Mar. 21 at 2:42 PM
$SMH Update — Semis Still Ripping (But With Drama)
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$SMH VanEck Semiconductor ETF YTD +~6.8%, 1Y +~70% — semis still crushing broader tech.
Top 4 SMH names and where they REALLY are:
NVIDIA (
$NVDA) — not leading this year, YTD ~‑7% (still a monster long‑term).
Taiwan Semiconductor (
$TSM) — steady strength with AI chip demand grinding higher (TSM up vs peers).
Micron Technology (
$MU) — memory boom MVP, massive gains carrying performance.
ASML Holding (
$ASML) — lithography king YTD +20–30%+, orders and backlog still bullish.
Narrative: Semis rally, but leadership has shifted — memory (MU) + fab equip (ASML/TSM) are dominating over classic AI names this cycle.
Big picture: if
$NVDA starts catching again, SMH flies — but right now the breadth tells a nuanced story.
