🟢 Semiconductors ETF (CHIP.SW) is trading 3.65% up today on NVIDIA’s $12.93 billion Hugging Face acquisition

CHIP.SW is trading 3.65% up today as NVIDIA’s agreement to acquire Hugging Face for $12.93 billion reinforces expectations for continued AI infrastructure investment.

• The deal expands NVIDIA beyond chips into open-source AI software and may support future demand for its processors.
• A broader Nasdaq-led risk-on tone and NVIDIA’s reported 1.8% gain are supporting semiconductor holdings.
• Broadcom’s 2.7% decline and caution ahead of the U.S. employment report are limiting the advance; the move is primarily sector-driven rather than ETF-specific.