🔴 SMH is trading 1.9% down today on rising yields and chip supply chain concerns

SMH is trading 1.9% down today as rising Treasury yields and fresh supply chain concerns weigh on the semiconductor sector.

• Rising Treasury yields and higher oil prices are reviving inflation and interest rate worries, which typically pressure growth-oriented tech stocks.
• Sentiment is further dampened by potential disruptions in the global chip supply chain, including a strike threat at Samsung and signals of a slowdown from TSMC.