Tech ETF (SMH) is trading 1.6% up today as the semiconductor sector extends its rally driven by sustained optimism surrounding the AI chip cycle.
- The advance follows a strong performance by industry leaders Nvidia, Micron, and Qualcomm, signaling continued risk-on sentiment for AI-related hardware.
- U.S. index futures remain modestly higher amid a quiet macroeconomic calendar, allowing sector-specific momentum to lead market direction.