SMH.L is trading 3.1% up today as semiconductor shares outperform, led by NVIDIA’s 1.8% gain after its reported $12.9 billion Hugging Face acquisition.
- Broader AI-demand optimism supports the sector; semiconductor revenue growth and custom-accelerator demand remain strong.
- Hotter August payrolls are pushing Treasury yields and September Fed-hike expectations higher, creating a counterforce.
- Broadcom’s weaker guidance limits upside.