SMHX is trading at $60.78 and is up +1.54% as renewed AI optimism supports the broader fabless-chip sector.

  • Reuters reported global chip stocks climbed on September 22, with AMD crossing a $1 trillion valuation and major chipmakers rallying.
  • Broader technology strength, including a 0.57% Nasdaq gain, is reinforcing the move rather than a company-specific SMHX announcement.