SMH.L is trading 3.2% up today as renewed confidence in AI infrastructure demand lifts semiconductor stocks.
- Anthropic’s strong revenue outlook supported the technology complex; Micron and Broadcom were notable premarket gainers, while NVIDIA advanced modestly.
- Softer inflation, weaker retail sales, and lower expectations for a September Federal Reserve rate hike added a growth-stock tailwind.
- The move was sector-led: Nasdaq rose modestly, while the S&P 500 and Dow fell.