🟢 Semiconductor ETF (SMH.MI) is trading 3.1% up on August 17, 2026 as chip stocks rebound from valuation pullback

SMH.MI is trading at €97.65, up +3.06% as chip stocks recover from the recent AI-spending and valuation pullback.

• The Philadelphia Semiconductor Index is rebounding toward 12,000 after a sharp correction.
• NVIDIA is modestly higher, while broader chip-sector momentum appears to be driving the ETF rather than a single-company announcement.
• Softer retail sales and reduced September Fed-hike expectations are supporting growth-stock sentiment despite mixed major indexes.