🟢 Semiconductor ETF (SMH) is trading 1.5% up today on AI infrastructure earnings

SMH is trading at $593.81 (+1.54%), driven by AI infrastructure earnings from CoreWeave and Super Micro Computer that reinforced expectations for sustained chip demand.

• Semiconductor leaders broadly rallied, with Nvidia up 3.03% and the Philadelphia Semiconductor Index up 2.49%.

• Benign July inflation reduced near-term Fed tightening concerns; July PPI was flat monthly and core PPI rose 0.2%. NVIDIA’s proposed $500 billion financing alliance further strengthened the sector’s AI-investment narrative.