Stocks / ETF
SMHETF
FollowFollowingUnfollowVanEck Semiconductor ETF
$511.001d -4.9%5d -6.2%settled close · 2026-11-02
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Mkt cap $61B (11/2)β 2.6952w $451–666Shares 120.3MNasdaq since 2011
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Who said what, and what SMH did next
Every dot is a day someone on the record made a call. Hover one to see who. We are not scoring them — the point is that you can see it and judge for yourself.
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Who’s talking about SMH
57 long1 neutral19 shortlatest 2026-10-27
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-27 | Mark Haefele | Bullish | Bloomberg TV (uncut) | GPU pricing continues to rise on sustained AI demand that resembles a geopolitically-driven build-out akin to… |
| 2026-10-27 | Tim Seymour (Seymour Asset Mgmt)CIO, Seymour Asset Management | Bullish | CNBC (uncut) | Semiconductors bounced off the 200-day moving average for the first time in a long time, making the sector… |
| 2026-10-27 | Tim Seymour (Seymour Asset Mgmt)CIO, Seymour Asset Management | Bullish | CNBC (uncut) | Semis bounced off the 200-day moving average — a level untested for a long time — after a major selloff… |
| 2026-10-27 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC (uncut) | Semiconductor stocks should follow strong earnings as hyperscaler spending continues, financing remains… |
| 2026-10-27 | Josh Brown (Ritholtz)CEO, Ritholtz Wealth Management | Bullish | CNBC (uncut) | Semiconductor shares should move higher because earnings expectations are rising while valuations in SNDK… |
| 2026-10-26 | Jeff deGraafFounder & Chairman, Renaissance Macro Research | Bullish | CNBC (uncut) | Tech hardware and semis are oversold after recent weakness and are set up for a bounce through end of October… |
| 2026-10-26 | Ayako YoshiokaPortfolio consulting director, Wealth Enhancement Group | Bullish | Fox Business (uncut) | AI infrastructure cycle demands exposure to semicap equipment and selectively chosen semiconductor names, but… |
| 2026-10-23 | Dan NilesFounder & Portfolio Manager, Niles Investment Management | Bullish | CNBC (uncut) | Semiconductor infrastructure names had become overextended and have since corrected sharply, creating an… |
| 2026-10-23 | Brad Conger | Bullish | CNBC (uncut) | Semiconductors have derated to single-digit PEs after falling more than 20% from June highs, presenting the… |
| 2026-10-23 | Mark Headley | Bullish | CNBC (uncut) | Korean semis sold off too far too fast — commodity chip China competition is still 2–3 years out, the… |
Show all 77 mentions
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-23 | Carter WorthMarket technician, Worth Charting | Bearish | CNBC (uncut) | Semis followed the same pattern as gold — an epic multi-year run that generates an equally epic giveback, and… |
| 2026-10-22 | Jay WoodsChief global strategist, Freedom Capital Markets | Bearish | CNBC (uncut) | Semiconductors are not yet seriously oversold or at their 200-day moving average, so deteriorating technicals… |
| 2026-10-22 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | CNBC (uncut) | The sharp selloff resembles an early-cycle correction rather than the end of the AI trade because… |
| 2026-10-22 | Mike SantoliSenior markets commentator, CNBC | Bearish | CNBC (uncut) | Semiconductor and related stocks remain vulnerable because they have failed to rebound from oversold… |
| 2026-10-22 | Matt Bryson | Bullish | CNBC (uncut) | Sub-one-year payback periods for smaller cloud providers indicate strong demand for data-center capacity… |
| 2026-10-22 | Josh Brown (Ritholtz)CEO, Ritholtz Wealth Management | Bullish | CNBC (uncut) | LRCX's 9% sell-off reflects a supply constraint — not a demand miss — while the company posted record… |
| 2026-10-22 | Tim Seymour (Seymour Asset Mgmt)CIO, Seymour Asset Management | Bearish | CNBC (uncut) | Semis are testing their 200-day moving average for the first time since Liberation Day, making new lows and… |
| 2026-10-22 | Unknown | Bearish | Fox Business (uncut) | After four years of outperformance the market has rotated its focus to small caps, international, and value… |
| 2026-10-21 | Jack | Bullish | Monetary Matters | After nine consecutive days of selling — the longest streak since 2006 — hedge funds and institutions have… |
| 2026-10-21 | Marta Norton | Neutral | CNBC (uncut) | The first half of 2026 pulled forward returns that would normally accrue in the back half, leaving memory and… |
| 2026-10-21 | Dan Scali | Bullish | CNBC (uncut) | Semis have sold off meaningfully from highs while earnings revisions remain positive and the AI CapEx cycle… |
| 2026-10-20 | Max PetnerChief Multi-Asset Strategist, HSBC | Bullish | CNBC (uncut) | The two-week selloff in semis and tech was entirely positioning-driven — hedge fund de-grossing and… |
| 2026-10-19 | Max KettnerChief multi-asset strategist, HSBC | Bullish | Bloomberg TV (uncut) | Hyperscaler free cash flow is near a trough and any positive inflection in H1 2027 driven by higher… |
| 2026-10-19 | Angelo ZinoSenior equity analyst, CFRA Research | Bullish | Bloomberg TV (uncut) | Semis will be content winners over the next two to three years and large unexpected AI capability… |
| 2026-10-19 | Lyn AldenIndependent macro strategist | Bullish | Wealthion | In a world with a real cost of capital, profitable companies — especially semiconductors — hold durable… |
| 2026-10-19 | Katie StocktonTechnical strategist — Fairlead | Bullish | CNBC (uncut) | Semis generated exhaustive downside and DeMark buy signals after last week's gap-downs, support levels remain… |
| 2026-10-19 | Adam ParkerFounder & CEO, Trivariate Research | Bullish | CNBC (uncut) | Semicap equipment is a direct beneficiary of the AI data center buildout with earnings growth expected to… |
| 2026-10-19 | Jesse FelderAuthor, The Felder Report | Bearish | Thoughtful Money (Adam Taggart) | Semiconductor stocks have already peaked, historically leading broader market tops by 9–18 months before AI… |
| 2026-10-19 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Fundstrat | AI demand drivers are intact and semis have reached technical support while sentiment has turned fearful… |
| 2026-10-19 | Tim Seymour (Seymour Asset Mgmt)CIO, Seymour Asset Management | Bullish | CNBC (uncut) | SMH has pulled back to meaningful long-term support around 540 with the 200-day just below, making the dip in… |
| 2026-10-19 | Marcus Lemonis | Bullish | Fox Business (uncut) | Chip stocks are now trading at post-crash forward PEs comparable to levels seen after the dot-com collapse… |
| 2026-10-19 | Max KettnerChief multi-asset strategist, HSBC | Bullish | Bloomberg Surveillance | The recent selloff is technically and positioning-driven rather than fundamental, making the dip a buying… |
| 2026-10-16 | Stephen ParkerCo-head of global investment strategy, J.P. Morgan Private Bank | Bullish | CNBC (uncut) | AI CapEx supercycle extends the semiconductor upcycle far longer than consensus implies, and current… |
| 2026-10-16 | Mary Ann BartelsChief Investment Strategist, Sanctuary Wealth | Bullish | CNBC (uncut) | Semis are oversold into good support with valuations cheap at 14x forward 2027 estimates — below market… |
| 2026-10-16 | Steve GrassoCEO, Grasso Global | Bullish | CNBC (uncut) | The 50-day/200-day moving average compression in semis has historically resolved with prices moving higher… |
| 2026-10-16 | Paisley NardiniHead of investment strategy, Tema ETFs | Bullish | Bloomberg TV (uncut) | Historical 5-10% drawdowns in semis have been attractive buying opportunities, particularly when supported by… |
| 2026-10-16 | Matt StuckeyChief Portfolio Manager, Equities, Northwestern Mutual Wealth Management | Bullish | Bloomberg TV (uncut) | The semiconductor selloff is rate-driven not fundamental — GPU rental spot markets and memory pricing show no… |
| 2026-10-16 | Malcolm Ethridge (CIC Wealth)Wealth advisor & CNBC contributor | Bearish | CNBC Halftime Committee | Semis have sold off sharply but sentiment headwinds from AI debt fears and big-tech earnings guidance risk… |
| 2026-10-15 | Eric JohnsonChief Market Strategist, Cantor Fitzgerald Asset Management | Bullish | CNBC (uncut) | Semis have experienced a multi-month selloff with fear at extremes and now face a cluster of positive… |
| 2026-10-15 | Sebastien PageCIO and Head of Global Multi-Asset, T. Rowe Price | Bullish | Bloomberg TV (uncut) | Token demand is up 700% YoY and enterprise agentic AI adoption is accelerating from ~20% to an estimated 80%… |
| 2026-10-15 | Anastasia AmorosoChief Investment Strategist, iCapital | Bullish | Bloomberg TV (uncut) | AI scaling requires chips regardless of whether the balance of power shifts from closed to open-source… |
| 2026-10-15 | Tom HayesFounder & chairman, Great Hill Capital | Bearish | Hedge Fund Tips (Tom Hayes) | Memory and commodity chips are experiencing the same inevitable cycle — shortage, capacity flood, demand wane… |
| 2026-10-15 | Anastasia AmorosoChief Investment Strategist, iCapital | Bullish | Bloomberg Open Interest | Continued AI scaling across all model types—not just large closed-end models—sustains chip demand regardless… |
| 2026-10-14 | Cameron DawsonCIO, NewEdge Wealth | Bearish | Bloomberg TV (uncut) | Semiconductor EBIT margins have expanded dramatically from 16% in 2025 to 42% in 2026 and are expected to… |
| 2026-10-14 | Lou | Bullish | Fox Business (uncut) | Semiconductors are down ~10% in five days on South Korea selling/speculation contagion, creating an… |
| 2026-10-14 | Cameron DawsonCIO, NewEdge Wealth | Bearish | Bloomberg Surveillance | Memory semiconductor margins have surged from 16% in 2025 to 42% in 2026 and are expected to reach 49% — but… |
| 2026-10-14 | Django DavidsonFounding Partner & Portfolio Manager, Hosking Partners | Bearish | Master Investor (Wilfred Frost) | Enterprise value to replacement cost for memory semi companies has reached 3-4x, signaling the capital cycle… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bearish | Bloomberg TV (uncut) | Semis remain commodity-like and are an early-cycle group; historical analog with silver stocks suggests the… |
| 2026-10-13 | Omar AguilarCEO & CIO, Schwab Asset Management | Bullish | Bloomberg TV (uncut) | AI CapEx cycle is extending into the first half of next year, sustaining elevated demand for chips and giving… |
| 2026-10-13 | Rob Sechan (NewEdge Wealth)Co-founder & CEO, NewEdge Wealth | Bullish | CNBC Fast Money Final Trade | AI names have contracted revenue, earnings visibility, and pricing improvements; financing concerns are a… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bearish | Bloomberg Surveillance | Semis are an early-cycle group undergoing a second correction leg as the capex cycle rotates from AI enablers… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bearish | Mike Wilson (newest) | Semis are an early-cycle group in a second leg lower as the capex cycle shifts from enablers to adopters… |
| 2026-10-12 | Martin ShkreliCo-founder, DL Software (Godel Terminal) | Bullish | All-In Podcast | Jevons' paradox ensures that efficiency improvements in AI compute lead to exponentially greater demand… |
| 2026-10-11 | Ed YardeniPresident, Yardeni Research | Bullish | Ed Yardeni (newest) | Semiconductor and memory chip prices are rising, lifting S&P 500 profit margins through both productivity… |
| 2026-10-07 | Patrick ArmstrongCIO, Plurimi Wealth | Bullish | Savita Subramanian (newest) | Hyperscaler capex is in an acceleration phase driven by competitive prisoner's dilemma dynamics that force… |
| 2026-10-05 | Max KettnerChief multi-asset strategist, HSBC | Bullish | Bloomberg Surveillance | US large-cap earnings estimates are up 20%+ since mid-May driven by AI, and the semi trade works across… |
| 2026-10-04 | Lyn AldenIndependent macro strategist | Bullish | David Lin | Semiconductor companies are the profitable layer of the AI buildout unlike frontier AI labs, making them a… |
| 2026-10-02 | Jesse FelderAuthor, The Felder Report | Bearish | Wealthion | Every global memory supplier and China's state-backed chipmakers are investing billions in new capacity… |
| 2026-10-01 | Joe Terranova (Virtus)Chief market strategist, Virtus | Bullish | CNBC Halftime Final Trades | Samsung, SK Hynix, and Micron halted capex investment in the 2022-23 downcycle, creating a multi-year factory… |
| 2026-10-01 | George Blue Cloud TradingHost, Blue Cloud Trading | Bullish | CNBC Halftime Final Trades | Semiconductor ETF broke out of a multi-week downward channel and has held above it for several sessions… |
| 2026-09-30 | Sitara SundarHead of alternative investment strategy, J.P. Morgan Private Bank | Bullish | Bloomberg Open Interest | Memory chips are attractive within a compute-constrained AI ecosystem where infrastructure demand remains… |
| 2026-09-24 | Guy Adami (RiskReversal)Trader & CNBC Fast Money panelist | Bearish | CNBC Fast Money Final Trade | SMH shows a near-island-reversal topping pattern analogous to DRAM, with the prior high unviolated and a… |
| 2026-09-23 | Stephen ParkerCo-head of global investment strategy, J.P. Morgan Private Bank | Bullish | Bloomberg Surveillance | Markets priced overly pessimistic earnings expectations for semis and hardware names, but the AI capex cycle… |
| 2026-09-23 | Mohnish PabraiFund manager — Pabrai Investment Funds | Bullish | informo | Among AI-related investments, memory chips are the only area worth considering because they are the… |
| 2026-09-17 | Brad GerstnerFounder & CEO, Altimeter Capital | Bullish | All-In Podcast | Semiconductor companies are capturing hyperscaler AI capex almost dollar-for-dollar as free cash flow… |
| 2026-09-17 | David RosenbergEconomist — Rosenberg Research | Bearish | Excess Returns | Broad Southeast Asian exposure (Singapore, Hong Kong, Thailand) offers better valuation and dividend yields… |
| 2026-09-03 | Carly AndersonCo-Founder & Managing Partner, Timescale Ventures | Bullish | Macro Voices | SiC became cost-competitive via EV industry scale and is now critical for solid-state transformers, nuclear… |
| 2026-08-01 | Lisa ShalettCIO, Morgan Stanley Wealth Management | Bullish | Fox Barron's Roundtable (playlist) | Semiconductor names have corrected enough to offer value after capitulation drained the momentum trade, and… |
| 2026-07-24 | Michael Green (Simplify)Chief Strategist & PM, Simplify | Bearish | Michael Green | China is aggressively ramping domestic semiconductor and memory production in response to US sanctions, and… |
| 2026-05-26 | Phil CamporealeChief investment strategist, J.P. Morgan Wealth Management | Bullish | Fox Making Money | Chip demand is growing roughly 70% while supply grows only 30%, creating a structural supply deficit that… |
| 2026-04-10 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | interview | GPU availability for B200s has collapsed to zero and H100s are close behind, creating a severe supply-demand… |
| 2026-01-22 | Guy Adami (RiskReversal)Trader & CNBC Fast Money panelist | Bearish | CNBC Fast Money Final Trade | SMH is overextended at 25% above its 200-day moving average and just hit an all-time high, making it a… |
| 2025-10-22 | Gavin BakerFounder & CIO, Atreides Management | Bullish | Aleph | AI structurally ratchets up global silicon intensity — the average AI company carries ~40% gross margins with… |
| 2025-02-05 | Sender CohenFormer president, Soros Capital; ex-Duquesne managing director | Bullish | Stanley Druckenmiller | Second waves of tech innovation historically outperform first waves, and chronic underinvestment in… |
| 2023-06-19 | Gavin BakerFounder & CIO, Atreides Management | Bullish | This Week in Startups | At the start of every major technology platform shift the only certain winners are picks and… |
| 2022-10-23 | Bill FordChairman & CEO, General Atlantic | Bullish | Delivering Alpha | A new wave of chip companies is forming in the venture space, capitalizing on the supply-chain shift out of… |
| 2022-02-12 | Ed YardeniPresident, Yardeni Research | Bullish | WEALTHTRACK | These names bore the brunt of the multiple-compression selloff but underlying business fundamentals remain… |
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The options tape
Notable options days
Sessions in the last 120 where SMH’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 3 of 120 sessions qualified.
The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are member content.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
|---|---|---|---|---|---|---|
| 2026-10-22 | ||||||
| 2026-10-15 | ||||||
| 2026-05-22 |
+20 sess. = raw price change over the following 20
sessions — not market-adjusted; the tape tells you where to look,
not what happens next.
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