On July 31, VanEck Semiconductor ETF rose 3.25% in pre-market trading, trading at $556.0/share, with turnover of $10.32 million.

On the news front, the semiconductor sector staged a powerful rebound following consecutive days of panic-driven selling, with the Philadelphia Semiconductor Index surging over 8% in a single session. Industry peers Lam Research rose 7.59% pre-market, Applied Materials gained 3.47%, and Marvell Technology added 3.05%, reflecting broad sector recovery. The ETF had previously tumbled to a two-month low amid concerns over NVIDIA reportedly negotiating approximately $250 billion in guarantees for an OpenAI data center project, raising fears of circular financing in the AI economy, compounded by escalating geopolitical export controls. Following heavy retail selling of chip stocks in prior sessions, the sector emerged as one of the market's biggest winners on the day.

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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