SMH is trading 2% up in pre-market as stronger Nasdaq futures and renewed technology buying support chip shares.
- The rebound follows the sector’s sharp August 24 selloff and appears sector-wide, not company-specific.
- U.S. futures rose ahead of Nvidia’s August 26 earnings report, a major test for artificial-intelligence demand.
- Asian chip stocks stayed weak amid AI-trade concerns and Middle East tensions; investors are watching August 25 consumer-confidence data and upcoming inflation figures.