SMH3.L is trading at $12.91 (-9.47%) as hotter-than-expected September inflation revived fears of higher rates and borrowing costs for capital-intensive AI investment.

  • Investors questioned AI infrastructure spending and debt-funded expansion; TSMC’s cautious 2027 tone added sector pressure.
  • The Philadelphia Semiconductor Index fell nearly 1% on October 15, extending its losing streak to seven sessions.
  • Broader U.S. indexes recovered during the same period.