VanEck Semiconductor ETF

SMH

時価総額 $658億

Semiconductor stocks have pulled back despite strong AI demand and bullish revenue forecasts. Explore chip ETFs with relatively lower P/E ratios.

Few, if any, chip names have been left unscathed from the brutal selloff. But it's a chance to hunt for bargains.

I reiterate my Buy rating on the VanEck Semiconductor ETF, citing robust AI-driven capex growth and attractive entry following recent sector correction. SMH offers diversified exposure to leading semiconductor firms benefiting from hyperscaler AI investments, with top holdings like NVDA, TSM, AMD, and AVGO. Despite a 0.35% expense ratio, SMH has delivered outsized returns—up nearly 70% in 2026 and averaging 62% annually over three years.

US semiconductor stocks were ​set to lose $2 ‌trillion in market value on ​Thursday in ​the steep selloff since ⁠last week, ​driven by rising ​bets of an interest-rate hike and ​concerns over ​the cost of the ‌AI ⁠buildout.

Reported details about Anthropic's financial progress are adding to concerns about the health of the AI ecosystem.

An investment boom can create real businesses and still leave shareholders paying too much for them. Artificial intelligence presents just that scenario: chip suppliers collect revenue today, while their customers must turn expensive infrastructure into tomorrow's profits.

CNBC's Jim Cramer said investors shouldn't give up on semiconductor stocks despite the recent sell-off, arguing that strong demand for chips continues to support the industry's long-term growth. Cramer highlighted Micron's long-term customer agreements and the expanding use of CPUs from Intel and AMD as reasons the sector's underlying fundamentals remain strong.

The ETF ecosystem grows almost every day, with hundreds of new strategies and massive flows coming with each year that goes by. Thanks to the ETF wrapper's flexibility, issuers can craft and release targeted, transparent, and tax-efficient solutions for portfolios.

Jim Cramer declared chips a broken trade and software the new king of AI, but the numbers behind his argument depend entirely on where you start the clock.

Nvidia NVDA shares fell on Monday after Microsoft announced plans to ramp up production of its own artificial intelligence chip, calling the initiative its "biggest bet yet" on custom silicon. Nvidia stock was down around 1.60%, while Microsoft shares gained close to 1.25%.