SMH ETF Faces Short-Term Decline Amid Strong Year-to-Date Performance
The VanEck Semiconductor ETF (SMH) has dipped 5.4% over the past five trading sessions, yet maintains a robust 45% gain year-to-date. Net inflows of $445 million in five days and $3 billion over three months underscore sustained investor interest, particularly as the AI sector drives semiconductor demand.
TipRanks' ETF AI Analyst rates SMH a Moderate Buy, with a 12.4% upside implied by its $394.61 average price target. Synopsys (SNPS) and Nvidia (NVDA) lead holdings with highest potential, while Micron (MU) and Intel (INTC) lag. An ETF Smart Score of Eight suggests likely outperformance ahead.