🔴 Semiconductor ETF (SMH3.L) is trading 12.14% down on fears restrictions could slow AI data-center construction

SMH3.L is trading at $8.09, down 12.14%, as concerns that election outcomes and local restrictions could slow AI data-center construction weighed on semiconductor shares.

• The Philadelphia Semiconductor Index fell 3.6% on November 4, while broader U.S. stocks rallied.
• Qualcomm’s weaker handset revenue and cautious earnings outlook added sector headwinds after the close.
• As a 3x leveraged long product, SMH3.L magnifies daily moves in its semiconductor exposure, so sector weakness can translate into a sharper ETP decline.