VanEck Semiconductor ETF Sees Mixed Performance Amid Fund Outflows

VanEck Semiconductor ETF ( $SMH ) has risen by 1.15% in the past week. It has experienced a 5-day net outflow of $152.01 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation has experienced a significant surge in its stock price, rising by 94% since April, driven by the lifting of export restrictions to China, increased spending by hyperscalers, and strategic deals in the Middle East and Europe. The U.S. Commerce Department’s decision to issue licenses for Nvidia to export its H20 chips to China is expected to further boost revenue. As the company approaches its Q2 FY 2026 earnings report, analysts are optimistic, projecting a 47% year-over-year growth in earnings per share and a 52.3% increase in revenue. Investor Bohdan Kucheriavyi remains bullish, suggesting that Nvidia’s stock is still undervalued and has room to grow, especially with the potential return of Chinese sales and strong performances from partners like ASML and TSMC.
• Taiwan Semiconductor Manufacturing Company Limited (TSMC) reported a remarkable 26% increase in July sales, fueled by strong demand for AI chips. The company’s revenue for the first seven months of 2025 reached NT$2.096 trillion, marking a 37.6% increase from the previous year. TSMC’s stock hit a record high, gaining nearly 5%, after being exempted from the U.S. tariffs due to its commitment to domestic manufacturing. The company continues to see robust growth driven by AI demand, with expectations of significant revenue growth in the coming quarters. Analysts maintain a ‘Buy’ rating on TSMC stock, highlighting its strong financial performance and strategic positioning in the semiconductor industry.
• Broadcom Inc. was not mentioned in the provided news release texts, so no recent news or developments could be summarized for this company.