🟢 Semiconductor ETF (SMH) is trading 1.84% up in pre-market after Thursday’s sharp selloff

SMH is trading at $533.00, up 1.84%, following Thursday’s sharp selloff.

• Lam Research warned that supply constraints limit its outlook and China revenue contribution, while concerns about returns on AI spending also weighed on sentiment.
• Asian chip shares were pressured, though South Korea’s Kospi and SK Hynix recovered from early losses.
• Futures were mixed, making SMH’s pre-market rise a tentative bounce rather than evidence of a broad sector turnaround.