🔴 Semiconductor ETF (SMH) is trading 3.13% down in after-hours trading after weak Broadcom guidance

SMH is trading 3.13% down in after-hours trading after Broadcom’s weak fourth-quarter revenue guidance.

• Broadcom fell 2.7% in the regular session, adding pressure across semiconductor and AI-infrastructure shares.
• Strong August payrolls of 162,000 boosted expectations for a September Fed rate hike and Treasury-yield concerns, weighing on high-valuation technology stocks.
• The broader Nasdaq was lower; NVIDIA’s $12.93 billion Hugging Face acquisition supported regular-session optimism but did not prevent the late reversal.