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SOXX · Analysis updated Nov 5, 2026, 9:50 AM ET
Why is iShares Semiconductor ETF (SOXX) stock moving?
SOXX is in a sharp, sector-wide drawdown. It closed at 150.14 on Nov 4, down from 171.29 on Oct 29, which is about 12% in under a week. The slide began Oct 30 after Intel's weak guidance, when the PHLX Semiconductor index fell about 7%. It continued on worries about AI capital spending returns and a rotation into value. Chips also lagged the broad post-midterm rally, and the Philadelphia Semiconductor Index reached a six-month low. Selling volume has been heavy: 474K shares on Oct 30 and 452K on Nov 4, well above the roughly 220-260K typical of mid-to-late October. Overseas, the KOSPI halted trading and SK Hynix and Samsung dropped sharply. Premarket weakness of about 3% on Nov 5 points to a third straight down day. Counterpoints: Tom Lee calls the move an overreaction, Counterpoint Research reports memory pricing is still strong, and the fund's forward P/E is relatively low. Dan Ives warns of a possible further 10-12% fall. The fund is high-beta, so volatility should stay elevated. Some quoted price and net-asset data across sources are inconsistent, so the analysis relies on the provided trading data.
News behind the analysis
- Semiconductor ETF Drops Over 3% as Chipmakers Extend Losses in US FuturesA rotation out of chip stocks extended into a second day. A US-listed semiconductor ETF fell more than 3% premarket after Wednesday's losses, even as the S&P 500 futures were flat.
- Micron Technology Stock Slides Again Thursday: What's Going On?SOXX fell nearly 3% premarket after losing about 3% Wednesday. Dan Ives warned chips could drop another 10-12%, while Tom Lee called the AI selloff an overreaction.
- Asia stocks mixed as chip rout triggers KOSPI trading halt; China outperformsKOSPI closed 5.3% lower after a sell-side trading curb. The Philadelphia Semiconductor Index had dropped 3.1% overnight to a six-month low.
- Philadelphia Semiconductor Index Plunge Drags Taiwan Stocks Down Over 900 PointsThe index fell 3.13% to 10,268.66, a six-month low, while the Dow surged after the midterm results. Analysts said chip stocks are likely to stay volatile until the policy picture clears.
- Asian Markets Rise as South Korea Kospi Slides on Chip SelloffSamsung Electronics fell 5.7% and SK Hynix fell 7.4% as AI-exposed chip stocks were sold across Asia.
- South Korean Chip Selloff Triggers Trading Halt on Main BourseA selloff in Korean semiconductor shares triggered a temporary trading halt on the main bourse.
- Semiconductor Sell-Off: The Best Chip Stocks to Buy Right NowChip stocks sold off on Oct 30 after Intel's guidance came in well below expectations on a weak PC market. The PHLX Semiconductor index fell 7% in one session.
- Why Is Micron Technology (MU) Stock Down -5.70% Today?Memory and chip names fell on doubts about the durability of AI capital spending and risk-off positioning.
- Why South Korea's Largest US ETF Rallied While Seoul Sold OffOn Nov 3, SOXX rose 2.50% and SMH rose 2.01% as the midterm outcome added a new variable for the AI trade.
- Markets Brief: Chip Stocks Sell Off, Investors Rotate Into ValueWorries about the durability of the AI trade hit chips. The Morningstar Global Semiconductors Index fell 5.8% for the week, with Nvidia down 5.2%, TSMC down 8.4% and Broadcom down 7.8%.