On July 30, VanEck Semiconductor ETF rose 4.98% in regular trading, trading at $528.375/share, with turnover of $752 million.
On the news front, the semiconductor sector staged a powerful collective rebound after consecutive days of panic-driven selling. ARM earnings significantly exceeded expectations, serving as the core catalyst igniting the sector-wide rally. Peer stocks surged broadly, with Lam Research up 19.45%, Applied Materials up 10.91%, Teradyne up 8.72%, and Marvell Technology up 3.05%. The ETF had previously fallen to its lowest level in over two months amid concerns over NVIDIA circular financing risks and China-EU trade friction, with the Philadelphia Semiconductor Index suffering back-to-back sessions of heavy losses on July 28-29.
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. The fund is non-diversified.
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