BREAKING: BlackRock’s $47 billion iShares Semiconductor ETF ($SOXX.ETF ) is on track for its worst month since September 2001, down more than 26% in July amid profit-taking, concerns over circular AI financing, rising debt from heavy AI spending, and intensifying competition from China.
The sharp selloff in Micron (MU), Intel (INTC), Applied Materials (AMAT), KLA Corporation (KLAC) and other heavyweight semiconductor stocks is dragging down the semiconductor index, as they are among the ETF’s largest holdings.
$SOXX.ETF
The sharp selloff in Micron (MU), Intel (INTC), Applied Materials (AMAT), KLA Corporation (KLAC) and other heavyweight semiconductor stocks is dragging down the semiconductor index, as they are among the ETF’s largest holdings.
$SOXX.ETF