SMH3.L is trading 40.1% higher today as global semiconductor stocks stage a powerful rebound following several days of heavy selling.
- The rally is fueled by strong broader technology earnings and cooling U.S. inflation data, which have restored investor risk appetite across the tech sector.
- This sharp upward move reflects a significant short-covering rally in the highly leveraged semiconductor segment, reversing a prior rout driven by concerns over AI spending and geopolitical tensions.