🟢 SMH is trading 2.3% up today on renewed AI infrastructure optimism and risk-on sentiment

SMH is trading 2.3% higher in pre-market action as semiconductor names benefit from renewed enthusiasm for long-term AI infrastructure spending and a broader risk-on move in Nasdaq futures.

• The sector is recovering from recent volatility driven by trade tariffs and concerns regarding AI capital expenditure.
• Investors are refocusing on massive data center build-out demand that supports chip and equipment makers across the entire stack.
• The rebound follows several consecutive down sessions, signaling a shift in sentiment toward long-term growth drivers in the semiconductor space.