🔴 SMGB.L is trading 4.0% down today on AI valuation concerns and NASDAQ weakness

SMGB.L is trading at $90.25 (-4.05%) as semiconductor names face a broader pullback following a rotation away from AI-related stocks.

• The move aligns with a weakening in NASDAQ-100 futures and sector-wide de-risking after the prior session’s sharp rally.
• Sentiment was also pressured by AI valuation concerns, which left the ETF vulnerable to profit-taking.