EXETF (EXETF)

The VanEck Semiconductor ETF (NYSEARCA:SMH) closed Friday at $599, capping a stretch in which SMH has returned roughly 146% over the past year and tacked on nearly 20% in May alone. SMH is up about 66% year to date, and the rally has been driven less by NVIDIA than most holders assume.

Nvidia reports fiscal Q1 2027 earnings Wednesday after the close, with analysts expecting $79 billion in revenue. The result will ripple across QQQ, SMH, SOXX, and every other ETF with significant Nvidia exposure — and some have far more on the line than others.

The ETF industry is exploiting the tax break at an unprecedented scale.

Investors and fund companies alike are incresingly betting on active exchange-traded funds.

Broadcom shares tumble despite a Q2 earnings beat as software revenues miss estimates, putting semiconductor ETFs with AVGO exposure in focus.