SMH3.L is trading at $20.55 (+4.36%) as renewed optimism around AI infrastructure demand lifts semiconductor shares. - AMD surpassed a $1 trillion market valuation; the Philadelphia Semiconductor Index gained 4.29%, with Nvidia, TSMC, Intel, Arm, and Micron advancing. - Falling oil prices and lower Treasury yields are supporting risk appetite by easing inflation concerns. Limited scheduled economic data leaves sector momentum and macro headlines dominant. - As a leveraged product, SMH3.L amplifies the underlying semiconductor move.