SMH3.L is trading at $19.32, up 3.64%, as weaker expectations for further Federal Reserve tightening support the semiconductor rebound amid a tech-led risk-on tone.
- The August 7 jobs report showed payrolls falling by 23,000, supporting growth-sensitive technology shares.
- Semiconductor sentiment is also benefiting from strong AI-memory demand and gains in NVIDIA, Micron, and AMD.