Chip stocks under pressure due to changing sentiment

Since April of last year, interest in chip stocks was very high, partly due to significant investments in artificial intelligence. These trends led to the iShares Semiconductor ETF, a key indicator for the sector, more than doubling in the early part of this year.

However, after this strong growth, sentiment has now turned, leading to pressure on chip stocks. The precise reasons for this change in sentiment have not been specified, but it marks a significant shift in investor perception.