SMH.MI is trading at €88.18, down 5.87%, as broad semiconductor and technology selling reflects concerns that heavy AI infrastructure spending may not generate adequate returns.

  • Weak outlooks from Intel, Amazon, and Alphabet intensified concerns; Intel shares fell more than 20% after weak fourth-quarter guidance.
  • Samsung Electronics and SK Hynix also fell as risk aversion spread in Asia, pointing to sector-wide pressure rather than an ETF-specific catalyst.