SMH.L is trading at $84.46 (-8.74%) as investors fear election-related restrictions could delay U.S. data-center construction and weaken demand for AI infrastructure.
- Market sentiment soured as investors reassessed the sustainability and returns of heavy AI investment, triggering a semiconductor selloff that spread from Wall Street to Asian chipmakers.
- Sector pressure was compounded by Qualcomm’s weak handset-chip outlook, dragging down major industry players including Nvidia amid broad market selling.