🟢 SMHX is trading 2.1% up today as fabless chip designers rebound

SMHX is trading 2.1% up now at $55.04 as fabless chip designers rebound from this week’s semiconductor sell-off.

• The VanEck Fabless Semiconductor ETF is heavily weighted to Nvidia, Broadcom, AMD, Arm, Marvell, Qualcomm, and other AI-related chip names.
• The sector is bouncing as broader tech sentiment improves, despite ongoing concerns regarding competition in China and long-term AI profitability.