Tech stocks, including hardware and software companies, experienced a significant selloff recently due to worries about the sustainability of the artificial intelligence (AI) trade. William Blair analyst Sebastien Naji highlighted that the iShares Semiconductor ETF (SOXX) dropped 17% in October and is down 28% from its peak in June. Despite this, some shares have been unjustly punished, as the sector had a strong run earlier this year. The selloff reflects concerns about AI monetization, funding challenges, and rising capital costs, but analysts suggest the price declines may not fully reflect the fundamentals of these companies.
Following the recent selloff in tech stocks mentioned in the article, the iShares Semiconductor ETF (SOXX) trades at USD 470.09 on Pluang as of Nov 03, 2026 00:02 WIB, showing a modest 0.28% decline in one day. The ETF's market cap stands at $43.67 billion, with a 52-week high of $655.01 and a low of $268.10. Investors typically hold SOXX for about 51 days on the Pluang platform, indicating a medium-term interest in this sector.
