SMH.MI is trading at €91.05 (+3.36%) as semiconductor shares rebound following a risk-on rally and easing geopolitical tensions.

  • Lower oil prices and firmer U.S. pre-market futures are supporting growth stocks and reinforcing a broad technology bid.
  • The move tracks the sector’s strong momentum from last week’s AI-driven gains as investors rotate back into chips after recent consolidation.
  • The gains help reverse yesterday's broad semiconductor weakness in Asia, providing further support for the ETF.