SOXX extends losing streak to eight sessions as AI trade faces pressure

[stock market] hxdbzxy/iStock via Getty Images The iShares Semiconductor ETF (SOXX [https://seekingalpha.com/symbol/SOXX]) has fallen for eight consecutive sessions, its longest losing streak since September 2015, as chip stocks face pressure amid concerns that rising borrowing costs could slow AI infrastructure spending. SOXX closed at $514.71 on Thursday, down 12.6% from its October 2 close of $588.90. The ETF fell 4.5% on Wednesday and another 0.9% on Thursday. The sell-off reflects broader concerns over the sustainability of the AI boom, as investors question whether massive infrastructure investments can generate sufficient returns amid rising borrowing costs, high capital requirements, and uncertainty over future AI demand.