🟢 Semiconductor ETF (SMH.L) is trading 3% up after in-line U.S. CPI supports rate-sensitive tech stocks

SMH.L is trading 3% up after July U.S. CPI matched expectations, easing immediate fears of a renewed inflation shock and supporting rate-sensitive technology stocks.

• Headline CPI rose 0.1% month over month and 3.4% year over year, while core CPI increased 0.2% monthly and 2.5% annually.
• AI infrastructure optimism strengthened after CoreWeave and Super Micro results.
• Premarket gains in Micron and NVIDIA, two important sector drivers, are also supporting sentiment.