🔴 Semiconductor ETF (SMH3.L) is trading 8.75% down as CXMT advances denser DRAM design

SMH3.L is trading at $15.38, down 8.75%, as investors worry CXMT’s denser DRAM design will intensify competition for memory-chip makers.

• On October 12, the Philadelphia Semiconductor Index fell 2.67%, while the Nasdaq also slipped.
• Concerns about returns on AI spending and elevated financing costs added pressure.
• SMH3.L’s 3x leverage amplifies sector moves.