SMH3.L is trading at $16.89 (+4.68%), rebounding after the August 18 semiconductor selloff as Treasury’s August 19 bond-buyback expansion initially lowered long-term yields and improved sentiment toward growth stocks.
- Longer-dated buybacks will rise from $2 billion to at least $4 billion per operation.
- Micron’s $10 billion AI-memory research investment supported the sector, while higher yields and geopolitical risks limited broader equity gains on August 20.