On April 24, Semiconductor ETF-HOLDRs (SMH) rose 3.86% intraday, trading at $503.02/share, with trading volume of approximately $447 million. The rally reflects a broad surge across the semiconductor sector during the session.
On the news front, semiconductor stocks staged a powerful rally, with Intel surging more than 30% at one point during pre-market trading, potentially setting a new all-time high if gains hold. AMD climbed over 10%, ARM advanced more than 8%, Marvell Technology gained over 4%, and TSMC also posted notable gains. The sweeping strength across major chipmakers propelled the semiconductor ETF sharply higher as the sector experienced broad-based buying momentum.
The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry, which may include medium-capitalization companies and foreign companies listed on a U.S. exchange. The fund is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
