On August 27, VanEck Semiconductor ETF rose 3.02% in pre-market trading, trading at $572.02/share, with turnover of $2.77 million.

The rally was driven by NVIDIA's after-hours earnings release, in which Q2 revenue far exceeded Wall Street expectations and the company issued strong forward guidance. NVIDIA shares surged approximately 5% post-earnings, propelling Nasdaq futures up nearly 1%. Additionally, NVIDIA's CFO confirmed that Groq 3 LPX will begin batch shipments to early adopters by end of the current quarter, with Nebius as the first customer. The company also announced a partnership with Amazon AWS to deploy an additional 2 million GPUs across global infrastructure during 2027-2028, further validating the robust AI compute demand outlook and broadly benefiting the semiconductor sector.

The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index, which includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry, including medium-capitalization and foreign companies listed on U.S. exchanges.

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