SOXX Worst Quarter In Over A Year; Burry Cites AI Chip Race

The iShares Semiconductor ETF (SOXX) experienced its worst quarter in over a year, falling 11.3% in the third quarter. This downturn brings renewed focus to "The Big Short" investor Michael Burry's criticisms of AI spending, particularly his warning about the industry's reliance on power-hungry chips creating a "parameter trap."