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Positive earnings turn for a chip-material supplier signals resilient AI-driven demand in the ecosystem, which can lift sentiment for SMH components as AI capex remains a priority.
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IQE Plc reported a half-year core profit versus a loss a year earlier, driven by demand from AI infrastructure, data centers, and defense customers. The result suggests a healthier backdrop for chip-materials suppliers amid AI expansion, implying potential tailwinds for SMH as AI and data-center capex sustains semiconductor activity.
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