SMH.L is trading at $95.33, down 3.93%, amid a global semiconductor selloff triggered by concerns over AI infrastructure returns and Meta’s latest capital expenditure guidance.
- The decline follows a sharp sector drop in Asian markets and reflects growing investor scrutiny regarding the sustainability of massive AI-related capital spending.
- Broader market pressure from heightened Middle East tensions and rising energy prices is further weighing on risk assets and semiconductor stocks.
- This move extends a multi-day downward trend for the sector as investors reassess growth valuations.