🔴 Semiconductor ETF (SMH.L) is trading 5.12% down on October 23, 2026, on chip supply constraints

SMH.L is trading at $96.91, down 5.12%, as Lam Research’s cautious outlook weighs on chip-sector sentiment.

• Lam Research flagged supply constraints that could limit chip and equipment output into 2027, tempering expectations for AI-driven demand.
• Concerns that enormous AI infrastructure spending may not deliver adequate returns added to the selloff; rising oil prices and geopolitical risks contributed to the wider risk-off mood.