SMH3.L is trading at $20.85 (+14.56%) after NVIDIA’s weekend partnerships to mobilize more than $500 billion for AI infrastructure improved semiconductor sentiment.
- Technology futures were firm, with Nasdaq futures up 0.60%, supporting a leveraged rebound after Friday’s semiconductor selloff.
- Friday’s weakness reflected valuation concerns, Broadcom’s 5.94% decline, and pressure across chip equipment, including Applied Materials.
- Softer July retail sales fell 0.6%, reinforcing expectations for steady Federal Reserve policy.