SMH3.L is trading at $7.65 (-5.38%) as investors worry that election results and local restrictions could delay AI data-center construction, threatening future chip demand.
- Weak Qualcomm guidance added pressure to the sector, while Nvidia and other major chipmakers also saw significant declines.
- The sell-off follows a major downturn for the Philadelphia Semiconductor Index, which plunged over 12% on November 5 amid heightening sector-level pressures.