SMHX is trading 2.15% up at $58.96 after Nvidia announced partnerships with six major financial institutions targeting more than $500 billion for AI infrastructure financing.
- Reuters reported Nvidia may backstop up to 25% of potential deals, supporting expectations for continued data-center and semiconductor demand.
- Nvidia is SMHX’s largest holding at 21.57% of net assets.
- The Nasdaq Composite is up 0.63%; no volume or company-specific announcement was provided, making the catalyst primarily sector-driven.