Massive AI Boom Sends Semiconductor ETF Skyrocketing: It's Not Just Nvidia
Portfolio Pulse from Piero Cingari
The artificial intelligence boom has driven the VanEck Semiconductors ETF (SMH) up 44% YTD, with a 17% increase in the last month. The ETF's assets under management reached $9.54 billion at the end of May. NVIDIA (NVDA) has been a significant driver, with its shares soaring 164% YTD.
May 31, 2023 | 8:31 pm
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NEUTRAL IMPACT
QUALCOMM Inc. (QCOM) has risen 5% YTD, making it the weakest performer among chipmakers.
QUALCOMM Inc. (QCOM) has risen 5% YTD, making it the weakest performer among chipmakers. While this is still a positive return, it is not as significant as other companies in the semiconductor industry, and its impact on the VanEck Semiconductors ETF (SMH) performance is likely to be limited.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Advanced Micro Devices (AMD) shares have risen 85% YTD, trailing NVIDIA's (NVDA) 164% YTD increase.
Advanced Micro Devices (AMD) has seen its shares rise 85% YTD, which is a significant increase but still trails NVIDIA's (NVDA) 164% YTD increase. This shows that while AMD is performing well, it is not the primary driver of the VanEck Semiconductors ETF (SMH) performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Broadcom, Inc. (AVGO) is a notable contributor to the semiconductor industry's performance.
Broadcom, Inc. (AVGO) is mentioned as a notable contributor to the semiconductor industry's performance, but the article does not provide specific figures for its growth. However, it is reasonable to assume that AVGO has had a positive impact on the VanEck Semiconductors ETF (SMH) performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
NVIDIA (NVDA) shares have soared 164% YTD, contributing over 15 percentage points to the overall performance of the VanEck Semiconductors ETF (SMH).
NVIDIA (NVDA) has been a significant driver of the VanEck Semiconductors ETF (SMH) performance in 2023, with its shares soaring 164% YTD. The company's growth has far outpaced its closest competitor, Advanced Micro Devices (AMD), which has risen 85% during the same period. NVIDIA alone has contributed over 15 percentage points to the overall performance of the ETF.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
VanEck Semiconductors ETF (SMH) has seen a 44% YTD increase due to the AI boom, with assets under management reaching $9.54 billion.
The AI boom has positively impacted the semiconductor industry, leading to a widespread rally across chipmaking stocks. This has driven the VanEck Semiconductors ETF (SMH) up 44% YTD, with a 17% increase in the last month alone. The ETF's assets under management have reached new highs, hitting $9.54 billion at the end of May.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is a notable contributor to the semiconductor industry's performance.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is mentioned as a notable contributor to the semiconductor industry's performance, but the article does not provide specific figures for its growth. However, it is reasonable to assume that TSM has had a positive impact on the VanEck Semiconductors ETF (SMH) performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60