SMH.L is trading at $98.77, down 5.52%, as doubts over returns from massive AI infrastructure spending weigh on chips.

  • Alphabet, Amazon and Intel results renewed cash-flow and outlook concerns; chips were pressured during Thursday’s U.S. session.
  • Intel’s weak forecast and Amazon’s spending outlook deepened the after-hours selloff, spreading to Asian semiconductor shares. Samsung Electronics and SK Hynix fell as investors reassessed AI demand and customer spending. Live price; the ETF’s latest completed close was October 28.