On June 11, the VanEck Semiconductor ETF (SMH) rose 3.29% in regular trading, trading at $594.58/share, with trading volume of approximately $1.007 billion. The rebound comes after the ETF had pulled back over 10% from its recent all-time high.
On the news front, South Korea reported that chip exports during the first 10 days of June surged more than twofold year-over-year, signaling robust semiconductor demand. Additionally, SK Hynix announced plans to triple its wafer capacity by 2034 to meet surging AI-driven memory chip demand, with the first phase of four new Korean fabs expected to complete by early next year. SK Hynix also posted record quarterly profits fueled by the HBM boom and is preparing to pass benefits through to its supply chain. Separately, analysts noted the semiconductor industry has entered an AI-driven super cycle, with SK Hynix maintaining historically low inventory levels of just 4 weeks, reinforcing supply tightness across the memory segment.
The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index, which includes U.S. exchange-listed semiconductor companies.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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