SMH3.L is trading at $20.35 (+10.31%) following a broad semiconductor rally on October 2.

  • A much weaker-than-expected U.S. jobs report eased rate-hike expectations.
  • Micron’s strong results and outlook reinforced optimism about AI-related chip demand; Nvidia, AMD and Arm also advanced.
  • The price context does not establish a separate October 5 session catalyst.