SMH.MI is trading at €91.91, down 5.74%, amid a broad semiconductor retreat as rising Treasury yields intensified pressure on high-growth technology shares.
- Philadelphia Semiconductor Index fell 4.98% on August 18, with all 30 components declining as investors took profits and questioned elevated AI-related valuations.
- The 30-year Treasury yield reached its highest level since 2007; higher oil prices and worsening U.S.-Iran tensions intensified pressure, while Nvidia, Broadcom, and Micron weakened.