SMH.MI is trading at €90.37, down 4.3% today, as the VanEck Semiconductor ETF tracks a broader retreat across the global chip industry.
- The decline reflects mounting investor anxiety regarding rich valuations, massive AI-related capital expenditures, and the impact of rising interest rates.
- Heavy selling in major industry leaders, including TSMC and Korean semiconductor stocks, is being further pressured by escalating geopolitical tensions in the Middle East.