How is SMH stock faring? The VanEck Semiconductor ETF has gained 5.5% over the past five trading sessions but has earned about 46% 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 major developments in the AI industry.
Shares of semiconductor companies and Bitcoin (BTC-USD) are falling today amid a broader market decline. Stocks are entering December on a negative note as volatility continues.
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 Strong Buy. The Street’s average price target of $409.43 implies an upside of nearly 17%.
Currently, SMH’s five holdings with the highest upside potential are:
- Universal Display (OLED)
- Nvidia (NVDA)
- Microchip Technology (MCHP)
- STMicroelectronics (STM)
- Synopsys (SNPS)
Meanwhile, SMH’s top holdings with the highest downside potential are:
Revealingly, SMH’s ETF Smart Score is Seven, implying that this ETF is likely to perform in line with market expectations.
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