SMH.MI is trading 6.1% higher at €101.69 as global semiconductor stocks rebound from a sharp sector-wide selloff earlier in the week.
- The move is primarily driven by news of Meta’s in-house AI chip development plans and Micron’s massive investment in U.S. manufacturing.
- The positive sentiment has lifted the PHLX Semiconductor Index and broader Nasdaq semiconductor benchmarks, supporting the ETF's gains on July 10, 2026.