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These two ETFs offer different approaches to investing in them. They're the two largest semiconductor ETFs.
The Fed kicked off the new rate cycle era, infusing strong optimism into the stock market, with the technology sector being the biggest winner.
Even with recent pullbacks, Nvidia (NVDA) and some other well-known semiconductor equities rank among this year's best-performing large-cap stocks. That status implies it's potentially difficult to find attractively valued ETF names in this group.
ETFs are an easy way for anyone to invest. Several "AI ETFs" have underperformed the market recently.
All of Wall Street was waiting for Nvidia's earnings report with bated breath, and the dust has only just started to dissipate more than a week after the tech company reported earnings.
Interest rates are residing at the highest levels in two decades. Also, there's some evidence of cooling in the labor market.
The VanEck Semiconductor ETF (SMH) remains in the spotlight on Wednesday after tumbling more than 7% yesterday to register its largest daily percentage decline since March 2020 amid a broad-based selloff in chip stocks. The top-weighted stock in the fund, artificial intelligence (AI) darling Nvidia (NVDA), led the sell-off, slumping nearly 10%, while other leading chipmakers in the ETF's portfolio, including Intel (INTC), Marvell Technology (MRVL) and Micron (MU), all dropped by around 8%.
China is only 3 years behind the West when it comes to chip technology. What will happen to the US chip stocks when China takes the lead?
The VanEck Semiconductor ETF (SMH) will be on the spotlight as traders assess the impact of Wednesday's Nvidia earnings. The ETF, which tracks the biggest semiconductor companies, was trading at $240, down by over 14% from its highest point this year.
On Wednesday, VanEck launched the VanEck Fabless Semiconductor ETF (SMHX), the latest player in a roster of thematic equity ETFs. SMHX seeks to generate similar price and yield results to the MarketVector US Listed Fabless Semiconductor Index.