🔴 Semiconductor ETF (SMH) is trading 1.59% down today amid Middle East hostilities and expanding strikes

SMH is trading at $541.74 (-1.59%) as Middle East hostilities and expanding strikes renew oil, inflation, and risk-premium concerns.

• These concerns are pressuring growth-sensitive technology shares.
• The semiconductor group is cautious ahead of Broadcom’s September 3 earnings, despite strong reported AI revenue and a modest market reaction.
• SMH trails the S&P 500, up 0.45%, and Nasdaq, up 0.57%, indicating sector-specific weakness.