On July 31, VanEck Semiconductor ETF rose 3.11% overnight, trading at 554.9 USD/share, with turnover of 5.1585 million USD.
On the news front, the semiconductor sector staged a strong collective rebound following consecutive days of panic selling, with the Philadelphia Semiconductor Index surging over 8% in a single session. The ETF had previously fallen to its lowest level in over two months amid multiple headwinds, including reports that NVIDIA was in talks to provide approximately $250 billion in guarantees for an OpenAI data center project — sparking concerns over a circular financing model in the AI economy — as well as escalating geopolitical export controls. Peer companies including Lam Research, Applied Materials, and Marvell Technology all posted significant pre-market gains, signaling broad sector recovery.
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.
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