How is SMH stock faring? The VanEck Semiconductor ETF has declined 1.7% over the past five days but remains up 34% year to date.
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What Moved the Market
The SMH ETF tracks the performance of the MVIS US Listed Semiconductor 25 index. Recently, it has drawn considerable attention due to high-profile deals being conducted in the AI sector. The ETF is moving higher today, likely due to strong investor enthusiasm for the stocks included in the index.
Software giant Oracle (ORCL) announced it will deploy 50,000 Advanced Micro Devices (AMD) graphics processors starting in the second half of 2026. The news has pushed both AMD and ORCL stock higher in pre-market trading, providing an additional boost to the SMH ETF.
Today’s SMH ETF Performance
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, SMH is a Moderate Buy. The Street’s average price target of $346.40 implies an upside of about 4%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Synopsys (SNPS), Texas Instruments (TXN), Analog Devices (ADI), and Microchip Technology (MCHP).
Its five holdings with the greatest downside potential are Intel (INTC), Lam Research (LRCX), Teradyne (TER), Applied Materials (AMAT), and Monolithic Power (MPWR).
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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