SMH is trading 2.9% up today as semiconductor stocks extend a rebound from last week's AI-driven selloff, supported by easing geopolitical tensions and a broader tech market recovery.
- Investors are buying beaten-down AI and memory chip names, reflecting renewed optimism about long-term infrastructure demand.
- Progress in U.S.–Iran peace discussions and positive momentum in Asian and U.S. tech markets are providing additional support for the sector.