SMH is trading 3.6% higher today as semiconductor giants AMD and Super Micro Computer (SMCI) crushed earnings expectations, signaling robust demand for AI infrastructure.
- AMD surged 17-19% following 57% growth in its data center segment, while SMCI jumped 13-19% on strong AI-driven momentum.
- Broader sentiment is bolstered by cooling labor market data and U.S.-Iran peace talks, which have reduced oil prices and inflation concerns.
- The Information Technology sector, representing 81.6% of the ETF's holdings, is leading market gains with a 2.2% advance.