SMH Stock Recent News
SMH LATEST HEADLINES
Stacy Rasgon, Bernstein Research, joins 'Closing Bell' to discuss the setup for the semis trade amid a possible tariff.
Semiconductor ETFs are attracting investor attention this week as the industry finds itself at the focal point of global trade tensions. U.S. President Donald Trump is poised to announce new tariff levels on foreign semiconductors within days, a move that could remake supply chains and spook markets already nervous following recent trade volatility.
Wall Street logged the best week since 2023 despite tariff turmoil and wild market swings. Technology, industrials and financials sectors topped the chart.
Glen Kacher, Light Street Capital founder, joins 'Closing Bell' to discuss the tech trade and Trump's tariffs.
China hit back with 125% tariff on the U.S. after the latter imposed 145% duty on Chinese goods.
Semiconductor stocks led the Nasdaq recovery on April 9.
Recent developments have made the return/risk ratio from SMH far more attractive than that from the general tech sector represented by QQQM. The market has overacted to the near-term impacts from tariff rates while underestimating the secular growth potential for the holdings in SMH. The holdings in SMH play a foundational role in the exponential growth of our digital future, such as AI applications.
Based on an ideal impulse path lower, we expect the SOX to bottom around 3,253+/-70, and then rally back to $5,000-$5,700.
On this week's episode of ETF Prime, host Nate Geraci sat down with Roxanna Islam, head of sector & industry research at VettaFi. She offers insights on how the recent tariffs announcement could impact ETFs.
The ongoing tariff/ trade war and the higher recessionary risks may trigger a painful "wave of order cancellations through the supply chain," contributing to SMH's steep selloff. It remains to be seen if the AI spending trends and the ongoing data center capex boom may be durable, with it potentially impacting the semiconductor company's future performance. Even so, SMH remains attractive due to the top three holdings' cheap valuations and oversold status, compared to historical trends.