🔴 Semiconductor ETF (SMH) is trading 1.51% down as OpenAI training pause revived AI-chip demand concerns

SMH is trading at $597.39, down 1.51%, as OpenAI’s pause in training some advanced models revived concerns about AI-chip and data-center demand.

• Chipmakers led declines in Asian markets.
• Rising oil and Treasury yields, following the rejection of Iran’s proposal, added inflation and risk-off pressure to technology stocks.
• The broader market was also lower, reinforcing the sector decline; available evidence points to sector and macro pressures rather than a new SMH-specific catalyst.