VanEck Semiconductor ETF Surges on Strong AI Leaders

VanEck Semiconductor ETF ( $SMH ) has risen by 9.16% in the past week. It has experienced a 5-day net inflow of $384.28 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation extended its lead in the AI boom, regaining the title of the world’s most valuable listed company as its market cap climbed back above $5 trillion, with shares up about 20% in the past month and roughly 1,200% over five years. Despite this meteoric rise and concerns from bears like Michael Burry, Wall Street still rates the stock a Strong Buy, with an average target of $273.57 implying about 31% further upside.
• Taiwan Semiconductor Manufacturing Company Limited surged nearly 10% over the week, helped by a rule change in Taiwan that lets domestic funds raise single‑stock exposure to 25%, likely channeling significant inflows to the country’s largest listing. The gain builds on blockbuster results – Q1 profit jumped 58% and revenue 35% year‑on‑year, with AI and high‑performance computing now 61% of sales – plus plans for a new advanced‑packaging plant in Arizona by 2029 and ongoing insider share buying, all underpinned by a Strong Buy analyst consensus and double‑digit upside targets.
• Broadcom Inc. strengthened its position in cloud and AI infrastructure by deepening its partnership with Google Cloud, launching Cloud Network Insights – a new observability service built on its AppNeta technology – which lifted the shares more than 3%. This builds on an earlier long‑term deal to supply Google’s custom AI chips and networking gear through 2031 and support agentic AI tools, with analysts maintaining a Strong Buy view on Broadcom and forecasting further upside as it embeds itself deeper into hyperscale data‑center architectures.