🔴 SMHX is trading 1.70% down in pre-market as CXMT's denser-memory progress raises competition concerns

SMHX is trading at $58.52, down 1.70% in pre-market amid renewed semiconductor-sector pressure over competition concerns.

• Chinese chipmaker CXMT reported progress on denser memory technology, raising competition concerns.
• Reuters cited doubts about AI investment returns and reported U.S. chipmakers fell 2.7% on Monday.
• SMHX tracks semiconductor companies, including chip designers; no SMHX-specific announcement was identified.