SMH is trading 3.3% up today as investors rotate back into semiconductors and information technology following recent geopolitical-driven volatility.
- The sector is being boosted by Apple’s multibillion-dollar agreement with Broadcom for U.S.-made wireless chips.
- Continued optimism around AI demand continues to support major chipmakers and related holdings.
- The move reflects sector-specific strength, significantly outperforming broader indices which are only modestly higher.