🟢 Semiconductor ETF (SMH) is trading 2.8% up today on renewed AI infrastructure spending optimism

SMH is trading at $559.85 (+2.81%) as semiconductor stocks lead a broader technology rebound on renewed AI infrastructure confidence.

• Tower Semiconductor’s high-volume optical-engine shipments for AI data centers, fresh Nvidia-chip demand, and exploratory Intel-SK Hynix U.S. memory-production talks reinforce sector optimism.
• Tower targets 800G to 1.6T optical interconnects for AI clusters; GMI Cloud seeks $300 million to purchase Nvidia chips.
• After the September 16 Fed hike, risk appetite and major indexes are higher while rate uncertainty is temporarily reduced; the move remains primarily sector-driven, supported by favorable macro sentiment.