SMH3.L is trading at $15.04 (+5.49%) as lower Treasury yields after Christopher Waller’s comments support growth-stock valuations and risk appetite.

  • Semiconductor shares rebounded on September 3, with the Philadelphia Semiconductor Index gaining 0.45% and NVIDIA rising 3.20%.
  • Strong Dell results reinforced broadening AI demand.
  • Broadcom weakness limited the sector rebound.