SMH is trading 2.3% up today as semiconductor sentiment rebounds following SAP's AI agent announcement and broader strength in tech futures.
- Tech is outperforming the broader market with NASDAQ futures up 0.64%, signaling a sector rotation back into growth assets despite persistent geopolitical tensions.
- Sentiment is bolstered by SAP’s Autonomous Enterprise launch featuring 200 AI agents, reinforcing the demand narrative for high-performance semiconductor hardware.
- Major indices remain mixed, though tech continues to lead the market amid steady gains in the cryptocurrency space.