SMH3.L is trading at $19.52, up 7.99%, amid a semiconductor-stock rebound; sector tailwinds do not establish a single cause for the full move.
- Semiconductor stocks rebounded September 29 after the prior session’s selloff, driving most of the Nasdaq’s early gains. Micron, Broadcom and AMD saw elevated trading volumes as investors rotated back into chips.
- Nvidia announced a $150 billion increase to its share-repurchase program; a pullback in oil and technology sentiment also helped the rebound.