SMH.L is trading at $101.56 (-3.31%) as investors reduce growth-stock exposure amid elevated long-term Treasury yields, geopolitical uncertainty surrounding Iran, and failed U.S.-Canada trade talks.
- Nasdaq weakness confirms a broader technology-sector decline, not an isolated ETF issue.
- Recent PHLX Semiconductor Index weakness spans memory producers and leading AI-chip companies.
- Ahead of NVIDIA’s August 26, 2026 earnings, cautious positioning is increasing AI and semiconductor volatility; results pose near-term risk, but no company-specific announcement explains the full decline.