SMH is trading at $548.00, down 3.61% from the September 11 close as semiconductor stocks face broad technology-sector pressure.
- Nasdaq futures are down 1.61%, while 10-year Treasury yields remain near 5.0%, weighing on high-growth valuations.
- Renewed Middle East shipping risks have pushed Brent crude above $104, increasing inflation and Federal Reserve concerns ahead of this week’s policy decision.
- The sector decline appears primarily macro-driven rather than caused by AMD’s Taalas acquisition.