SMH.MI is trading 3.7% down today as part of a broad, global semiconductor selloff driven by mounting concerns over heavy AI infrastructure spending, Chinese competition, and recent U.S. trade tariffs.
- Investors are rotating out of growth and chip names as the Federal Reserve begins a key meeting, pressuring major holdings including Nvidia and Micron.
- Geopolitical tensions around Iran and the Strait of Hormuz are keeping risk appetite subdued, further pulling semiconductor ETFs lower.