VanEck Semiconductor ETF Surges Amid AI Spending Momentum
The VanEck Semiconductor ETF (SMH) rose by 18.2% in May due to strong sector performance driven by increased artificial intelligence spending. The shift from GPU-focused stocks like Nvidia toward CPU manufacturers such as Intel and Qualcomm highlights changing market dynamics within the semiconductor industry.
Tickers: $AMD $INTC $NVDA $QCOM $SMH
Topics: AI spending ETF performance semiconductors