🟢 Semiconductor ETF (SMH) is trading 1.57% up on record SK Hynix results and AI-memory demand

SMH is trading at $566.73 (+1.57%) as record SK Hynix quarterly results and robust AI-memory demand lifted semiconductor sentiment.

• SK Hynix also announced a shareholder-return program.
• The Philadelphia Semiconductor Index rose 3.6% in overnight trading, while chip gains supported US semiconductors ahead of the Fed decision.
• Broad US indexes were only modestly higher, suggesting the move was led primarily by semiconductor-sector strength. The Fed announcement and major technology earnings remained in focus.