SMGB.L is trading around $93.17, up 4.9% today as sentiment improves across the semiconductor sector following a sharp sell-off tied to AI profitability and valuation concerns.
- The rebound is driven by optimism ahead of Micron and Qualcomm earnings, which has restored confidence in the demand for AI memory and data-center chips.
- Tech-led futures indicate a strong recovery for the sector after recent worries regarding stretched valuations and long-term AI profitability.