SMH is trading 2.1% up today as semiconductor stocks lead a technology sector recovery fueled by strong AI chip demand and record profits from Samsung.
- Nasdaq-100 and S&P 500 futures are trending higher, signaling a return of risk appetite despite ongoing macro uncertainty surrounding U.S.-Iran military action.
- The rebound follows a recent pullback triggered by Middle East-related risk-off sentiment and previous volatility in the chip market.
- Bullish sentiment remains underpinned by robust demand for AI-related memory and components, highlighted by Samsung’s record-breaking financial performance.