🔴 Semiconductor ETF (SMH3.L) is trading 4.7% down today after AI leaders urge slower frontier-AI development

SMH3.L is trading at $14.01, down 4.73%, as semiconductor and AI-linked stocks sell off globally.

• AI leaders, including Dario Amodei, Sam Altman, and Elon Musk, urged a slower pace of frontier-AI development, raising concerns about future AI infrastructure and chip demand.
• Nasdaq futures are down roughly 1.5%, reflecting weak technology futures.
• Rising oil prices and geopolitical risk further weaken overall risk sentiment.