SMH is trading at $561.15, -2.29%, as oil-driven inflation fears lift Treasury yields.
- Semiconductor shares are weakening alongside broader technology markets as investors await the 08:30 ET PPI report; hotter inflation could pressure growth stocks.
- Brent crude above $100 amid escalating U.S.-Iran tensions is intensifying inflation and risk-off concerns.
- The sector is seeing profit-taking after recent gains, while positive TSMC sales news has not offset macro pressure.