SMH.MI is trading at €101.25, up 3.01%, as renewed AI-capex expectations and improving storage-market momentum support semiconductor strength.
- The broader chip complex remains resilient despite sharply higher Treasury yields, with investors favoring structural AI demand.
- Nvidia slipped modestly in U.S. trading, so the move appears sector-wide rather than driven by one dominant holding.
- The 10-year Treasury yield near 5.15% continues pressuring high-growth valuations.