Dernières nouvelles pour VanEck Semiconductor ETF (NASDAQ:SMH)

VanEck Semiconductor ETF

Technology

The Fund normally invests at least 80 percent of its total assets in securities that comprise the Funds benchmark index. The Semiconductor Index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. To be initially eligible for the Semiconductor Index, companies must generate at least 50 percent of their revenues from semiconductors. Semiconductors include companies engaged primarily in the production of semiconductors and semiconductor equipment. Of the largest 50 stocks in the semiconductor industry by full market capitalization, the top 25 by free-float market capitalization (i.e., includes only shares that are readily available for trading in the market) and three month average daily trading volume are included in the Semiconductor Index.

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Shares of chip and semiconductor companies are trading higher amid overall market strength after President Trump said he had no intention of firing Fed Chair Powell. Additionally, Trump indicated the final tariff rate would be less than the current 145% but not 0%. A reduction in tariffs could reduce trade and supply chain uncertainty, which have weighed on the sector this year.

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Shares of tech stocks are trading higher after Treasury Secretary Scott Bessent reportedly said he expects de-escalation with China. A de-escalation with China could alleviate trade and supply chain uncertainty in the sector.

Activist <a href="https://www.benzinga.com/topic/dan-loeb" target="_blank" rel="noreferrer noopener">investor </a><a href="https://www.benzinga.com/topic/dan-loeb" target="_blank" rel="noreferrer noopener">Dan Loeb</a>‘s Third Point LLC held 1.78 million shares in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/news/large-cap/25/01/43195763/dan-loebs-third-point-capitalizes-on-tsms-ai-expansion" target="_blank" rel="noreferrer noopener">as of December 2024</a>.
The chip manufacturer&#8217;s share price dipped nearly 27 year to date. Compared that to VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>), which fell over 23%, and the S&amp;P 500's year-to-date decline of roughly 12.1%.
Earnings &amp; Other Notable Events:
<ul>
<li>On April 17, Taiwan Semiconductor reported first-quarter net sales of $25.53 billion (839.25 billion New Taiwanese Dollars). That&#8217;s up 41.6% year-over-year (Y/Y), topping the<a href="https://www.benzinga.com/25/04/44857887/taiwan-semiconductor-q1-surges-41-in-sales-boosted-by-ai-chip-demand-expanded-margins" target="_blank" rel="noreferrer noopener"> analyst consensus estimate of $23.92 billion</a>.</li>
<li>The demand for advanced&nbsp;processor node technologies for artificial intelligence applications fueled the result.</li>
<li>Taiwan Semiconductor&nbsp;guided for second-quarter&nbsp;2025 revenue of $28.4 billion to $29.2 billion versus the $26.79<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">&nbsp;billion analyst estimate</a>. It expects a gross margin of 57% to 59% and operating profit margins of 47% to 49%.</li>
<li>Taiwan Semiconductor&#8217;s CFO said, so far, there has been no noticeable shift <a href="https://www.benzinga.com/markets/25/04/44881525/tsmc-confident-amid-trump-tariff-turmoil-ceo-cc-wei-says-no-change-in-customer-behavior-despite-nvidia-h20-chip-curbs" target="_blank" rel="noreferrer noopener">in customer behavior in response</a> to U.S. tariffs.</li>
<li>Notably, China's new rule reportedly&nbsp;exempts chips designed&nbsp;by U.S. companies but manufactured in Taiwan from its 125% retaliatory tariffs. This rule has also exempted TSMC.</li>
<li>Also, the company disclosed in its 2024 annual report that the&nbsp;U.S. semiconductor technology&nbsp;embargo challenged its ability to ensure <a href="https://www.benzinga.com/government/regulations/25/04/44895326/taiwan-semiconductor-confronts-challenges-of-us-chips-sanction-on-china" target="_blank" rel="noreferrer noopener">complete compliance with the rules</a>.</li>
<li>Goldman Sachs&nbsp;analyst&nbsp;Kinger Lau, CFA, said delisting fears for Chinese American Depositary Receipts (ADRs) are rising again, driven by escalating trade tensions and new policy guidance from U.S. officials, including President&nbsp;Donald Trump‘s America First Investment Policy and Treasury Secretary&nbsp;Scott Bessent&#8216;s statement that &#8220;everything is on the table&#8221; <a href="https://www.benzinga.com/government/regulations/25/04/44868280/us-listed-chinese-stocks-face-250-billion-forced-selling-risk-as-delisting-fears-emerge-what-investors-need-to-know" target="_blank" rel="noreferrer noopener">in the response to China&#8217;s retaliatory tariffs</a>.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44698171/trumps-tariff-push-sends-financials-lower-loebs-portfolio-take-a-hit" target="_blank" rel="noreferrer noopener">Tariffs Test Loeb's Financial Picks: Third Point Adjusts Bets As Markets Brace For Economic Blowback</a></li>
</ul>
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Tech

Dan Loeb's Bet On Taiwan Semiconductor Looks Strong As Q1 Results Top Expectations

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Shares of semiconductor companies are trading lower after Huawei announced it's preparing AI chips as an alternative to Nvidia. Additionally, trade restrictions and tariff concerns are weighing on stocks in the industry.

Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares are trading lower by 12.6% to $84.87 over the trailing week. Investors are weighing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44868970/nvidia-amd-take-a-17-billion-hit-in-the-ai-arms-race-while-broadcom-remains-shielded-says-analyst">new U.S. government restrictions</a> on AI chip exports to China and several other regions. 
The restrictions have elevated concerns about the company&#8217;s exposure to geopolitical risk and supply chain disruptions in key international markets.
What To Know: The latest measures from the U.S. government—expanding upon the Biden administration's ongoing strategy to limit China's access to advanced AI hardware—now require AMD to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44868970/nvidia-amd-take-a-17-billion-hit-in-the-ai-arms-race-while-broadcom-remains-shielded-says-analyst">obtain licenses</a> to sell its MI308 data center GPUs in China, Hong Kong, Macau and countries listed under the Department of Commerce&#8217;s <a href="https://www.benzinga.com/news/25/04/44876468/whats-going-on-with-amd-stock-14">&#8220;D:5&#8221; designation</a>, which includes nations of national security concern.
Read Also: <a href="https://www.benzinga.com/25/04/44861917/broadcom-marvell-synopsys-the-chips-that-might-not-crumble-in-the-coming-storm">Broadcom, Marvell, Synopsys: The Chips That Might Not Crumble In The Coming Storm</a>
The MI308 is AMD's <a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure">most advanced data center GPU</a> to date, designed for training and inferencing large AI models. It directly competes with NVIDIA Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H100 in high-performance computing applications and forms a crucial pillar of AMD's push into AI infrastructure markets.
The licensing requirements now create an additional bottleneck for AMD in a region that had been a significant source of demand for its AI accelerators.
Financial Fallout: In anticipation of a sharp decline in sales to China, AMD has taken a one-time <a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure">inventory charge of $800 million</a> related to unsold or redirected chips and expects a $1.5 billion to $1.8 billion hit to revenue—equivalent to roughly 10% of its projected 2025 data center business.
This comes at a critical moment for AMD, as it has aggressively ramped up its AI ambitions through investments in hardware, <a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43788975/amd-closing-competitive-gpu-gap-with-nvidia-gains-market-share-from-intel-in-client-and-server-markets-analyst">software stacks like ROCm</a> and ecosystem partnerships.
Broader Implications: The export restrictions are part of a broader U.S. effort to curtail China&#8217;s access to cutting-edge AI hardware amid growing national security tensions. 
While demand for AI infrastructure in China remains robust, analysts expect an accelerated pivot toward domestically developed solutions, such as <a href="https://www.benzinga.com/25/02/43945751/huawei-boosts-ai-chip-production-despite-taiwan-semi-and-asml-ban-aims-to-challenge-nvidia-in-china">Huawei's Ascend AI chips</a>.
This shift could undercut AMD&#8217;s long-term positioning in one of the world&#8217;s largest tech markets. Unlike NVIDIA, which benefits from <a href="https://www.benzinga.com/insights/news/25/04/44842135/understanding-nvidias-position-in-semiconductors-amp-semiconductor-equipment-industry-compared-to-c">stronger software ecosystems (CUDA)</a> and more diverse hardware offerings, AMD is still in the earlier stages of building out a comprehensive AI platform.
Custom silicon developers and hyperscalers designing in-house chips <a href="https://www.benzinga.com/25/04/44861917/broadcom-marvell-synopsys-the-chips-that-might-not-crumble-in-the-coming-storm">remain unaffected by the new rules</a>—giving them a strategic edge over traditional chipmakers like AMD, whose offerings are subject to export controls.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/04/44896834/dollar-hits-3-year-lows-us-stocks-tumble-as-trump-threatens-to-fire-powell-contrarians-of-the-world-unite">Dollar Hits 3-Year Lows, US Stocks Tumble As Trump Threatens To Fire Powell: &#8216;Contrarians Of The World, Unite!&#8217;</a>
Investors can gain exposure to&nbsp;AMD by&nbsp;investing&nbsp;in the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>).
<h2 class="wp-block-heading">How To Buy AMD Stock</h2>
By now you're likely curious about how to participate in the market for Advanced Micro Devices &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Advanced Micro Devices, which is trading at $85.34 as of publishing time, $100 would buy you 1.17 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AMD has a 52-week high of $187.28 and a 52-week low of $76.48.

News

NVDA

AMD Stock Drops Amid AI Chip Export Ban: What's Going On?

The Blue Whale Growth fund, backed by the billionaire Peter Hargreaves, has sold its entire stake in Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) amid fears of a global economic slowdown.
What Happened: The decision to exit Meta and Microsoft was announced by the fund&#8217;s manager, Stephen Yiu, following U.S. President Donald Trump&#8216;s announcement of broad tariffs on April 2, <a href="https://www.ft.com/content/4049c101-65f4-4cf5-a045-78b3b7e67131">reported</a> the Financial Times.
Yiu expressed concerns that these tariffs could potentially trigger a global economic slowdown, which would negatively impact Meta&#8217;s digital advertising business. He stated, &#8220;When you have a global business in digital advertising and a global slowdown and economic uncertainty, then it does impact the top line [revenues].&#8221;
The Blue Whale Growth fund, managing £1.1 billion ($1.46 billion), has massive holdings in technology stocks, accounting for nearly 40% of the portfolio. Meta&#8217;s holding represented about 3% of this.
Yiu also revealed that the fund has been buying shares of U.S. chip designer&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), raising the stock&#8217;s share of the overall fund from 7% at the end of last year to 10%, in order to take advantage of a lower share price.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/04/44881570/trump-administration-to-lay-off-nearly-90-of-cfpb-employees-in-major-downsizing-report" target="_blank" rel="noreferrer noopener">Trump Administration To Lay Off Nearly 90% Of CFPB Employees In Major Downsizing: Report</a>
Why It Matters:&nbsp;The Blue Whale Growth fund, started in 2017 by Hargreaves, co-founder of Hargreaves Lansdown, holds around £200 million ($265.31 million) from his family. Since Trump&#8217;s tariff announcement, Hargreaves Lansdown has reported that its customers have continued to be net buyers of the Magnificent Seven stocks, which represent nearly a third of the S&amp;P 500 by market capitalization.
In early April, UK retail investment platforms Interactive Investor and AJ Bell experienced a surge in trading volumes. Interactive Investor reached its highest-ever trading volumes on April 7, with Nvidia and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) being popular picks. AJ Bell noted an increase in purchases of the Polar Capital Technology Trust, which includes tech giants like Nvidia, Meta, Microsoft, and Apple, highlighting growing interest in tech stocks.
After President Donald Trump announced sweeping tariffs<a href="https://www.benzinga.com/topic/liberation-day"> on April 2</a>, the U.S. technology sector has been particularly impacted. Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) dropped 16.86% year-to-date, while VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) lost 21.5% during the same period.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44877231/ethereum-price-plunges-to-2018-levels-what-is-going-on" target="_blank" rel="noreferrer noopener">Ethereum Price Plunges To 2018 Levels: What Is Going On? &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

AMZN

MSFT

Billionaire Peter Hargreaves-Backed Fund Offloads Stake In Meta, Microsoft Amid Global Economic Woes

President Donald Trump established a new body within the Commerce Department to manage the CHIPS and Science Act of 2022, benefiting <a href="https://www.benzinga.com/25/04/44584283/trump-sets-up-investment-accelerator-for-chips-act-management-heres-a-list-of-beneficiaries-that-could-be-impacted" target="_blank" rel="noreferrer noopener">companies like </a>Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Here's a look at some of hedge fund manager Dan Loeb&#8216;s semiconductor and electrical stocks year-to-date:
<ul>
<li>NET Power Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) shares dropped 79.89%; its peer, Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>), saw a decline of 24.71% YTD. As of the fourth quarter <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">of </a>2024, the investor retained a stake of 500,000 shares (same as <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624005927/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the third quarter of 2024).</li>
<li>Taiwan Semiconductor stock tumbled 24.58% versus VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) decline of 19.44% YTD. Third Point held 1.78 million shares in the contract <a href="https://www.benzinga.com/news/large-cap/25/01/43195763/dan-loebs-third-point-capitalizes-on-tsms-ai-expansion" target="_blank" rel="noreferrer noopener">chipmaker as of December 2024</a>.</li>
</ul>
Separately, the Trump administration excluded a range of technology products, including consumer electronics, <a href="https://www.benzinga.com/government/regulations/25/04/44786708/why-are-semiconductor-stocks-trading-higher-on-monday" target="_blank" rel="noreferrer noopener">from the 145% reciprocal tariffs bucket</a>.
Still, the tariff dispute between the U.S. and China is getting worse. A White House fact sheet has revealed that the Trump administration raised tariffs <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle" target="_blank" rel="noreferrer noopener">on Chinese imports</a> by up to 245% &#8220;as a <a href="https://www.benzinga.com/25/04/44831422/donald-trumps-145-tariffs-on-china-could-disrupt-teslas-cybercab-semi-production-report" target="_blank" rel="noreferrer noopener">result of its retaliatory actions.</a>"
The White House argues that tariffs on critical minerals and their derivative products were levied to protect the U.S. defense capabilities, infrastructure development, and technological innovation.
Mineral stocks in Loeb&#8217;s portfolio are also on the downtrend:
<ul>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) shares fell 2.93% compared to Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYZ#NASDAQ">PYZ</a>), which dipped 8.53% YTD. As of the fourth quarter&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">of&nbsp;</a>2024, the investor held a stake of 870,000 shares, up from 660,000 shares as of the third quarter of 2024.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44698171/trumps-tariff-push-sends-financials-lower-loebs-portfolio-take-a-hit" target="_blank" rel="noreferrer noopener">Tariffs Test Loeb&#8217;s Financial Picks: Third Point Adjusts Bets As Markets Brace For Economic Blowback</a></li>
</ul>
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Equities

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PowerShares Dynamic Basic Materials Sector Portfolio

Trump Tariffs Roil Semiconductor, Mineral Stocks: Billionaire Dan Loeb's Portfolio Faces Grueling Test

Chip stocks are sliding Wednesday after NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) announced that the U.S. government will start requiring a license to <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">export chips to China</a>. 
What Happened: In a regulatory filing late Tuesday, Nvidia said the U.S. government contacted the company on April 9, informing the chipmaker that it will need a license to sell H20 chips to China.
The filing also states that a license will be required for any other circuits achieving the H20&#8217;s memory bandwidth, interconnect bandwidth, or a combination thereof.
Nvidia shares tumbled on the news, dragging down several other chip stocks with it. The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) was down about 3.75% at the time of writing Wednesday morning, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Here&#8217;s a look at some of the semiconductor names moving lower on Wednesday:
<ul>
<li>Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
</ul>
<ul>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)</li>
</ul>
<ul>
<li>Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</li>
</ul>
<ul>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</li>
</ul>
<ul>
<li>QUALCOMM Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</li>
</ul>
<ul>
<li>Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</li>
</ul>
<ul>
<li>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
</ul>
<ul>
<li>Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</li>
</ul>
The license requirement will be in effect for the indefinite future in an effort to address risks associated with the potential for China to use the products for a supercomputer. 
As a result of the restrictions, Nvidia said it expects its first-quarter financial results to include up to $5.5 billion of charges associated with H20 products held in inventory. 
AMD also said in a filing Wednesday morning that the new export controls on chips could result in charges of up to approximately $800 million related to inventory and purchase commitments. 
ASML, the largest supplier of chipmaking equipment, reported <a href="https://www.benzinga.com/25/04/44833646/from-parts-to-profits-tariffs-have-a-4x-hit-on-asmls-bottom-line-says-cfo">first-quarter results</a> before the market open on Wednesday. The company warned that tariffs have increased uncertainty surrounding the company&#8217;s outlook, which may be adding to the weakness across the board. 
&#8220;Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years. However, the recent tariff announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while,&#8221; ASML CEO Christophe Fouquet said.
BofA Securities <a href="https://www.benzinga.com/analyst-stock-ratings">cut price targets</a> on several semiconductor names Wednesday morning due to potential impacts of tariffs. 
The new chip license requirement is the latest in an intensifying <a href="https://www.benzinga.com/markets/25/04/44806095/as-xi-jinping-urges-vietnam-to-stand-against-unilateral-bullying-trump-labels-the-meeting-a-plan-to-screw-the-united-states-of-america" target="_blank" rel="noreferrer noopener">trade war with China</a>. The Trump administration paused reciprocal tariffs for most countries last week, but ramped up tariffs on China. China responded with 125% retaliatory tariffs on American goods over the weekend.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44830391/us-stock-futures-nikkei-slip-amid-fresh-nvidia-headwinds-dollar-continues-to-lose-steam">US Stock Futures, Nikkei Slip Amid Fresh Nvidia Headwinds: Dollar Continues To Lose Steam</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/yakobchuk">AKOBCHUK V</a>/Shutterstock.

Global

Movers

QCOM

Chip Stocks Are Facing Selling Pressure Wednesday: Here's Why

<a href="https://www.benzinga.com/etfs">Semiconductor ETFs </a>are attracting investor attention this week as the industry finds itself at the focal point of global trade tensions. U.S. President Donald Trump is poised to announce new tariff levels on foreign semiconductors within days, a move that could remake supply chains and spook markets already nervous following recent trade volatility.
While the White House considers the shape of the <a href="https://www.benzinga.com/topic/semiconductors">future chip industry</a>, investors are focusing on ETFs with heavy exposure to chipmakers. Whether tariffs fuel more market volatility or offer a buying opportunity largely depends on how the policy plays out over the next few weeks.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44724362/chip-stocks-surge-as-trump-pauses-tariffs-for-us-allies-targets-china-with-125-duties">Chip Stocks Surge As Trump Pauses Tariffs For US Allies, Targets China With 125% Duties</a>
3 Semiconductor ETFs To Watch Amid Tariff Headlines
iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)
One of the sector&#8217;s most liquid and best-followed funds, SOXX provides exposure to U.S.-listed behemoths such as Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>). As it is based on global manufacturing and cross-border supply chains, SOXX may be vulnerable to import tariffs and higher component prices.
VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>)
SMH is distinguished by its international makeup, featuring giants such as Taiwan Semiconductor Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and ASML Holding&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>). Taiwan&#8217;s tariff talks with the U.S. will be important here, particularly if the island achieves exemptions that may protect SMH&#8217;s non-U.S. holdings from policy jolts.
SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>)
An equally weighted ETF, XSD leans slightly more toward small and mid-cap chipmakers such as ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) and some large-cap ones like Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>). It may provide a hedge against large-cap concentration risk if giants like Nvidia or TSMC are subject to tariff pressure.
The Policy Backdrop: Tariffs, Taiwan And Tech
Trump&#8217;s planned action is part of a larger national security investigation into the electronics supply chain, unveiled over the weekend. Whereas smartphones and laptops had previously been spared recent retaliatory tariffs on China, officials now indicate that advanced technology products—such as semiconductors, personal electronics, and medicines—will soon bear standalone duties, as reported by Reuters.
On Sunday, Trump said that the White House wants to simplify the chip market from many other companies and aims to produce chips in the U.S., adding that some companies might be allowed flexibility in implementation. He said new tariff levels on foreign semiconductors will be announced this week.
Commerce Secretary Howard Lutnick confirmed that a &#8220;special focus-type of tariff&#8221; on fundamental tech imports will be introduced over the next two months. The standalone regime would operate in parallel to reciprocal tariffs, which, according to Reuters, rose to 125% on Chinese imports last week.
The uncertainty has unsettled markets. The S&amp;P 500 has fallen over 10% since Trump&#8217;s Jan. 20 inauguration, and the chip sector has experienced some of the deepest intraday plunges in months.
Simultaneously, Taiwan, which plays a vital role in the world chip community, has been positively negotiating with Washington to avoid getting engulfed in the tariff wave. President Lai Ching-te affirmed that the initial dialogue has been &#8220;smooth,&#8221; and Taipei is looking to turn the crisis into a silver lining as far as deep trade integration with Washington is concerned, as per another Reuters report. TSMC&#8217;s latest promise of further investing $100 billion in America complements such a strategy.
While the world holds its breath for what Trump will do next, investors in semiconductor ETFs are keeping a close watch. Whether the result produces tariff clarity or more turbulence, the industry is at the crossroads of geopolitics, policy and market performance.
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Chip Shock: 3 Hot Semiconductor ETFs To Watch As Trump's Tariff Bomb Ticks

On Sunday, U.S. President Donald Trump <a target="_blank" href="https://www.benzinga.com/topic/chip-stocks" rel="noreferrer noopener">shared plans to</a> impose tariffs on imported semiconductors over the coming weeks. However, he promised flexibility with some companies in the sector.
Trump stressed the country&#8217;s focus on domestic production of chips and semiconductors, Reuters reports.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44751749/dell-cuts-discounts-as-tariffs-hit-passes-rising-cost-to-us-shoppers-bloomberg" rel="noreferrer noopener">Dell Cuts Discounts As Tariffs Hit, Passes Rising Cost To US Shoppers: Bloomberg</a>
Semiconductor stocks, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), are trading higher on Monday.
Trump excluded smartphones and computers from his 145% reciprocal tariffs on China. On Sunday, He Also announced a national security trade probe into the semiconductor sector.
On Friday, Trump announced the exclusions from&nbsp;steep reciprocal tariffs, igniting tariff relief expectations for products like phones and laptops.
However, on Sunday, Trump&#8217;s commerce secretary, Howard Lutnick, clarified that critical technology products from China would face separate new duties along with semiconductors within the next two months.
The benchmark Standard &amp; Poor&#8217;s 500 index&nbsp;has lost over 10% in value since Trump took office on January 20. Additionally, the tariffs could affect the demand-supply balance by making products dearer, thereby affecting companies&#8217; revenue and profit margins.
The tech sector is already reeling from concerns over the sustainability of the massive artificial intelligence technology investments.
Trump&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44584283/trump-sets-up-investment-accelerator-for-chips-act-management-heres-a-list-of-beneficiaries-that-could-be-impacted" rel="noreferrer noopener">also established a</a> new body within the Commerce Department to manage the CHIPS and Science Act of 2022, which will benefit beneficiaries like Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Intel, Micron, and more.
<a target="_blank" href="https://www.benzinga.com/25/04/44770461/intel-on-slump-as-china-hits-us-made-chips-with-tariffs-amd-and-taiwan-semiconductor-rise-on-exemption-boost" rel="noreferrer noopener">Beijing on Friday</a> retaliated against the 145% U.S. tariff duties by increasing its tariffs on U.S. imports to 125%.
Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) have lost 18%-21% in value year-to-date.
Price Action: NVDA stock is trading higher by 3.13% to $114.40 premarket at the last check on Monday.
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Why Are Semiconductor Stocks Trading Higher On Monday?

Intel Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) hiring of veteran venture capitalist Lip-Bu Tan as CEO has <a href="https://www.benzinga.com/25/04/44755999/new-intel-ceo-lip-bu-tan-linked-to-hundreds-of-chinese-tech-firms-including-companies-tied-to-chinas-military-report">sparked a new controversy </a>among semiconductor investors, including those holding exposure to <a href="https://www.benzinga.com/etfs">chip-focused ETFs</a>. Though Tan is generally considered a legend in Silicon Valley with decades of investing in cutting-edge technology, his deep investments in Chinese technology companies, including those associated with the People&#8217;s Liberation Army (PLA), are coming under scrutiny—raising red flags for investors who are geopolitics- and national security-sensitive.
Also Read: <a href="https://www.benzinga.com/25/04/44751391/583-trillion-lost-then-a-10-rebound-then-down-again-is-spy-the-new-vegas">$5.83 Trillion Lost, Then A 10% Rebound, Then Down Again — Is SPY The New Vegas?</a>
A Web Of Cross-Border Investments
Tan&#8217;s portfolio holds early stakes in China&#8217;s Semiconductor Manufacturing International Corp (SMIC)—currently sanctioned by the U.S.—as well as joint ownership with state-backed players such as China Electronics Corporation and other Chinese government funds, per Reuters. His existing dominance of over 40 Chinese firms and minority interests in over 600 others, many of which are connected to military and surveillance technology, is raising concerns.
Despite Intel&#8217;s assertion that Tan has made conflict of interest disclosures, ETF investors are keeping a close watch. Intel is not simply another chipmaker—it&#8217;s a key partner on billion-dollar U.S. Department of Defense contracts, so its leadership comes under particular scrutiny.
ETFs In Focus
Intel&#8217;s narrative is very much tied to the performance of large-cap semiconductor ETFs. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) each have substantial Intel exposure, whether directly or within their weighting toward legacy U.S. chip companies. A sentiment change toward Intel could impact fund flows, specifically among institutional clients with ESG, national security, or geopolitical risk filters.
SMH has declined 8.3% in the past month, whereas SOXX has declined 12.7% over the same period.
Looking Ahead
Tan leads Intel, which confirms compliance with disclosure standards, though growing geopolitical risks may influence sentiment in Intel-heavy ETFs.
In an era where chipmakers are strategic assets, leadership blends innovation and profits with trust, partnerships, and geopolitics—shaping new opportunities for Intel and ETF investors.
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How Intel's CEO Pick Could Jolt Chip Stocks And ETFs

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has just triggered <a href="https://www.benzinga.com/topic/death-cross">a technical Death Cross</a> — and it's not the only signal weighing on investor sentiment.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0410"><img loading="lazy" decoding="async" width="628" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10130413/Screenshot-2025-04-10-at-10.34.03-PM.png" alt="" class="wp-image-866448" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10130413/Screenshot-2025-04-10-at-10.34.03-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10130413/Screenshot-2025-04-10-at-10.34.03-PM-300x236.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0410" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">Technical Warning signs Pile Up For TSM Stock</h2>
Technically, things look bleak. With shares down 25% year to date and 11% in the past month, TSM stock has sunk below its eight, 20, and 50-day simple moving averages—a textbook sign of a strongly bearish trend. Even the 200-day simple moving average, at $184.40, sits far above TSM stock, at $150.69, offering little comfort.
The Moving Average Convergence Divergence (MACD) stands at a negative 9.07, flashing more red, while the Relative Strength Index (RSI) at 37.85 signals it&#8217;s approaching oversold territory.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44724362/chip-stocks-surge-as-trump-pauses-tariffs-for-us-allies-targets-china-with-125-duties">Chip Stocks Surge As Trump Pauses Tariffs For US Allies, Targets China With 125% Duties</a>
<h2 class="wp-block-heading">Trump Turns Up The Heat On Chipmakers</h2>
But here&#8217;s the kicker: just as TSM tries to steady the ship, President Donald Trump adds political torque. The president claimed he threatened the chip giant with a 100% tax if it didn't make chips in the U.S., <a href="https://www.businessinsider.com/trump-threatened-tsmc-100-percent-tax-make-chips-in-us-2025-4">reported</a> Business Insider. "These chip companies are loaded," he said, slamming the CHIPS Act and boasting he didn't need to write checks to make things happen &#8211; just dangle tariffs.
<h2 class="wp-block-heading">A $100 billion Answer- But Is It Enough?</h2>
TSMC, to its credit, has committed over $100 billion to build five U.S. factories, on top of the $65 billion already pledged. Still, the market isn't exactly applauding. Investors are stuck between a death cross and a Trump tax threat &#8211; and both sides sting.
Investors seeking safer exposure to the chip sector may consider diversified ETFs such as the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), or VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>), which reduce reliance on any single, politically sensitive stock.
With mounting technical pressure and renewed political scrutiny, TSMC shares face a challenging path ahead. Investors may prefer to wait for signs of technical stability and greater policy clarity before reengaging.
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Benzinga Market Summary: S&P Falls Below 5,000 Amid US-China Trade Tensions Ahead Of China Tariff Deadline, Chip Stocks Fall, Health Insurers Spike On Increased Payment Rates To Medicare Insurers

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Shares of chip stocks are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

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Shares of companies within the broader technology sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

The AI revolution isn&#8217;t just about chips—it&#8217;s about the high-speed highways that move data between them. According to JPMorgan analyst Harlan Sur, Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are at the center of this networking build-out, making them prime beneficiaries of <a href="https://www.benzinga.com/topic/artificial-intelligence">the AI boom</a>.
<h2 class="wp-block-heading">Networking Demand Surges with AI Compute</h2>
Sur highlights that the rapid expansion of accelerated computing &#8211; powered by Nvidia Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell GPUs, Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&#8217;s TPUv6, and Amazon.com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Trainium 2 &#8211; is fueling an insatiable need for faster networking. As hyperscalers scale out their data centers, demand for 800G and next-gen 1.6T networking solutions is set to soar through 2025 and beyond.
At the OFC Networking Conference this week, Broadcom showcased its dominance in high-performance switching, with its Tomahawk 5 and Jericho 3 chipsets seeing strong demand. The company is also gearing up for the launch of its 3nm Tomahawk 6 later this year, further strengthening its AI networking footprint.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44588724/intel-make-or-break-moment-can-new-ceo-lip-bu-tan-turn-it-around">Intel Faces Make-Or-Break Moment: Can New CEO Lip-Bu Tan Turn It Around?</a>
<h2 class="wp-block-heading">Marvell: The King Of PAM4 DSPs</h2>
Marvell continues to dominate the PAM4 DSP market, commanding over 70% market share and generating more than $1.5 billion in revenue from this segment in 2024. 
The company is leading the charge in next-gen 1.6T AEC and silicon photonics (SiPho) solutions, positioning itself to capitalize on both scale-out and scale-up networking demand. With strong AI-ASIC ramps in the pipeline, Marvell's data center business looks set for solid Q/Q growth through the rest of the year, the analyst said.
<h2 class="wp-block-heading">Broadcom: The Networking Powerhouse</h2>
Broadcom, meanwhile, is flexing its dominance in high-performance networking. Its Tomahawk 5 switch (51.2Tbps throughput) is already in high-volume production, and the next-gen Tomahawk 6 (102Tbps) is expected to drop later this year. AI-related networking revenue is up over 60%, and Broadcom's deep lineup of scale-out and scale-up solutions—ranging from PCIe Gen5 connectivity to co-packaged optics—keeps it ahead of the pack, according to Sur.
<h2 class="wp-block-heading">Actionable ETFs for Investors</h2>
For those looking to gain exposure to this AI-driven networking surge, iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) both hold significant positions in Broadcom and Marvell, making them prime ways to ride this wave.
With hyperscalers racing to upgrade their AI infrastructure, Broadcom and Marvell are sitting in the sweet spot. 
With demand for ultra-high-speed networking solutions on the rise, these two semiconductor leaders appear well-positioned for further growth.
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JPMorgan Says Broadcom, Marvell Could Dominate AI's Next Frontier — Here's Why

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Shares of companies in the broader technology sector are trading lower as President Trump declares that reciprocal tariffs will target all countries.

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