🟢 SMHX is trading 2.4% up in pre-market, as Micron’s record results bolster chip-sector sentiment

SMHX is trading at $63.24, up 2.41% versus the previous close, as Micron’s record results and upbeat outlook bolstered chip-sector sentiment.

• The fabless semiconductor ETF has substantial exposure to Nvidia, Broadcom and AMD; Reuters reported the three led pre-market gains on October 2.
• Broader futures rose as Treasury yields and oil eased ahead of the U.S. jobs report.
• No SMHX-specific announcement was identified.