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July 9, 2020, 1:32 p.m. EDT

Chipmaker ETFs push higher Thursday, on track for best week since early June

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By Andrea Riquier

Semiconductor exchange-traded funds outperformed the broader market Thursday as investors continued to bet on more upside for technology companies. The iShares PHLX Semiconductor ETF /zigman2/quotes/209255350/composite SOXX -4.07% was 1% higher in the early afternoon, the SPDR S&P Semiconductor ETF /zigman2/quotes/204438110/composite XSD -4.61% rose 0.9%, and the VanEck Vectors Semiconductor ETF /zigman2/quotes/200571902/composite SMH -4.12% jumped 1.3%. All were on track for their best week in five weeks. Most of those funds have a sizable portfolio holding of NVIDIA Corp. /zigman2/quotes/200467500/composite NVDA -3.83% , which was up 2.2% in the early afternoon, and which on Wednesday overtook Intel Corp. /zigman2/quotes/203649727/composite INTC -2.58% to become the largest chipmaker, by market cap. Intel shares were about 0.2% lower Thursday afternoon, while the broader Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -2.67% was 0.2% higher. In the year today, Nvidia has gained 78%, and the iShares ETF, the largest in the space, is up 12%, compared to a 17% gain for the Nasdaq, and losses for other benchmark indexes.

/zigman2/quotes/209255350/composite
US : U.S.: Nasdaq
$ 387.58
-16.46 -4.07%
Volume: 2.59M
May 12, 2021 4:00p
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/zigman2/quotes/204438110/composite
US : U.S.: NYSE Arca
$ 158.58
-7.67 -4.61%
Volume: 161,285
May 12, 2021 4:00p
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/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 223.63
-9.62 -4.12%
Volume: 7.63M
May 12, 2021 4:00p
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/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 550.34
-21.91 -3.83%
Volume: 7.59M
May 12, 2021 4:00p
P/E Ratio
79.79
Dividend Yield
0.12%
Market Cap
$356.16 billion
Rev. per Employee
$878,788
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 53.62
-1.42 -2.58%
Volume: 30.23M
May 12, 2021 4:00p
P/E Ratio
12.05
Dividend Yield
2.59%
Market Cap
$222.25 billion
Rev. per Employee
$704,042
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,031.68
-357.75 -2.67%
Volume: 4.09M
May 12, 2021 5:16p
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