Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half

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Stock Markets,Vaneck Semiconductor ETF,NVIDIA Corp

Wall Street isn't giving up on semiconductor stocks after another hot start to the year.

Wall Street is sticking with semiconductor stocks after its hot start to the year. The enthusiasm around the sector, fueled by ongoing artificial intelligence tail winds, has boosted the VanEck Semiconductor ETF by 51% in 2024, while popular names such as Nvidia and Super Micro Computer more than doubled. The run-up has ignited fears of frothiness in the sector, or worries that valuations are becoming too elevated.

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