🔴 Semiconductor ETF (SMH.L) is trading 3.13% down as AI regulation fears pressure chip stocks

SMH.L is trading at $92.10, down 3.13%, as concerns that a Democratic sweep could bring tighter AI and data-center regulation weigh on semiconductor shares despite broad-market gains.

• Asian chip stocks also sold off on those fears.
• AMD rallied on strong results and an upbeat outlook, while investors awaited Qualcomm earnings.
• The divergence points to sector-specific positioning and regulatory uncertainty, rather than a broad-market decline.