🟢 Semiconductor ETF (SMGB.L) is trading 3.24% up as Micron’s record revenue reinforces AI-chip demand

SMGB.L is trading at £89.43, up +3.24%, as Micron’s record results reinforced confidence in AI-driven semiconductor demand.

• Micron reported record fiscal Q4 revenue of $54.23 billion, issued a $61.5 billion outlook and reported $32 billion in customer supply commitments.
• A weaker U.S. jobs report, with 29,000 jobs added, helped reduce rate-hike expectations and support risk appetite; chip stocks led the Nasdaq advance on October 2. The market is closed.