On July 16, Semiconductor Index ETF-HOLDRs fell 3.18% in pre-market trading, trading at 572.55 USD/share, with turnover of approximately 21.93 million USD.
On the news front, Warren Buffett publicly criticized what he termed an AI speculative bubble, triggering a sharp reversal in market sentiment toward the semiconductor sector. Simultaneously, Guangfa Hong Kong downgraded its Q3 DRAM price hike expectations, while downstream customers expressed strong resistance to proposed 30% price increases. Concerns over long-term memory chip oversupply intensified as SK Hynix and Micron's new capacity is expected to come fully online by early 2028, creating visible downward pricing pressure ahead.
Additionally, hedge funds have been net sellers of semiconductor and hardware technology stocks for four consecutive weeks, as institutional capital accelerates profit-taking on first-half AI chip outperformance. Broader fears of industry-wide AI infrastructure overbuilding continue to weigh on the sector.
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, which includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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