SEMI.AX is trading at A$36.90 (+5.55%) as semiconductor ETFs extend a rebound driven by renewed optimism around AI-memory demand and a bullish outlook from Micron.
- The move aligns with broader strength in chip benchmarks and leveraged semiconductor funds, with strong follow-through observed in NVIDIA and other AI-linked names.
- The ETF is tracking sector-wide gains rather than fund-specific news, supported by improving risk appetite despite a mixed U.S. market performance.