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VanEck Semiconductor ETF (SMH) Rises 3.6% Amid AI Sector Momentum
VanEck Semiconductor ETF (SMH) Rises 3.6% Amid AI Sector Momentum
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BTCCSquare news:
The VanEck Semiconductor ETF (SMH) continues its strong performance with a 3.6% gain over the past five days, fueled by Intel's robust quarterly results. Year-to-date, the ETF remains up nearly 49%, reflecting sustained investor confidence in semiconductor stocks.
Market sentiment shows mixed flows—$81.11 million in net outflows over five days contrasts with $2 billion in net inflows across three months. Analysts maintain a Moderate Buy rating, projecting a 5.3% upside to a $379 average price target.
Key holdings with high upside potential include Nvidia and STMicroelectronics, while Intel and Applied Materials lag. The ETF's trajectory underscores the semiconductor sector's pivotal role in AI-driven market trends.
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