🔴 SMH is trading 1.7% down today on NVIDIA export control concerns and AI chip valuation worries

SMH is trading at $590.15 (-1.69%) as NVIDIA’s tighter controls on Asian customers reinforce concerns regarding export regulations.

• The semiconductor sector is also digesting valuation worries following a sharp AI-driven run-up in July.
• SMH is currently lagging the broader market, underperforming even as U.S. equities maintain a risk-on tone.