SMGB.L is trading 6.2% up today as global chip stocks rally, reversing the early-July selloff on the back of strong AI demand and sector optimism.
- Gains in major U.S.-listed holdings including Nvidia, Broadcom, TSMC, and Micron are driving the move.
- A 3%+ jump in the PHLX Semiconductor Index further supports today’s strength as the fund tracks the MarketVector US Listed Semiconductor 10% Capped Screened index.