SMH3.L is trading at $17.60 (-3.79%) as semiconductor shares weakened ahead of the August 12, 2026 CPI report, which could shift Federal Reserve rate-cut expectations.
- Intel declined 4.1% after its $20 billion stock offering, adding pressure to the sector.
- Concerns about AI-capital-spending sustainability also weighed on semiconductor shares.
- SMH3.L targets three times the daily return of the VanEck Semiconductor ETF, amplifying the underlying sector move.