🟢 Semiconductor ETF (SMH) is trading 4.77% up in pre-market as chip stocks rebound after steep sell-off

SMH is trading at $468.15 (+4.77%) as chip stocks rebound following Thursday’s steep sell-off.

• Nvidia rose 3.6% pre-market; AMD, Intel, Broadcom, and Micron gained 5%–8.3%.
• The rebound follows concerns that tighter AI and data-center regulation could slow infrastructure investment, alongside Qualcomm’s disappointing smartphone-chip outlook.
• Nasdaq futures were higher as investors awaited the October payrolls report; the bounce appears mainly sector-wide and technical after heavy losses.