How is SMH stock faring? The VanEck Semiconductor ETF has gained 4.7% over the past five trading sessions and has earned about 44% over the past year.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 are rising today amid a broader market boost as investors reassess the implications of the U.S. attack on Venezuela and President Donald Trump’s vow to “run” and revive the country. Oil majors and energy firms such as Chevron (CVX) and ExxonMobil (XOM) are gaining as investors anticipate shifts in Venezuelan oil output alongside growing American company participation there.
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 $442.44 implies an upside of 16.4%.
Currently, SMH’s five holdings with the highest upside potential are:
- Universal Display (OLED)
- Nvidia (NVDA)
- Marvell Technology (MRVL)
- Broadcom (AVGO)
- Skyworks Solutions (SWKS)
Meanwhile, SMH’s top holdings with the highest downside potential are:
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform market expectations.
Power up your ETF investing with TipRanks. Discover the Best AI ETFs, carefully curated based on TipRanks’ analysis.