● CHIPMAKERS HEAD FOR WORST STREAK SINCE 2015

The iShares Semiconductor ETF ($SOXX) is on pace for its eighth straight losing session on October 15, which would mark its longest skid since September 2015. The slide has already erased $1.64 trillion in semiconductor market value over six trading days, as investors question whether AI infrastructure spending justifies chipmakers' valuations. The Philadelphia Semiconductor Index is down near 12% since the rout began on October 6.