How is SMH stock faring? The VanEck Semiconductor ETF has gained 6.6% over the past five days and remains up nearly 50% 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 SMH ETF is moving higher today primarily because of renewed optimism in the AI and technology sectors stemming from Nvidia’s (NVDA) GTC (GPU Technology Conference) held from October 27–29, 2025, in Washington D.C. At this event, Nvidia CEO Jensen Huang delivered a keynote highlighting significant advancements in AI, robotics, quantum computing, and telecommunications. Additionally, Nvidia’s market capitalization crossed $5 trillion, making it the world’s most valued company.
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 $376.02 implies an upside of 1.6%.
Currently, SMH’s five holdings with the highest upside potential are STMicroelectronics (STM), Universal Display (OLED), Synopsys (SNPS), Microchip Technology (MCHP), and NXP Semiconductors (NXPI).
Its five holdings with the greatest downside potential are Intel (INTC), KLA Corporation (KLAC), Skyworks Solutions (SWKS), 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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