SMH3.L is trading at $17.74, up 3.17%, as semiconductor shares continued advancing on stronger expectations for AI infrastructure and memory-chip demand.
- Asian leaders SK Hynix and Samsung Electronics rallied sharply; U.S. chip stocks including Intel, AMD, and Broadcom also gained.
- A new Qualcomm–Amazon Web Services custom-AI-silicon collaboration added sector support.
- Higher oil prices, elevated Treasury yields, and weaker broader U.S. equities remain offsetting risks. The move reflects broad sector strength rather than an isolated fund event, with AI-related demand expectations dominating sentiment.