🟢 Semiconductor ETF (SEMI.AX) is trading 3.76% up on renewed AI chip demand hopes

SEMI.AX is trading at A$36.14, up +3.76%, driven by a global semiconductor rally after OpenAI’s GPT-6 Astra announcement renewed expectations for AI-related memory and chip demand.

• The Philadelphia Semiconductor Index rose 3.38%, while Micron, Samsung Electronics, and SK hynix advanced sharply.
• Asian chip stocks extended the move on September 7, with South Korea’s KOSPI gaining 4.61% and SK hynix rising more than 8%.
• Sector-wide strength was the primary driver despite broader rate-hike concerns.