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SMH LATEST HEADLINES
The semiconductor sector has reported a massive reversal after the worst of the market-wide meltdown in April 2025 and the market's fears surrounding the potentially slowing AI spending cadence. With SMH's top three holdings delivering double beat performances and raised future guidance, it is unsurprising that the consensus have raised their forward estimates. On the other hand, it is apparent that their rallies may have occurred overly fast and furious, as observed in the ETF's expensive valuations compared to its peers.
Even a pullback to $4925+/-100 can still allow for a rally to $5700.
Brad Gerstner, Altimeter Capital Founder & CEO, joins CNBC's "Halftime Report" to discuss his AI strategy.
The semiconductor sector is regaining momentum, with stocks like Nvidia (NASDAQ: NVDA) rallying as part of a broader push to reclaim their strong performance from early 2024.
Patrick Moorhead, Moorhead Insights and Strategy CEO and chief analyst, joins 'Closing Bell Overtime' to talk chip stocks and if the sector can keep running.
The Nasdaq's "V" bottom recovery has defied bearish predictions, driven by a pause in tariffs and strong tech earnings, particularly in AI sectors. Semiconductor investors should stay confident, as AI growth fears were overstated, with Nvidia's transition to Blackwell and TSMC's investments anchoring the AI thesis. Despite cyclical headwinds in non-AI segments, the semiconductor industry's forward P/E and PEG ratios suggest a buying opportunity, with resilient price action supporting this view.
The U.S. and China agreed to reduce tariffs on each other's goods for 90 days, boosting global equity markets and easing trade tensions. U.S. tariffs on Chinese imports will drop from 145% to 30%, while China will cut tariffs on U.S. goods from 125% to 10%. The tariff reductions are expected to lower input costs, alleviate supply chain pressures, and enhance cross-border commerce in key industries.
With the U.S. and China hitting pause on tariffs, markets are breathing a sigh of relief. Here are three ETF that strategies investors can follow to capitalize on the trade truce.
Rallies, then sharp pullbacks seem to be the norm for the stock market these days.
Subscribers to Chart of the Week received this commentary on Sunday, May 4.