Tech ETF (SMH) is trading 1.8% higher today as semiconductor and broader tech names react to NVIDIA’s blowout Q1 fiscal 2027 results.
- NVIDIA delivered a significant revenue and EPS beat, fueled by relentless AI data-center chip demand.
- This strong single-stock catalyst is currently outweighing recent rate-driven volatility and supporting a rebound in the tech-heavy semiconductor space.
- With information technology comprising over 80% of the ETF, the results are lifting sentiment across high-growth chipmakers.