SMHX is trading 2.99% higher at $63.42 in pre-market, with no clear company-specific announcement or overnight catalyst identified. - SMHX is the VanEck Fabless Semiconductor ETF. - Reuters reported technology and semiconductor stocks had been under pressure amid AI-spending concerns, elevated energy prices and borrowing costs; that coverage does not explain the move higher. - Supplied market context showed stronger U.S. index futures, but did not establish the reason for SMHX’s pre-market rise.