SEMI.AX is trading at A$46.73 (+3.87%) following a sector-wide rebound after Micron Technology reported a strong earnings beat and upgraded AI guidance, easing worries about semiconductor profitability.
- Broader tech sentiment has improved, with Nasdaq-100 futures rising and semiconductor shares recovering after recent selling pressure.
- The ETF is benefiting from a market shift back into AI-linked growth names, while no major Australia-specific catalysts appear to be driving the move independently.