SMH3.L is trading at $20.66 (-8.19%), extending sharp losses following a broader semiconductor stock selloff over the past week.
- The move reflects amplified downside to the underlying VanEck Semiconductor index, driven by investor concerns over stretched AI-related valuations and high capital expenditure at major chipmakers.
- Lingering geopolitical tensions continue to pressure global technology and chip shares, maintaining a downward trend that has persisted since mid-July.