SMH.L is trading 3.1% up today as global semiconductor and AI shares rebound from last week’s sharp selloff, with traders rotating back into chipmakers amid renewed optimism for AI demand.
- Broader equity markets are trending higher and sector sentiment has improved following a recent rout linked to concerns over high valuations.
- Investor confidence has stabilized following previous volatility surrounding heavy capital expenditure plans at major foundries like TSMC, helping lift semiconductor-focused ETFs.