SMH.MI is trading at €88.50 (+5.17%) as the semiconductor sector rebounds following a rally in U.S. tech stocks and cooling inflation data.
- The recovery is driven by strong Microsoft earnings and a revival of risk appetite for AI-linked names, helping the sector bounce back from recent lows.
- Yesterday’s sharp selloff, triggered by AI infrastructure cost concerns and geopolitical tensions, is reversing as investors move to buy the dip across the chip sector.
- Improved sentiment regarding inflation has provided additional support for growth-oriented technology stocks and semiconductor manufacturers.