Semiconductors have been a massive and rewarding investment theme for investors in recent years, but a a breather in is this red-hot sector seems imminent. After the first sign this week of potential profit taking in Nvidia since it's monster post-earning pop, now might be the time to hedge for further downside in the semiconductor space. I want to utilize SMH to express my protective and bearish strategy. SMH SPY YTD mountain VanEck Semiconductor ETF vs.
For clarity, I am still optimistic on the semiconductor space and AI overall in 2024 and beyond, but this parabolic move in these high-flying stocks has pushed many stocks into overbought territory in the month of May. In the event leading chipmaker Nvidia decides to back-and-fill to where it just was before its May 22 earnings report release around $950, that 15% pull back would weigh heavily on SMH, where Nvidia has a massive weighting.
mountain Nvidia , YTD What is "over ownership" you ask? As of February 2024, over 500 different ETFs now own Nvidia. The largest ETF to hold NVDA is the SPDR S & P 500 ETF Trust , which has almost 30 million shares, currently a 5.13% allocation or about $28 billion in market value, according to YCharts. However, semiconductor ETFs and specialized AI themed ETFs have the highest exposure to NVDA by allocation percentage.
Click here for the full disclaimer.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
مصدر: CoinDesk - 🏆 291. / 63 اقرأ أكثر »