SMH3.L is trading at $20.58, up 7.24%, as a broad semiconductor rebound lifts the ETP. - The Philadelphia Semiconductor Index rose 1.4% on September 25 after two down sessions; Credo Technology, Qualcomm, and Tower Semiconductor were among the gainers. - AI-related technology strength and renewed investment in semiconductor and AI infrastructure supported the sector, while the wider market also advanced on Friday. - The ETP’s 3x long exposure can magnify underlying semiconductor moves; available evidence points to sector momentum rather than a distinct SMH3.L-specific catalyst.