🟢 Semiconductor ETF (SMGB.L) is trading 3% up today on renewed AI infrastructure demand

SMGB.L is trading at £81.85 and is up +3.03%, as strong AI-related earnings from Super Micro Computer and CoreWeave lifted semiconductor sentiment.

• July CPI rose 0.1% monthly, while core CPI increased 0.2%, easing rate-hike concerns.
• Annual CPI slowed to 3.4%, with core inflation at 2.5%; both matched expectations.
• Semiconductor shares are outperforming as investors continue pricing robust AI infrastructure demand.