SMH is trading 2.08% down as Brent crude rebounded above $100 and the 10-year Treasury yield rose to approximately 4.99%, renewing inflation and interest-rate concerns. - Higher yields disproportionately pressure high-growth technology and semiconductor valuations. - Nasdaq weakness and slightly weaker chip-stock trading in premarket activity add sector pressure. - This reverses part of the AI-led rally from September 21–22.