• SMH.L is down 7.7% today, mirroring a broad global semiconductor selloff.
  • The decline was triggered by disappointing preliminary earnings from Samsung Electronics, which fell short of elevated investor expectations for the sector.
  • Investor caution around AI-related chip valuations and concerns over the sustainability of the AI-driven rally have also fueled the sector-wide risk-off mood.
  • While major Asian chipmakers like SK Hynix saw early losses, they rebounded later in the day, though overall sector sentiment remained negative.