🔴 Semiconductor ETF (SMH3.L) is trading 7.72% down as AI financing and profitability concerns return

SMH3.L is trading at $11.81, down 7.72%, as renewed concern over AI infrastructure financing and profitability weighed on technology and semiconductor shares in Asian trading.

• The concerns reversed Monday’s recovery, with investors focused on AI buildout costs and upcoming technology earnings.
• Monday’s chip rally was a relief rebound after a steep sell-off; Intel’s JPMorgan upgrade and gains across chipmakers supported the session but did not resolve broader AI-spending concerns.