SMGB.L is trading at £68.45, down 3.45%, as semiconductor-sector weakness weighs amid concern a Democratic congressional sweep could bring tighter AI and data-center regulation.
- Chip stocks weakened even as broader markets rose, following recent sector losses and concerns about AI spending and demand.
- AMD’s upbeat outlook offered a counterweight. It is a top holding at 10.78%, but its strength alone has not offset broader sector pressure.