SMH3.L is trading at $14.05 (-10.99%), reflecting the sharp August 24 semiconductor-sector selloff amplified by its 3x leveraged structure.

  • NVIDIA fell 2.91%, while Micron dropped 5.83% and Broadcom declined 2.6%, pulling the Philadelphia Semiconductor Index lower.
  • Investors reduced chip exposure ahead of NVIDIA’s August 26 earnings, as exceptionally high AI-growth expectations increased downside risk.
  • Broader caution around Iran sanctions and softer Treasury yields added pressure, but semiconductor weakness was the principal driver.