🟢 Semiconductor ETF (SMH) is trading 2.39% up, as Micron’s results boost AI-memory demand

SMH is trading at $632.59 (+2.39%) as Micron’s results reinforced expectations for strong AI-memory demand.

• Micron reported a record $54.23 billion quarter and forecast $61.5 billion in revenue.
• onsemi revised its Synaptics deal to $5.7 billion in all cash, and Morgan Stanley named Nvidia its top semiconductor pick.
• The broad market rose, while SOXX gained 2.71%, pointing to chip-sector leadership. A weak jobs report and easing rate expectations added macro support, though market context was mixed.