🔴 SMH.MI is trading 8.72% down today as AI infrastructure concerns and post-election scrutiny hit chip stocks

SMH.MI is trading at €75.28 (-8.72%) as semiconductor shares sell off globally amid fears that post-election scrutiny could delay U.S. data-center construction and weaken AI-chip demand.

• The Philadelphia Semiconductor Index fell 12.25% and Nvidia dropped 9.26% on November 5 as investors questioned whether massive AI infrastructure spending will deliver sufficient returns.
• Pressure on the sector intensified following Qualcomm’s weak handset-chip outlook, extending a rout that saw major Asian chipmakers including Samsung and SK Hynix fall sharply on November 6.