SMH ETF Nears Record As AI Chip Boom Raises One Big Valuation Question
VanEck Semiconductor ETF was hovering close to all-time highs on Tuesday, fueled by ongoing strength in artificial intelligence chipmakers. That surge sent the sector-heavy fund well beyond the S&P 500’s pace. SMH traded at $520.28 late in the morning, marking a $13.49 jump from Monday’s finish and just shy of its $522.38 intraday peak. By comparison, SPY, tracking the S&P 500, edged up $4.71.
