SMGB.L is trading down about 3.3%, pulling back after a sharp rebound late last week driven by strong mega-cap tech earnings and cooling inflation data.

  • Today’s weakness reflects profit-taking and sector consolidation as investors reassess valuations in AI- and chip-related names.
  • The pullback in the semiconductor sector occurs despite broader equity indices trading modestly higher on easing geopolitical tensions and stabilizing macro sentiment.