VanEck Semiconductor ETF Sees Strong Inflows Amid AI Surge

VanEck Semiconductor ETF ( $SMH ) has risen by 0.70% in the past week. It has experienced a 5-day net inflow of $766.85 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation remains Wall Street’s flagship AI chip play, even after a 75% one-year surge and recent 4% pullback that traders see as technical. Analysts keep a Strong Buy rating, with about 35% upside to a $274–$300 target range, backed by forecasts of more than $400 billion in free cash flow and tight supply for its Hopper, Blackwell and future Vera Rubin platforms.
• Taiwan Semiconductor Manufacturing Company Limited is riding both policy support and the AI boom, with local rule changes enabling bigger single‑stock fund exposure and strong Q1 results lifting shares roughly 10% in a week. Despite mixed options signals and some hedge‑fund profit‑taking, Wall Street targets near $470–$490 and new A13 process plus Arizona packaging plans keep TSMC positioned as a core long‑term AI and high‑performance computing foundry.
• Broadcom Inc. is emerging as a major AI hardware beneficiary, posting record quarterly revenue of $19.3 billion, guiding to $22 billion next quarter and projecting more than $100 billion in AI chip sales by 2027. After more than doubling over 12 months and up about 17% year‑to‑date, the stock still carries a Strong Buy rating, with investors betting that its custom chips for hyperscalers can challenge Nvidia and deliver further gains.