🟢 Tech ETF (SMH) is trading 2.1% up today ahead of NVIDIA’s highly anticipated Q1 earnings

VanEck Semiconductor ETF (SMH) is trading 2.1% higher as investors bid up chipmakers ahead of NVIDIA’s highly anticipated fiscal Q1 2026 earnings report after the close.

• Options markets are pricing a significant move in NVIDIA, with consensus revenue estimates near $79 billion underscoring expectations for continued AI data center strength.
• SMH is currently outperforming the Nasdaq Composite as markets position for a potential AI-driven upside surprise across the semiconductor sector.