SMH ETF Nears Record As AI Chip Boom Raises One Big Valuation Question
The VanEck Semiconductor ETF (SMH) is nearing record highs, driven by the strong performance of AI chipmakers. While the fund has seen significant gains, questions are arising about its valuation and concentration risk, with nearly half its portfolio in just five stocks including Nvidia and TSMC. Despite these concerns, investor appetite for AI hardware remains robust, with TSMC reporting strong Q1 revenue and increased capital expenditures.
https://ts2.tech/en/smh-etf-nears-record-as-ai-chip-boom-raises-one-big-valuation-question/