🟢 SMH is trading 4.5% up today as investors buy the dip after a multi-day AI selloff

SMH is trading 4.5% up today as the semiconductor sector stages a sharp recovery following a multi-day selloff tied to AI spending concerns and geopolitical tensions.

• Investors are buying the dip after earlier losses triggered by Samsung, SK Hynix, and global AI spending worries, as well as geopolitical friction involving Iran.
• The rebound is fueled by strong earnings from key chip equipment manufacturers and a broader tech recovery, with major holdings like NVIDIA, TSMC, and AMD participating in the rally.