SMH is trading 1.6% up today as strong earnings from Microsoft and Lam Research fuel a broad chip-sector rebound.
- The rally follows a sharp selloff earlier in the week triggered by concerns over AI capital expenditure and increasing competition from China.
- Positive results from major tech players have restored investor confidence in sustained demand for semiconductors and specialized manufacturing equipment.
- Easing fears of an AI capex slowdown are driving gains across the sector after a period of heightened volatility.