SMH is trading at $572.49 (+2.12%), supported by forecasts for durable AI infrastructure demand.
- Bank of America raised its semiconductor growth forecast to 18% annually through 2030, projecting a $3.2 trillion market.
- NVIDIA CEO Jensen Huang expects chip sales to double in 2027, reinforcing confidence in durable AI infrastructure demand.
- Softer Treasury yields and lower oil prices are further supporting high-growth technology shares.