On July 31, VanEck Semiconductor ETF rose 3.17% in regular trading, trading at 557.11 USD/share, with turnover of 749 million USD.
On the news front, the semiconductor sector staged a powerful rebound after consecutive days of panic-driven selling, with the Philadelphia Semiconductor Index surging over 8% in a single session. Peers Lam Research rose 7.59%, Applied Materials gained 3.47%, and Marvell Technology advanced 3.05%, reflecting broad sector-wide recovery. The ETF had previously fallen to a two-month low amid multiple headwinds, including reports that NVIDIA was negotiating approximately 250 billion USD in guarantees for an OpenAI data center project in Ohio, which sparked concerns over circular financing dynamics in the AI economy. Escalating geopolitical export controls further pressured the sector. Additionally, supply chain earnings that exceeded expectations provided fresh catalysts for the rebound, while retail investors who had aggressively sold chip stocks in prior sessions found themselves on the wrong side of the trade.
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry.
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