🟢 Semiconductor ETF (SMH) is trading 1.6% up today on reported Intel-SK Hynix U.S. memory-chip talks

SMH is trading at $550.82, up 1.61% as semiconductor shares rebound on reported Intel discussions with SK Hynix about U.S. memory-chip production.

• Broader risk-on trading is supporting the move, with the Nasdaq Composite up 0.61%.
• Elevated Treasury yields and the pending FOMC decision are limiting gains.
• The arrangement remains exploratory, and SK Hynix says no plans have been finalized.