Movement Alert｜Semiconductor ETF-HOLDRs Rises 3.86% Intraday, Broad Semiconductor Sector Rally Led by Intel and AMD

Market Focus04-24

On April 24, Semiconductor ETF-HOLDRs (SMH) rose 3.86% intraday, trading at $503.02/share, with trading volume of approximately $447 million. The rally reflects a broad surge across the semiconductor sector during the session.

On the news front, semiconductor stocks staged a powerful rally, with Intel surging more than 30% at one point during pre-market trading, potentially setting a new all-time high if gains hold. AMD climbed over 10%, ARM advanced more than 8%, Marvell Technology gained over 4%, and TSMC also posted notable gains. The sweeping strength across major chipmakers propelled the semiconductor ETF sharply higher as the sector experienced broad-based buying momentum.

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

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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