🔴 SMH is trading 2.2% down today on AI valuation concerns and NVIDIA export-control worries

SMH is trading at $578.00 (-2.16%) as pre-market weakness follows a semiconductor selloff driven by a reassessment of AI-chip valuations.

• Sentiment is being pressured by NVIDIA export-control concerns and mixed trading results across Asian chip markets.
• The broader sector remains volatile as investors navigate rotation fears following the sharp rally seen in July.