🔴 Semiconductor ETF (SMGB.L) is trading 3.44% down as investors question returns on heavy AI spending

SMGB.L is trading at £73.62 (-3.44%) as investors questioned whether heavy AI infrastructure spending will generate sufficient returns.

• Asian chipmakers, including SK Hynix and Samsung, fell; weaker-than-expected guidance from chip-equipment maker Lam Research added pressure.
• Broader risk aversion weighed on technology stocks, with U.S. futures falling after mixed Tesla and Meta results, renewed Middle East tensions and higher oil prices.