Technical charts show SMH stock price climbing in a rising channel since mid-March. A reversal would likely target the $222–$223 area for near-term support. After a brief dip this summer, semiconductor stocks are heating up again, as mainstays in the space like Micron (MU) post blowout earnings due to strong AI-related demand. The memory chip giant reported scorching 93.3% year-over-year revenue growth, and guided to record revenue of $8.7 billion for the upcoming quarter, well above analyst expectations. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. SMH stock price remains tied to macro factors, including U.S.–China tech relations. New export restriction headlines could trigger volatility spikes within the session.
