SMH stock price momentum remains steady, with RSI near 62 — indicating buyers still control the tape. Institutional buying patterns hint at sustained long positions ahead of earnings season. In conclusion, I’m bullish on SMH because it provides investors substantial exposure to Nvidia and top semiconductor stocks like Broadcom, Taiwan Semiconductor, and others. Plus, its phenomenal returns over the past three, five, and 10 years give it an unassailable track record. Oil prices rose about 1% in early trade on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions. The SMH stock price is consolidating after last week’s 3.2% rally, driven by upbeat guidance from top chipmakers. The ETF’s 50-day moving average at $219 is acting as a firm technical floor for swing traders.