SMH.L is trading 5.4% down today as the global semiconductor and AI sector selloff intensifies following last week’s sharp reversal in the AI momentum trade.
- Investors are rotating out of high-valuation chip names following TSMC’s aggressive capital expenditure plans and mounting concerns about near-term AI monetization.
- Broader risk-off sentiment is weighing on technology and semiconductor indices worldwide, putting the VanEck Semiconductor UCITS ETF under heavy pressure.