How is SMH stock faring? The VanEck Semiconductor ETF has gained 2% over the past five days and remains up 43% year-to-date.
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What Moved the Market
The SMH ETF tracks the performance of the MVIS US Listed Semiconductor 25 index. Recently, it has drawn considerable attention due to high-profile deals being conducted in the AI sector. The ETF is moving lower today, mostly due to the broader sell-off in chip stocks including Nvidia (NVDA), Intel (INTC), and Micron (MU).
Reports that the Trump administration is considering placing curbs on software exports to China have shaken investor confidence. These curbs could include products such as laptops, jet engines, and potentially tools involving advanced computing and artificial intelligence.
Today’s SMH ETF Performance
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, SMH is a Moderate Buy. The Street’s average price target of $380.50 implies an upside of 12.4%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Nvidia (NVDA), STMicroelectronics (STM), Synopsys (SNPS), and NXP Semiconductors (NXPI).
Its five holdings with the greatest downside potential are Intel (INTC), Skyworks Solutions (SWKS), Lam Research (LRCX), KLA Corporation (KLAC), and Applied Materials (AMAT).
Revealingly, SMH’s ETF Smart Score is Nine, implying that this ETF is likely to outperform the market.
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