🟢 SMH is trading 1.6% up today on SK Hynix AI chip investment interest

SMH is trading 1.6% up today on reports that SK Hynix received investment offers from Big Tech to secure HBM chip production amid AI-driven scarcity.

• The semiconductor sector is leading the broader market recovery, with NASDAQ futures rising 0.50% in pre-market action following a previous 1.76% drop.
• Strong earnings from AMD and SMCI continue to reinforce sector strength and provide positive momentum for the ETF.
• Investor confidence remains high as the fund maintains its position above the $400 support level despite recent pullback concerns.