🟢 SMHX is trading 2% up in pre-market after Nvidia agreed to acquire Hugging Face

SMHX is trading at $56.00, up 1.98% in pre-market after Nvidia agreed to acquire Hugging Face for $12.93 billion, reinforcing AI and semiconductor sentiment and its AI expansion strategy.

• Nvidia is SMHX’s largest holding at approximately 21.30%, while Broadcom represents about 17.07%, making the ETF sensitive to both catalysts.
• The broader Nasdaq is up 0.54% pre-market, adding supportive risk appetite, although Broadcom’s weaker outlook remains an offsetting sector headwind.