SMH is trading 1.7% down today as semiconductor and AI-linked stocks face pressure from rising Treasury yields and elevated oil prices weighing on growth valuations.
- Higher yields and energy costs are driving a broader pullback in Nasdaq futures, impacting the information technology sector.
- Weak economic data from China and ongoing geopolitical tensions are further dampening global risk appetite for chipmakers.
- The downward trend persists despite positive industry headlines, including the commencement of shipments for Nvidia’s new Vera CPU.