🔴 Semiconductor ETF (SMH3.L) is trading 5.75% down today as macro pressure hits leveraged semiconductor exposure

SMH3.L is trading at $16.72, down 5.75%, as broader macro pressure weighs on leveraged semiconductor exposure.

• AI infrastructure spending and strong memory-chip demand remain supportive; constrained HBM, DRAM, and NAND supply benefits memory suppliers.
• Recent AI-server backlog data remains supportive.
• September 8’s equity selloff, firmer bond yields, elevated oil prices, and weaker U.S. index futures are weighing on risk sentiment; the 3x structure can amplify swings.