🟢 Semiconductor ETF (SMH) is trading 1.5% up in pre-market after NVIDIA's Hugging Face acquisition

SMH is trading at $560.94, up +1.51%, supported by firmer Nasdaq futures and AI-chip optimism.

• Nasdaq futures are up 0.42%, supporting technology and semiconductor shares.
• NVIDIA is rising 1.8% after announcing its $12.9 billion Hugging Face acquisition; Broadcom earnings exceeded estimates, while AI semiconductor revenue surged 221%, partially offsetting weaker guidance.
• Improved overnight risk sentiment precedes the September 4, 2026 U.S. payrolls report; softer labor data could strengthen rate-cut expectations.