SMH is trading at $556.00, down 2.06% versus the previous close, as Alphabet’s earnings miss and heavy AI infrastructure spending raised concerns about AI investment returns and sustainability.
- Nasdaq futures were down 1.28%.
- Samsung’s results disappointed investors on profit expectations and shareholder-return plans, despite an upbeat memory-demand outlook.
- Available evidence points to sector-wide pressure, not a confirmed SMH-specific company catalyst.