🔴 SMH3.L is trading 9.9% down today amid AI-chip volatility and sector rotation

SMH3.L is trading at $24.50, down 9.9% today as volatility in major semiconductor stocks triggers outsized moves in the leveraged fund.

• The decline reflects amplified losses in key underlying holdings including Nvidia, AMD, Broadcom, Micron, and ASML as investors reassess AI-memory demand.
• The fund's 3x leveraged exposure to the VanEck Semiconductor ETF (SMH) magnifies relatively modest sector swings into large daily price moves amid a broader rotation within growth stocks.