SMGB.L is trading 3.28% down today amid a broad semiconductor selloff rather than an isolated ETF event, as investors reduced exposure to AI-related capital expenditure ahead of NVIDIA’s August 26 earnings.
- Elevated interest rates continued pressuring growth stocks; Samsung’s sharp decline and weakness across memory and chipmakers also weighed on the sector.
- Iran sanctions threats and failed U.S.-Canada trade talks added broader risk-aversion pressure.
- The Nasdaq fell 0.65% and the S&P 500 declined 0.38%, with semiconductor selling the primary driver.