🟢 SMH3.L is trading 4% up today after Micron earnings beat and semiconductor rebound

SMH3.L is trading at $30.38, up 4% today following a sharp semiconductor-sector rebound fueled by strong earnings from Micron.

• Micron reported a significant Q3 earnings beat, leading to a 17–18% after-hours surge that lifted the broader chip sector.
• Major semiconductor and AI-related stocks bounced back after a multi-day selloff, resulting in disproportionate gains for leveraged products like SMH3.L.
• The sector-wide recovery reflects renewed investor confidence in AI-related hardware following a period of profit-taking.