How is SMH ETF faring? The VanEck Semiconductor ETF has lost nearly 5% over the past five trading sessions but has earned about 46% 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 $111 million, while over the past three months, it has reported net inflows of about $2 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 Strong Buy. The Street’s average price target of $427.75 implies an upside of nearly 22%.
Currently, SMH’s five holdings with the highest upside potential are:
- Universal Display (OLED)
- Nvidia (NVDA)
- Marvell Technology (MRVL)
- Broadcom (AVGO)
- Advanced Micro Devices (AMD)
Meanwhile, SMH’s top holdings with the highest downside potential is Intel (INTC)
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform market expectations.
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