SMH3.L is trading at $14.73, down 4.23%, as concerns over CXMT’s progress in denser DRAM technology heightened competition worries for memory-chip makers.
- The Philadelphia Semiconductor Index extended its losing streak, with Micron among the stocks under pressure.
- Investors reassessed AI infrastructure spending after industry leaders warned financing could constrain the buildout. Broader indexes were nearly flat, suggesting sector-specific pressure was the main catalyst.