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via seekingalpha.comMarkets

SOXX extends losing streak to eight sessions as AI trade faces pressure

FROM THE WIRE · SEEKINGALPHA.COM

[stock market] hxdbzxy/iStock via Getty Images The iShares Semiconductor ETF (SOXX [https://seekingalpha.com/symbol/SOXX]) has fallen for eight consecutive sessions, its longest losing streak since September 2015, as chip stocks face pressure amid concerns that rising borrowing…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe longest losing streak since 2015 weighs on the AI-linked semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SOXX closed at $514.71, down 12.6% from its October 2 close.
  2. 02The ETF fell 4.5% on Wednesday and 0.9% on Thursday.
  3. 03Concerns over borrowing costs and the sustainability of AI infrastructure investment are weighing.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
iShares Semiconductor ETFSOXXETF514.71 USDMarket closedtoday -0.91%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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