🟢 Semiconductor ETF (SMH) is trading 1.62% up as oil retreats from last week’s near-six-month highs

SMH is trading at $535.72, up +1.62%, as oil retreats from last week’s near-six-month highs, easing pressure on risk sentiment.

• The rebound comes alongside firmer U.S. futures.
• It follows a sharp semiconductor and AI-stock selloff as investors questioned returns on heavy AI infrastructure spending.
• Upcoming results from Alphabet, Microsoft, and Amazon may help reset expectations, but leave the sector sensitive to earnings signals.