SMH3.L is trading at $18.61, up +33.85%, driven by renewed AI-demand optimism.

  • TSMC reported August revenue up 53.3% year over year, supporting semiconductor shares.
  • NVIDIA and TSMC strength, firmer Asian equities, positive U.S. futures, and improving U.S.-China sentiment are supporting the sector.
  • The move is amplified by SMH3.Lā€™s 3x daily leverage.