SMH3.L is trading at $18.80 (-3.69%) amid AI uncertainty, a plausible pressure on the leveraged ETP but not an established sole cause.
- Schwab said semiconductor shares faced AI-related uncertainty after OpenAI paused training of its most capable models and halted a new model rollout for safety reasons.
- Micron reported after the September 30 close, so its upbeat results and outlook were not a catalyst during that regular session. It forecast first-quarter revenue above analyst estimates, highlighting strong AI-memory demand.