🟢 Semiconductors ETF (SMH3.L) is trading 5% up today after SanDisk outlook boosts memory-chip shares

SMH3.L is trading at $20.29, up 4.99%, as SanDisk’s favorable long-term outlook supports semiconductor and AI-related stocks.

• Memory-chip shares and the broader semiconductor index rallied internationally; Applied Materials reported record quarterly revenue tied to AI-infrastructure demand, reinforcing sector-wide earnings momentum.
• Flat July PPI and slightly higher jobless claims on August 13 reduced expectations for a September Federal Reserve rate hike, encouraging demand for growth-sensitive technology shares.