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The VanEck Semiconductor ETF has surged over 80% since June 2023, and it is time for some caution. The reason is that the market seems to be favoring chips at the expense of software, something which is illogical. Therefore, there could be a correction in the chip space to the benefit of application software plays.
The winners are broad-based across the sectors, with technology being the star performer in the first half of 2024. Here, we present a bunch of top-performing ETFs from various corners of the market.
VanEck Semiconductor ETF SMH is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 104% from its 52-week low price of $136.10/share.
CNBC's Kristina Partsinevelos joins ‘Halftime Report' to discuss the latest news on the semiconductor sector.
Wall Street was moderately upbeat last week. The tech rally mainly pushed up the S&P 500 and the Nasdaq.
The VanEck Semiconductor ETF (SMH) was launched on 12/20/2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Semiconductors segment of the equity market.
Semiconductor companies are thriving this year as demand for artificial intelligence (AI) continued rising. Nvidia (NASDAQ: NVDA) stock has gone bonkers, giving it a valuation of about $3 trillion while Broadcom is valued at over $700 billion.
The large-cap space have been the clear leader this year. We have highlighted some solid reasons for their outperformance.
VanEck Semiconductor ETF invests in the semiconductor sector. That level of focus can increase investment risk by limiting diversification.
Mary Ann Bartels, Sanctuary Wealth chief investment strategist, joins 'Power Lunch' to discuss markets, retail, and leading sectors.