SMH is trading 1.6% up today as Nvidia CEO Jensen Huang joins President Trump’s delegation to China to advocate for AI chip market access.
- The semiconductor sector is leading broader tech higher, with the NASDAQ up 0.58% despite ongoing inflation pressures from hot CPI and PPI data.
- The ETF is rebounding sharply from yesterday's 2.6% drop, outperforming the market as geopolitical optimism offsets concerns over Middle East oil spikes.
- Positive sentiment surrounding US-China tech talks is providing a significant lift to chipmakers, even as macroeconomic headwinds weigh on the Dow.