How is SMH ETF faring? The VanEck Semiconductor ETF has gained 3.8% over the past five trading sessions but has earned about 44% year-to-date.
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Fund Flows and Sentiment
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.
Over the past five days, the SMH ETF has witnessed net outflows of roughly $1 billion over AI bubble concerns, while over the past three months, it has reported net inflows of about $3 billion.
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 $409.02 implies an upside of nearly 18%.
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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