SMH3.L is trading 2.4% up today, rebounding after a sharp drop on June 23 linked to an aggressive global tech and semiconductor sell-off.

  • The move reflects slightly firmer pre-market sentiment in U.S. equity futures and semiconductors following yesterday’s AI-driven tech rout.
  • The prior day’s nearly 18% slide still dominates the recent trend, highlighting the volatility inherent in the ETP's 3x leveraged exposure to the VanEck Semiconductor ETF.