SMH is trading at $551.94 (+2.25%) in pre-market as U.S. equity futures rebounded after last week’s sharp tech and chip selloff.
- Nasdaq 100 futures were reported up 1.3%, supporting a pre-market bounce in semiconductor shares.
- The bounce follows an extended semiconductor losing streak, while concerns about AI infrastructure financing continue to weigh on sentiment.
- Asian chip stocks remained under pressure on funding concerns and worries DeepSeek’s more efficient model could reduce memory demand, tempering the recovery.