SMH is trading at $572.53, up 3.02% from the August 26 close, as NVIDIA’s fiscal second-quarter results exceeded expectations and its third-quarter outlook reinforced strong AI-chip demand.

  • NVIDIA reported $96.2 billion in revenue and $2.22 adjusted EPS; shares gained nearly 4% after hours.
  • Stronger Nasdaq futures and firmer Asian technology sentiment supported the move.
  • Broader risk appetite is positive, though elevated inflation remains a counterweight ahead of Jackson Hole.