🟢 SMH is trading 1.7% up today as AI chip sentiment rebounds

SMH is trading 1.7% up today as the semiconductor sector rebounds from last week's AI-related tech pullback and volatility.

• The move tracks a broader recovery in Nasdaq futures and large-cap tech as investors prioritize AI infrastructure demand over recent BIS warning risks.
• Sentiment is stabilizing following a period of pressure triggered by Apple’s cost warnings and Micron’s post-earnings weakness on June 26.
• Improved geopolitical sentiment is contributing to the bounce in chip-heavy information technology stocks as demand for AI growth remains a primary focus.