🔴 Semiconductor ETF (SMH) is trading 3.06% down as Democrats’ wins raise data-center permitting concerns

SMH is trading at $502.66, down 3.06%, as concerns about tougher data-center permitting and regulation after Democrats’ midterm wins pressured semiconductor shares.

• Intel, Sandisk, Marvell, and Micron were lower in morning trading; SOXX was down 3.35%.
• AMD’s record results and strong outlook offered a counterweight but did not prevent the broader sector decline. Major indices were higher, suggesting this was not simply a market-wide selloff.