🔴 Semiconductor ETF (SMH.MI) is trading 4.85% down on October 23, 2026, amid AI infrastructure spending concerns

SMH.MI is trading at €86.59 (-4.85%), following the October 22 semiconductor-sector selloff amid concerns about the profitability of AI infrastructure spending and Lam Research’s outlook.

• Lam Research beat estimates, but supply constraints and limited upside in its forecast weighed on chip shares broadly.
• Reports of tanker damage in the Strait of Hormuz pushed oil higher, while U.S. equities declined, adding to broader risk aversion.