🟢 SMH is trading 2.02% up today on strong Texas Instruments results and resilient chip demand

SMH is trading at $486.44 (+2.02%) on strong Texas Instruments results and resilient chip demand, bucking the trend of broader market weakness.

• The semiconductor-focused ETF is outperforming despite sector pressure from IBM (-7%) and ServiceNow (-13%) earnings misses tied to geopolitical delays.
• Positive drivers include Texas Instruments surging 10.67% pre-market, which has helped the ETF ignore declines in the S&P 500 and NASDAQ.
• The gains come as the sector counters macro headwinds, including oil prices spiking above $102 and escalating tensions in the Iran Strait.