SMH3.L is trading at $19.20 (-4.74%) as premarket reports point to chip-sector profit-taking after an early-October rally. - Chip shares were mixed in the October 6 session: the SOX rose just 0.34%, as gains in Nvidia and Broadcom offset declines in Intel and Micron. - Asian technology shares were also weak, weighing on sentiment. - SMH3.Lā€™s 3Ɨ daily leverage can magnify moves in its semiconductor exposure.