🟢 Semiconductors ETF (SMH3.L) is trading 13.43% up on recovery buying in weakened chip sector

SMH3.L is trading at $15.94 (+13.43%) as short-term recovery buying follows the August 24 semiconductor selloff.

• The prior decline was broad-based: NVIDIA was down 2.91%, Micron 5.83%, Broadcom 2.6%, and SOXX more than 2.5%.
• The August 25 rebound appears driven by firmer technology futures and is amplified by SMH3.L’s 3x leveraged structure.
• Investor positioning remains sensitive to NVIDIA’s August 26 earnings and AI-spending expectations.