SMH3.L is trading at $19.33 (+4.77%) as Micron’s record fiscal Q4 revenue of $54.23 billion and stronger-than-expected outlook reinforced confidence in AI-driven chip demand.

  • Semiconductor and AI-infrastructure stocks rallied in response.
  • Treasury yields eased from a 24-year high during the October 1 session, offering some relief to growth stocks, though high yields remained a headwind.