🔴 Semiconductor ETF (SMGB.L) is trading 4.87% down as investors question AI infrastructure returns

SMGB.L is trading at £72.53, with a -4.87% change, as investors question whether heavy AI infrastructure spending will produce adequate returns.

• Lam Research’s cautious outlook added pressure, while Asian chipmakers SK Hynix and Samsung also fell.
• The Nasdaq fell 2.60% on October 22 amid a broader technology selloff, as investors weighed AI investment costs alongside renewed geopolitical and oil-price concerns.