🔴 Semiconductors ETF (SMH3.L) is trading 3.19% down today as long-term Treasury yields pressure chip stocks

SMH3.L is trading at $15.62 (-3.19%) as rising long-term Treasury yields pressure high-valuation semiconductor and AI stocks.

• The 30-year yield recently reached roughly 5.34%, its highest level since 2007.
• Investors are reducing risk ahead of NVIDIA’s August 26 earnings and the Federal Reserve’s Jackson Hole symposium, increasing volatility across chip stocks.
• The decline appears sector-specific, as broader U.S. indices are modestly higher.