🔴 Semiconductor ETF (SMH.MI) is trading 3.24% down on fears of tighter AI and data-center rules

SMH.MI is trading at €79.80 (-3.24%) as election results heightened concerns about tighter AI and data-center rules, contributing to chip-sector weakness.

• The Philadelphia Semiconductor Index fell 3.1% on November 4, even as the broader U.S. market rose.
• Investors also weighed potential state-level restrictions and permitting delays that could slow data-center construction and semiconductor demand. NVIDIA and Micron fell, and the Asian semiconductor selloff extended into November 5.