🟢 Semiconductor ETF (SMH) is trading 2.3% up in pre-market, Micron results, Synaptics deal lift chip shares

SMH is trading at $631.84, up 2.27%, with chip-sector optimism supported by Micron’s record quarter and ON Semiconductor’s revised Synaptics deal.

• ON Semiconductor’s revised $5.7 billion all-cash Synaptics deal lifted both companies’ shares pre-market, adding a sector-specific catalyst.
• Micron posted a record $54.23 billion quarter and forecast $61.5 billion in revenue, reinforcing optimism about AI memory demand.
• Broader risk appetite was supportive, while September payrolls came in at 29,000, below expectations, and unemployment was 4.2%.