SMHX is trading 1.82% up at $60.97 after semiconductor and AI-related momentum strengthened overnight.
- Largest holdings include NVIDIA at 21.97% and Broadcom at 17.01%; NVIDIA and AMD were higher in pre-market trading.
- Nasdaq futures are up 0.37% as investors positioned for lower rates after the weak July jobs report.
- The move appears sector-led rather than company-specific.