SMH.L is trading at $96.24, down 7.94%, as Intel’s weak outlook intensified concerns about PC demand and chip-sector conditions. - Results from Alphabet and Amazon renewed doubts that enormous AI infrastructure spending will generate adequate returns, weighing on chipmakers and related suppliers. - Nvidia, Broadcom, AMD and Micron all fell sharply in Friday’s sector-wide selloff. - Latest reporting describes Monday futures as higher after October’s AI-driven rout; the ETF quote may reflect earlier selling rather than a fresh Monday catalyst.