🔴 Semiconductor ETF (SMH) is trading 1.55% down in pre-market on AI financing and profitability doubts

SMH is trading at $539.96 (-1.55%) in pre-market as renewed doubts about AI infrastructure financing and profitability weigh on chipmakers.

• Asian chipmakers came under pressure, including SK Hynix, which fell 3.5%.
• Cautious sentiment followed Monday’s US chip rebound; the Philadelphia Semiconductor Index had risen 1.6%, ending an eight-session losing streak.
• Brent crude above $110 and cautious risk sentiment added pressure to technology shares; concerns include whether debt-funded AI projects can be sustained.