🔴 SOXX is trading 1.4% down today amid a global semiconductor selloff and AI profitability concerns

SOXX is trading at $612.07 (-1.4%) as the technology sector remains under pressure following a global semiconductor rout.

• The decline is driven by mounting concerns over AI profitability, higher interest rate risks, and weak chip sentiment, extending a sector-wide selloff led by enterprise tech and semiconductor names.
• Volatility remains elevated ahead of Micron’s earnings report later today, with no fresh positive catalysts currently available to offset the overnight caution.
• The downward move in the chip sector persists even as broader U.S. futures show slight gains this morning.