🔴 SMH.L is trading 3.1% down today as AI spending concerns and weakness in NVIDIA and ASML weigh on the sector

SMH.L is trading at $97.81 (-3.10%) as renewed concerns over AI infrastructure spending returns and a broader tech selloff pressure the semiconductor sector.

• The Nasdaq Composite is down 1.15%, with chip stocks facing global pressure across major markets.
• Major industry names like NVIDIA and ASML are seeing significant weakness, dragging the entire sector lower.
• Investors are increasingly cautious regarding the timeline for returns on heavy capital expenditure in AI infrastructure.