VanEck Semiconductor ETF Price & Performance (SMH)

The Nasdaq has hit a six-month low as tech stocks, including Nvidia and Marvell, face steep declines. Semiconductor-focused ETFs like VanEck are down over 16% since January, driven by heightened tariffs and recession fears. Nvidia's stock has dropped 30% from its peak, signaling broader challenges for the sector.12

Marvell Technology saw its stock plunge by almost 20% after its revenue forecast failed to meet elevated investor expectations. Even though the company reported solid earnings, Wall Street's high bar for AI chipmakers has led to a sharp sell-off. The VanEck Semiconductor ETF also dropped 4% in response.34

Semiconductor ETFs, including VanEck and others, are underperforming as geopolitical tensions and elevated manufacturing costs weigh on the sector. ETFs like VanEck are down 6% this week alone, reflecting broader struggles in the semiconductor industry, which remains pivotal to AI and tech innovation.56