🟢 SEMI.AX is trading 3.1% up today following NVIDIA's blockbuster earnings and $80 billion buyback

SEMI.AX is trading 3.1% higher at A$36.79 following a sharp rally in global semiconductor stocks tracking positive momentum in the U.S. market.

• The move follows NVIDIA’s blockbuster earnings, $80 billion buyback, and dividend hike, which significantly lifted sentiment across AI and chip-related names.
• Easing bond yields and improved risk appetite provided additional support for growth and semiconductor-focused ETFs.
• The rally reflects a broad recovery in the sector after the U.S. market close on May 20.