SMGB.L is trading at £73.07 (-3.67%) amid a broad semiconductor sector selloff and mounting concerns over AI infrastructure spending.

  • U.S.-listed chip stocks and AI names are under renewed pressure, dragging down semiconductor ETFs globally as sentiment weakens around major chipmakers.
  • Broad tech weakness is weighing on the fund, with the Nasdaq Composite falling 1.15% as investors rotate away from growth stocks toward the Dow.