🔴 SMH is trading 2.4% down today on profit-taking and SK Hynix selloff

SMH is trading 2.4% down today as semiconductor stocks face broad pressure driven by profit-taking and a sharp selloff in SK Hynix.

• The move follows strong year-to-date gains in AI-chip stocks, with sector peers like SOXX also falling over 3% in early trading.
• The decline in SK Hynix is weighing heavily on memory and AI-exposed names across the industry.
• Escalating geopolitical tensions in the Middle East are further dampening risk appetite for high-growth technology shares.