SMH3.L is trading at $15.03, down 4.83% from the August 21 close of $15.79, as higher Treasury yields, softer Nasdaq futures, and ongoing risk sensitivity pressure leveraged technology exposure.
- The decline extends the semiconductor sector’s recent weakness.
- Investors are repositioning ahead of NVIDIA’s August 26 earnings, with consensus revenue near $91.9 billion and adjusted EPS of $2.08.
- The 3x leverage amplifies the underlying chip-sector decline.