🟢 SMH3.L is trading 18.8% up today on AI chip surge and Micron investment

SMH3.L is trading 18.8% higher today as it amplifies a strong rebound in the underlying VanEck Semiconductor ETF (SMH) and the broader chip sector.

• Gains are driven by an AI-focused semiconductor rally following news that Meta will manufacture its proprietary Iris AI chip with Broadcom and TSMC.
• Sentiment is further bolstered by Micron's massive $250 billion U.S. investment plan, which helped lift the PHLX Semiconductor Index by over 3%.