SEMI.AX is trading 3.9% up today as global semiconductor stocks rebound following Micron Technology’s strong earnings beat and positive AI memory outlook.
- The fund is reacting to improved sentiment surrounding AI infrastructure and memory demand after Micron reported better-than-expected results and guidance.
- This move serves as a relief rally for the sector following a sharp multi-day selloff, with investors rotating back into AI-related chip leaders.
- The ETF provides diversified exposure to the semiconductor industry, which is currently benefiting from a recovery in risk appetite for tech hardware.