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VanEck Semiconductor ETF (SMH) Rides AI Optimism to 6.6% Weekly Gain

VanEck Semiconductor ETF (SMH) Rides AI Optimism to 6.6% Weekly Gain

Author:

Global Cryptocurrency

Published:

2025-10-29 18:12:02

15

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BTCCSquare news:

The VanEck Semiconductor ETF (SMH) surged 6.6% this week, fueled by Nvidia's landmark $5 trillion valuation and AI breakthroughs unveiled at its GPU Technology Conference. Year-to-date gains now approach 50% as the semiconductor sector capitalizes on accelerating demand for AI infrastructure.

Nvidia's keynote on quantum computing and robotics advancements ignited broad tech sector momentum. STMicroelectronics, Universal Display, and Synopsys lead SMH components with highest upside potential, according to analyst targets.

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