SMH3.L is trading at $18.08, down 12.16%, as semiconductor stocks weakened more than the wider technology market.

  • On September 28, rising Treasury yields and renewed inflation fears added pressure to rate-sensitive growth shares.
  • Reports also cited heightened AI safety concerns; Nvidia rose on its buyback news, making the weakness broad but not universal.
  • SMH3.Lā€™s 3x leverage amplifies semiconductor moves, but cited reporting does not establish the exact attribution for its full decline.