SMH3.L is trading 31% up today, reflecting a powerful rebound in the global semiconductor sector driven by improved risk appetite and strong corporate performance.
- Major benchmarks, including the PHLX Semiconductor Index and U.S. tech indices, jumped 6–7% as easing Middle East tensions and falling oil prices encouraged a return to growth names.
- The rally is further supported by robust AI-related earnings, which have restored investor confidence in the long-term outlook for chip manufacturers.
- As a 3x leveraged ETP, SMH3.L provides magnified exposure to these sector movements, resulting in outsized gains relative to the underlying indices.