Semiconductor ETF Falls Below 200-Day Average for First Time in Over a Year
VanEck Semiconductor ETF fell 9% and slipped below its 200-day average on Friday during a tech-led selloff in U.S. stocks, according to Seeking Alpha.
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what happened
The VanEck Semiconductor fund (SMH) lost 9% in mid-afternoon trade on Friday and dropped below its 200-day moving average for the first time since June 2025, Seeking Alpha reported. The decline came during a broad sell-off in technology shares.
Disappointing results from Amazon and Intel added pressure and pulled the main U.S. indexes lower. The Nasdaq was down more than 3%, on course for its worst single-day performance since June. The fund's relative strength index slipped to 35, still above the oversold threshold of 30.
As of Thursday, its largest holdings included Nvidia at 19.62% of net assets, TSMC at 9.48% and AMD at 5.58%.
why it matters
The drop shows how weak earnings from a handful of large companies can quickly spread across an entire sector where a small number of issuers carry heavy weight in the index.
market impact
Chipmakers and Nasdaq: weak earnings and selling pressure push prices lower
- Semiconductor sector (SMH) pressure down — selling pressure after disappointing Amazon and Intel earnings
- Nasdaq pressure down — tech share selloff drags the index down more than 3%
tags
instruments
sources
- Semiconductor ETF sinks to below 200-DMA for first time in over a year — Seeking Alpha, 30 October 2026 at 18:39 UTC
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