🟢 Tech ETF (SMH) is trading 1.7% up today as lower yields and easing AI regulatory concerns lift semis

Tech ETF (SMH) is trading 1.7% higher today as easing Treasury yields and reduced regulatory overhang for AI leaders boost the semiconductor sector.

• Semiconductor names remain in focus following NVIDIA’s strong earnings and ongoing AI demand, which continue to support the group despite recent volatility.
• Trump’s cancellation of a new AI safety executive order is being read as reducing near-term regulatory overhang for U.S. AI and chip leaders.
• Tech and other growth areas are benefiting from a broader risk-on tone and modest gains in major U.S. indices as Treasury yields soften.