🔴 SMGB.L is trading 3.3% down today on profit-taking after AI-driven rally

SMGB.L is trading 3.3% down today as the semiconductor sector pulls back following last week's significant AI-driven rally.

• The decline reflects widespread profit-taking after recent gains tied to Meta’s new AI chip plans and Micron’s massive AI memory investment.
• The move follows a broader pause in global chip benchmarks and the PHLX Semiconductor Index after a period of sharp outperformance.