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via seekingalpha.comMarkets

Semiconductor stocks test 200-day average after brutal tech selloff

FROM THE WIRE · SEEKINGALPHA.COM

[Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.] SweetBunFactory/iStock via Getty Images Semiconductor stocks are testing their 200-day…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA sharp semiconductor selloff tied to doubts on AI spending returns weighs on the broader tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The SOXX ETF fell 6.62% on Thursday.
  2. 02Price action touched its 200-day moving average at $473.39.
  3. 03The Philadelphia Semiconductor Index also fell sharply in the same session.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
iShares Semiconductor ETFSOXXETF475.69 USDMarket closedtoday -6.79%Negative SOXSOXIndex—n/aNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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