Forget SMH. The Chip Fund That Owns Less Nvidia Is Beating It by 20 Points
Reported by Yahoo Finance · finance.yahoo.com · August 8, 2026
Two semiconductor ETFs hold nearly identical stocks, yet one has left the other in the dust this year by a staggering margin. The difference has nothing to do with which chips are inside and everything to do with how the fund is built.
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $NVDA -2.91%
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