🟢 SMH is trading 1.5% up today on news of Nscale supplying 66,000 NVIDIA GPUs for Microsoft's EU AI project

SMH is trading at $514.70, up 1.5% from its previous close, driven by positive sentiment around AI infrastructure development and news of Nscale supplying 66,000 NVIDIA Rubin GPUs for Microsoft's EU AI project.

• The move aligns with broader market strength, including a 0.72% rise in Nasdaq-100 futures and a 0.59% gain in the EuroStoxx 50, supporting technology and semiconductor holdings.
• With 81.6% of its composition in information technology, the ETF continues to benefit from significant macro tailwinds in AI infrastructure investment despite mixed individual stock performance elsewhere.