🟢 Semiconductor ETF (SMH) is trading 1.74% up today, as Micron’s record quarter boosts AI memory demand

SMH is trading at $619.61, up 1.74%, as Micron’s results and outlook strengthened confidence in AI memory demand.

• Micron reported a record $54.23 billion quarter and forecast $61.5 billion in next-quarter revenue, above expectations.
• Reports of continued AI infrastructure investment reinforced chip-demand expectations and supported broader semiconductor sentiment.
• Rising Treasury yields and inflation concerns were headwinds, so the advance appears driven chiefly by chip-specific optimism.