🔴 Semiconductor ETF (SMH3.L) is trading 7.67% down as AI spending concerns pressure chip stocks

SMH3.L is trading at $8.73, down 7.67%, as renewed selling in AI-related technology shares pressured chip stocks.

• On November 2, the Philadelphia Semiconductor Index fell about 3.4% in one report; chip stocks reversed early gains amid renewed selling in AI-related technology shares.
• Heavy AI infrastructure spending may not produce adequate returns. Intel’s weak outlook and PC-demand concerns added pressure; AMD and Micron also fell as markets watched AMD’s upcoming earnings.