SMH.MI is trading €90.54 (+3.17%) as semiconductor stocks rebound after the September 3 technology-led Nasdaq rally, which lifted chip-sector momentum.

  • NVIDIA is supporting the group with a 1.8% gain after its $12.9 billion Hugging Face acquisition.
  • Broadcom weakness after softer guidance is limiting the advance, while broader AI demand remains supportive.
  • Rising Treasury yields and the stronger August jobs report are creating a macro headwind.