ProShares UltraShort Semiconductors (ARCA: SSG)

에 대한 최신 뉴스 ProShares UltraShort Semiconductors (ARCA:SSG)

ProShares UltraShort Semiconductors

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is designed to measure the performance of U.S. companies in the semiconductors subsector. The semiconductor subsector includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards. U.S. companies in this sub-sector are selected and then weighted based on market capitalization. The Indexs composition and the assigned weights are reevaluated every September with additional weight adjustments occurring in March, June and December.

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3월 18일 개막한 엔비디아(NASDAQ:NVDA) GPU 기술 컨퍼런스(GTC)는 인공지능(AI)과 반도체에 대한 또 다른 열기를 위한 토대를 마련했다. 과거 실적을 바탕으로 볼 때 이번 행사는 일부 ETF에 새로운 모멘텀을 가져다줄 수 있다.

작년 엔비디아 GTC 이후 높은 수익률 기록했던 반도체 ETF 3종목...이번에는 다를까?

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대만 반도체 제조(TSMC)(NYSE:TSM)는 AI에 대한 높은 수요와 가전 제품 회복으로 인해 5월 매출이 30% 증가하여 2,296억 신 대만달러(71억 달러)에 도달했다. 블룸버그는 세계 최대의 계약 칩 제조업체인 TSMC가 마이크로소프트(NASDAQ:MSFT) 및 오픈AI와 같은 회사들에 공급하는 엔비디아(NASDAQ:NVDA)의 반도체를 생산한다고 보도했다.

대만의 TSMC, 인공 지능 붐에 맞추어 5월 71억 달러의 매출 전망 보고

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Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GTC kicks off today, Mar. 18, and lays the groundwork for another installment of AI and semiconductor-fueled fervor. 
If past is prologue, this could translate to new <a href="https://www.benzinga.com/etfs">momentum for some ETFs</a>.
The following funds have been on a winning streak since the previous GTC, or GPU Technology Conference, took place last March.
Also Read: <a href="https://www.benzinga.com/news/events/25/03/44380519/soundhound-ai-at-2025-nvidia-gpu-technology-conference-in-car-voice-commerce-ecosystem-a-game-changer-for-automotivetech">SoundHound AI At 2025 NVIDIA GPU Technology Conference: In-Car Voice Commerce Ecosystem &#8216;A Game-Changer For #AutomotiveTech&#8217;</a>
<ul>
<li>ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>) — AUM up 28.3% (according to YCharts), price up 13.33%</li>
</ul>
<ul>
<li>Direxion Daily NVDA Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDD#NASDAQ">NVDD</a>) — AUM up 119.9%, price up 8.69%</li>
</ul>
<ul>
<li>Direxion Daily Semiconductor Bear 3x Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#NYSE">SOXS</a>) — AUM down 51%, but price up 8.1%</li>
</ul>
The increased AUM indicates that investors have been actively hedging or trading against semiconductor volatility using them. With the buzz on GTC, we may see such trends replicate once all the dust settles after the event.
Also Read: <a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/03/44365756/chinas-ai-surge-fuels-etf-gains-baidu-alibaba-lead-the-way">China&#8217;s AI Surge Fuels ETF Gains: Baidu, Alibaba Lead The Way</a>
Why This Time Could Be Different—Or Not
This year&#8217;s GTC is a big deal not only for Nvidia but also other tech giants like Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), and heavy hitters like Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). Even quantum computing equities like D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) may experience some aftershocks.
One fascinating aspect is the amount of sessions Nvidia is conducting in Chinese, with some heavy-hitters like Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Cloud, and ByteDance, according to TechCrunch. Missing from the lineup, however, is DeepSeek, the Chinese AI company that shook Nvidia&#8217;s stock this spring.
DeepSeek&#8217;s meteoric growth resulted in government attention, with reports even suggesting some employees were put under travel bans. The lack of DeepSeek at GTC could reinforce the geopolitical overhang over the AI sector—another influence that could move ETFs in the weeks ahead.
<h2 class="wp-block-heading">What To Watch Post-GTC</h2>
Last GTC revealed Nvidia&#8217;s Blackwell GPUs, and another significant one is likely to come this time. That may portend a new rally in semiconductor ETFs—but also increased volatility.
In addition, with the large Chinese companies showcasing at GTC, investor sentiment regarding U.S.-China AI rivalry may affect ETF performance.
Traders may again mob funds such as NVDD, SSG, and SOXS to bet on both bullish and bearish trends in semiconductors if the last twelve months are anything to go by.
Nvidia&#8217;s GTC has a history of shaping AI and semiconductor markets. Whether it&#8217;s another leg higher or a wave of profit-taking, ETFs that rode last year&#8217;s wave of success could again be the vehicle of choice for traders as they navigate the post-GTC world.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/03/44380264/consumer-spending-stumbles-time-to-buy-the-dip-in-retail-etfs">Consumer Spending Stumbles: Time To Buy The Dip In Retail ETFs?</a></li>
</ul>
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3 Best-Performing Semiconductor ETFs Since Last GTC And Why This Time Is Different

<a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">Semiconductor chipmaker</a> Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) ended collaboration with Singapore&#8217;s PowerAIR after discovering a Taiwan Semiconductor chip&nbsp;in a Huawei Technologies artificial intelligence processor, SCMP <a target="_blank" href="https://www.scmp.com/tech/tech-war/article/3294199/tsmc-cuts-ties-singapore-firm-over-chip-found-huawei-processor-sources" rel="noreferrer noopener">reports</a>.
In 2024, the Taiwanese contract chipmaker <a target="_blank" href="https://www.benzinga.com/24/12/42644888/biden-administration-targets-chinese-firm-over-taiwan-semiconductor-chip-found-in-huawei-tech" rel="noreferrer noopener">suspended shipments to</a> China&#8217;s&nbsp;chip designing firm Sophgo after a chip it ordered from the Taiwanese chipmaker matched with one on Huawei&#8217;s Ascend 910B multi-chip system.
Washington imposed sanctions on Chinese smartphone giant Huawei in 2020, citing national security threats.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42882959/intel-partners-with-amazon-cloud-to-drive-next-gen-smart-vehicle-tech" rel="noreferrer noopener">Intel Partners with Amazon Cloud to Drive Next-Gen Smart Vehicle Tech, Wins Stellantis, Karma Auto As Clients</a>
The update coincides with reports indicating Nvidia and other chipmakers are susceptible to potential <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42897081/nvidia-and-ai-chip-stocks-brace-for-impact-as-biden-administration-considers-new-china-export-ban-report" rel="noreferrer noopener">U.S. AI chip sanctions</a> to China. Washington&#8217;s new curbs could restrict Nvidia&#8217;s AI chip shipments, with three-tier export rules favoring allies like Taiwan and barring Tier 3 nations like China.
Taiwan Semiconductor stock surged over 105% in the last 12 months, gaining prominence by manufacturing AI chips for Nvidia Corp GPUs and chips for Apple Inc smartphones.
Taiwan Semiconductor reported <a href="https://pr.tsmc.com/english/news/3198" target="_blank" rel="noreferrer noopener">consolidated revenue of</a> 2.89 trillion New Taiwan dollars between January and December 2024 (up by 33.9% year-on-year). It reported a <a href="https://pr.tsmc.com/english/news/3177" target="_blank" rel="noreferrer noopener">consolidated revenue of</a> 2.03 trillion New Taiwan dollars between January and September 2024. 
Therefore, it implies that the chipmaker reported a consolidated revenue of 868.46 billion New Taiwan dollars ($26.3 billion versus a consensus of $26.2 billion) for the December quarter versus $19.62 billion a year ago.
The company expects <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips" rel="noreferrer noopener">fourth-quarter revenue</a> of $26.1 billion &#8211; $26.9 billion.
Taiwan Semiconductor considered China the most significant revenue source after the U.S., as per the SCMP report. The chipmaker expected its China sales to grow by 26% in 2024 to $10.4 billion, accounting for 12% of its total revenue of $88.3 billion, SCMP cites Visible Alpha.
Investors can gain exposure to stocks of companies that manufacture semiconductors through the Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>).
Price Action: TSM stock is up 1.34% at $209.89 premarket at last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42881889/uber-nvidia-partnership-to-unlock-value-by-leveraging-ai-to-advance-ridesharing-autonomous-tech-analyst" target="_blank" rel="noreferrer noopener">Uber, Nvidia Partnership To Unlock Value By Leveraging AI To Advance Ridesharing, Autonomous Tech: Analyst</a></li>
</ul>
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Taiwan Semiconductor Hits $26.3 Billion Q4 Revenue, Reportedly Ends PowerAIR Deal Over Huawei Chip Breach Amid US Sanctions

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is all set for <a target="_blank" href="https://www.benzinga.com/topic/tsmc" rel="noreferrer noopener">full-capacity production</a> in the U.S. and Germany after commercializing its debut Japanese chip plant in Kikuyo, Kumamoto Prefecture, last December.
Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) $3 trillion valuation and Taiwan Semiconductor&#8217;s 2nm progress testify to <a target="_blank" href="https://www.benzinga.com/25/01/42813592/ai-chip-stocks-nvidia-broadcom-amd-taiwan-semi-micron-super-micro-surge-on-monday-whats-going-on" rel="noreferrer noopener">AI-driven chip industry growth</a>. Reportedly, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) eyes&nbsp;$80 billion in&nbsp;developing AI data centers in fiscal 2025, marking a big win for the sector.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42721526/taiwan-semiconductors-kaohsiung-expansion-to-boost-jobs-and-2-nm-chip-production" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Kaohsiung Expansion To Boost 2-nm Chip Production</a>
The contract chipmaker aims to complete production of plants in Arizona in 2025 and Dresden in 2027. Construction of Taiwan Semiconductor&#8217;s second Japanese factory will likely begin near the Kikuyo plant, the Japan News <a target="_blank" href="https://japannews.yomiuri.co.jp/business/companies/20250106-231710/" rel="noreferrer noopener">reports</a>.
Taiwan commanded 67% of the global market share in contracted semiconductor manufacturing and nearly 80% in cutting-edge products in 2023, the Japan News cites TrendForce.
Taiwan attempted to shield itself from geopolitical tension by concentrating production on the island. Still, it also remains focused on its geographical diversification to help the world boost its semiconductor base by reducing its dependence on China, whose semiconductor supply chain was disrupted during the 2020 pandemic.
Kumamoto Gov. Takashi Kimura shared with Japan Times the country&#8217;s hopes to attract Taiwan Semiconductor&#8217;s third plant in the prefecture.
The new plant, located in Kikuyo, began commercializing 12-28 nm technology last December. It caters to Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), which produces camera sensors for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
Taiwan Semiconductor is proficient in making general-purpose chips between 12 and 28 nm. However, chip plants in Japan failed to produce semiconductors thinner than 40 nm, prompting them to tap the Taiwanese chipmaker.
Taiwan Semiconductor is building a new plant in Arizona, where commercialization of 4-nm chips will likely begin between January and March. It aims to complete its debut European plant in Dresden in 2027. The plant targets a quadrupolar production plan with principal plants in Taiwan, Japan, the U.S., and Germany.
Meanwhile, some concerns loom in the form of President-elect Donald Trump taking charge on January 20.
The U.S. posted a significant trade deficit with Taiwan in 2023, prompting Trump to verbally attack the country during his presidential campaigns for allegedly depriving the U.S. of the semiconductor industry.
He suggested redemption by slapping tariffs on Taiwan, which can increase the contract chipmaker&#8217;s production costs since labor costs in the U.S. are about 30% higher than in Taiwan.
Taiwan Semiconductor stock surged over 115% in the last 12 months.
Goldman Sachs&#8216; Bruce Lu projected <a target="_blank" href="https://www.benzinga.com/25/01/42825523/taiwan-semi-likely-for-upside-backed-by-ai-demand-and-advanced-node-pricing-analyst-says" rel="noreferrer noopener">another year of </a>robust revenue growth for Taiwan Semiconductor in 2025E, 26.8%, following 29.4% revenue growth in 2024E (all in USD terms). Demand in leading-edge nodes, mainly supported by AI, backed this growth.
Investors can gain exposure to companies that manufacture semiconductors through ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>) and ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Action: TSM stock is up 0.08% to $220.19 premarket at last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/media/24/12/42721414/nvidia-targets-robotics-as-next-big-opportunity-amid-rising-ai-rivalry" target="_blank" rel="noreferrer noopener">Nvidia Targets Robotics as Next Big Opportunity Amid Rising AI Rivalry</a></li>
</ul>
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Taiwan Semiconductor Ramps Up Production in Japan, US, and Germany to Diversify Away from China

Semiconductor, hardware, and artificial intelligence-linked stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are down as the sector continues to pull back.
AI stocks led by Nvidia, Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) selloff continue their <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40746353/nvidia-super-micro-arm-tumble-2-in-premarket-most-chip-peers-deep-in-red-whats-dragging-down-sem" rel="noreferrer noopener">downward price trajectory</a> as the Nvidia and Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) quarterly prints failed to impress the Street.
Broadcom released its third-quarter earnings on Thursday. The <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40741225/broadcom-q3-earnings-revenue-beat-eps-beat-continued-strength-in-ai-solutions-and-vmware-2024-ai-gu" rel="noreferrer noopener">topline grew 42%</a> to &nbsp;$13.07 billion in the third quarter, topping the analyst estimate of $12.96 billion. The chipmaker expects fourth-quarter revenue of $14 billion, above the analyst consensus of $12.70 billion. The <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40740457/broadcom-inc-announces-third-quarter-fiscal-year-2024-financial-results-and-quarterly-dividend" rel="noreferrer noopener">adjusted gross margin</a> grew by 110 bps sequentially and 230 bps year-on-year to 77.4%.
JPMorgan analyst Harlan Sur projected upside, citing robust AI growth, VMware momentum, and recovery in <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750949/broadcom-analysts-lifts-ai-revenue-forecast-to-12b-on-potential-strong-demand-from-" rel="noreferrer noopener">traditional semiconductor sectors</a>.
Last week, Nvidia&#8217;s <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal" rel="noreferrer noopener">second-quarter topline</a> grew 122% to $30.04 billion, surpassing the analyst estimate of $28.68 billion. It expects third-quarter revenue of $31.85 billion-$33.15 billion versus the analyst consensus of $31.77 billion. The adjusted gross margin declined 320 bps sequentially and grew by 450 bps year-on-year.
BofA Securities analyst Vivek Arya maintained a bullish outlook backed by data center and AI training demand and <a target="_blank" href="https://www.benzinga.com/news/24/09/40737481/nvidias-future-tied-to-llms-and-gaming-despite-ai-capex-skepticism-remains-a-sector-favorite-analyst" rel="noreferrer noopener">supply chain recovery</a>.
VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>), which tracks the overall performance of the 25 largest U.S.-listed companies that produce semiconductors, including Nvidia, Taiwan Semiconductor, Broadcom, and AMD, has been down 12% in the last five days. iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) fell 12% in the previous five days.
Nvidia has been down 15% in the last five days. AMD lost over 10%, and Taiwan Semiconductor lost 8%. The selloff refused to subside despite assurances from <a target="_blank" href="https://www.benzinga.com/news/24/09/40735058/taiwan-semis-supplier-dismisses-selloff-projects-strong-ai-growth-surge" rel="noreferrer noopener">contract chipmakers like</a> Taiwan Semiconductor and Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) regarding sustained AI demand.
ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>), which corresponds to two times (2x) the daily performance of the Dow Jones U.S. Semiconductors&nbsp;Index, lost 26% in the last five days.
ETFs with exposure to riskier indexes noted volatility during the period. ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>), which corresponds to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Semiconductors Index, gained 28% in the last five days.
The ETFs tracking broader indexes like the S&amp;P 500 and NASDAQ saw relatively lesser value losses due to Big Tech stocks like Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 stock market index, including Big Tech stocks, lost 3.5% in the last five days. Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the NASDAQ index, lost 5% in the last five days.
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Semiconductor ETFs Take A Beating, Dragged Lower By Nvidia, AMD, and Broadcom Stocks

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) disclosed its plan to invest billions of dollars in Taiwan over the next 15 years. The investment aims to establish data centers, further expanding the company&#8217;s global footprint in Asia to meet the region&#8217;s increasing demand for cloud services.
What Happened: Amazon Web Services, the cloud computing arm of the Seattle-based tech giant, revealed on Tuesday its intention to launch an AWS infrastructure region in Taiwan by early 2025, <a href="https://www.wsj.com/tech/amazon-to-invest-billions-in-taiwan-cloud-infrastructure-2e6e935c?mod=latest_headlines">reported</a> The Wall Street Journal.
&#8220;The new infrastructure will enable organizations to unlock the full potential of the cloud and build with AWS technologies like compute, storage, databases, analytics, machine learning and artificial intelligence,&#8221; said Prasad Kalyanaraman, vice president of infrastructure services at AWS.
This investment in Taiwan follows AWS&#8217;s recent plans to spend $9 billion on expanding its cloud services in Singapore and a $15 billion investment in Japan to build cloud capacity.
Investors can gain exposure to the semiconductor sector via&nbsp;First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and&nbsp;ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>)
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39248555/nvidia-stock-poised-for-3rd-straight-down-day-whats-going-on-with-ai-stalwart?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Poised For 3rd Straight Down Day: What&#8217;s Going On With AI Stalwart</a>
Why It Matters: This move by Amazon comes at a time when the tech industry is witnessing a surge in cloud service demand. The company&#8217;s decision to expand its cloud infrastructure in Asia aligns with the region&#8217;s growing significance in the global tech landscape.
Earlier in the year, <a href="https://www.benzinga.com/news/24/04/38114840/rapid-aws-expansion-and-increased-cloud-spending-signals-strong-outlook-for-amazon-analyst">analysts predicted</a> a strong outlook for Amazon, citing an accelerated sales cycle and a significant shift in fiscal 2024 budgets towards infrastructure expenditure, hinting at a quicker migration to AWS. This investment in Taiwan further solidifies Amazon&#8217;s position in the cloud computing market.
However, the move also comes amid rising geopolitical tensions. The Taiwan-China conflict has been identified as a &#8220;common risk&#8221; for tech giants like Amazon, <a href="https://www.benzinga.com/news/24/02/37049135/china-taiwan-conflict-poses-common-risk-for-apple-amazon-tesla-and-other-magnificent-7-giants-jeremy">highlighting the potential</a> for a disruptive geopolitical event in China, which could impact access to crucial chip industries.
Amazon reported strong <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">first-quarter earnings</a>, including a 13% year-over-year increase in net sales, reaching $143.3 billion. 
Price Action: Amazon.com Inc closed at $187.23, marking a slight increase of 0.091% on Tuesday. After hours, the stock dipped 0.0053%. Overall, Amazon&#8217;s stock has seen a significant uptrend year to date, rising by 24.88%, according to data&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39249295/why-palantir-stock-is-falling-in-premarket-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Palantir Stock Is Falling In Premarket Today</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

Global

Markets

Amazon To Invest Billions In Taiwan Cloud Infrastructure, Expanding AWS Presence In Asia

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has significantly outperformed China&#8217;s largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), this year, highlighting Beijing&#8217;s challenges in advancing its domestic chip industry.
Despite China&#8217;s substantial semiconductor investment fund, Big Fund III, aimed at boosting local industry, SMIC needs to work on technological advancements, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-10/tsmc-s-premium-over-smic-shows-challenges-for-china-s-chip-fund?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
China can produce 7-nanometer chips but aims to progress to 5nm amid U.S. export controls.
TSMC, however, uses advanced extreme ultraviolet lithography to manufacture 3nm chips, a capability not accessible to China due to these restrictions.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/06/39227871/nvidias-ai-chip-has-a-tough-competitor-from-china-huaweis-latest-ascend-910b" rel="noreferrer noopener">Nvidia&#8217;s AI Chip Has A Tough Competitor From China &#8211; Huawei&#8217;s Latest Ascend 910B</a>
Bloomberg Intelligence analyst Charles Shum noted that even if SMIC could produce 5nm chips, costs would be significantly higher without EUV equipment.
The gap is about more than just reaching technological levels; it is about achieving them cost-effectively.
<a target="_blank" href="https://www.benzinga.com/government/24/06/39181228/whats-going-on-with-taiwan-semiconductor-stock-on-wednesday" rel="noreferrer noopener">Recent reports indicated</a> that Chinese AI chip firms are downgrading designs to fulfill the U.S. sanctions, underscoring the importance of TSMC.
TSMC&#8217;s May sales grew by 30% to $7.1 billion, <a target="_blank" href="https://www.benzinga.com/news/24/06/39226348/taiwan-semi-rides-ai-wave-reports-7-1b-revenue-in-may" rel="noreferrer noopener">driven by the AI frenzy</a>. The key Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier expects the AI to drive a sector-wide recovery in 2024.
SMIC&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/05/39010105/taiwan-semi-leads-while-chinas-smic-climbs-to-third-in-global-chip-market" rel="noreferrer noopener">market share climbed</a> to 6% in the first quarter, putting it in third place behind TSMC and Samsung Foundry, which held 62% and 13%, respectively.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11040758/newplot-23.png" alt="" class="wp-image-381463" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11040758/newplot-23.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11040758/newplot-23-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Taiwan Semiconductor stock gained over 57% in the last 12 months. Investors can gain exposure to the semiconductor sector via First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>).
Price Action: TSM shares were trading lower by 1.00% to $166.47 premarket at the last check Tuesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39211505/broadcom-rises-as-top-ai-chip-supplier-after-nvidia-thanks-to-google-and-meta-partnerships-analyst" rel="noreferrer noopener">Broadcom Rises As Top AI Chip Supplier After Nvidia, Thanks To Google And Meta Partnerships: Analyst</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Ivan Marc via Shutterstock

Taiwan Semi Outperforms China's Top Chipmaker Amid Tech Challenges

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSMC#NYSE">TSMC</a>) saw a 30% increase in May sales, reaching $229.6 billion New Taiwan dollars ($7.1 billion), due to high demand for AI and recovering consumer electronics. 
As the world&#8217;s largest contract chipmaker, TSMC produces semiconductors for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which supplies companies like Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and OpenAI, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-07/tsmc-s-may-sales-rise-30-as-countries-race-to-secure-ai-chips?srnd=technology-vp&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reports</a>. 
Additionally, global smartphone sales rebounded in early 2023, boosting mobile chip orders.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39211505/broadcom-rises-as-top-ai-chip-supplier-after-nvidia-thanks-to-google-and-meta-partnerships-analyst" rel="noreferrer noopener">Broadcom Rises As Top AI Chip Supplier After Nvidia, Thanks To Google And Meta Partnerships: Analyst</a>
TSMC maintains high margins, producing advanced AI accelerators for Nvidia and semiconductors for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). CEO C.C. Wei expects AI development to drive a sector-wide recovery in 2024. The company is eying a price hike to <a href="https://www.benzinga.com/news/24/06/39170072/nvidia-amd-chips-to-get-dearer-as-taiwan-semi-eyes-ai-chip-price-hike" target="_blank" rel="noreferrer noopener">tap its moat</a>.
For 2024, TSMC expects a <a href="https://www.benzinga.com/news/24/06/39202508/whats-going-on-with-taiwan-semiconductor-stock-on-thursday">10% annual growth</a> in the semiconductor industry, excluding memory chips.
Nvidia and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google have significantly boosted the number of generative AI unicorns, nearly doubling the count to 37 by the end of April. 
This 85% increase from the previous year reflects the tech giants&#8217; investments in promising startups, the Nikkei Asia <a href="https://asia.nikkei.com/Business/Technology/Nvidia-Google-funding-helps-double-AI-unicorns-to-37-in-a-year" target="_blank" rel="noreferrer noopener">reports</a>.
Nvidia has invested in seven of the new unicorns, including Canada&#8217;s Cohere, while Alphabet has backed four, such as video generation specialist Runway. 
The global landscape has also diversified, with ten of the 17 new unicorns based outside the U.S., including China&#8217;s 01.AI and France&#8217;s Mistral AI. Major tech companies are driving this trend, shifting focus from electric vehicles and fintech to AI, aiming to capture new technologies and talent for expanding their services.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07034055/newplot-18.png" alt="" class="wp-image-376108" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07034055/newplot-18.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07034055/newplot-18-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
TSMC stock gained 62% in the last 12 months. Investors can gain exposure to the semiconductor sector via First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>).
Price Action: TSM shares were trading lower by 0.48% to $161.30 premarket at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Ivan Marc via Shutterstock

TSMC

Taiwan Semi Rides AI Wave, Reports $7.1B Revenue In May

On Thursday, Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) shares hit a record high due to the global AI frenzy.
Additionally, TSMC is in talks with ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) to acquire advanced lithography machines, <a target="_blank" href="https://www.benzinga.com/news/24/06/39185439/whats-going-on-with-taiwan-semi-supplier-asml-stock-on-wednesday" rel="noreferrer noopener">expected by year-end</a>.
Meanwhile, <a target="_blank" href="https://www.benzinga.com/government/24/06/39181228/whats-going-on-with-taiwan-semiconductor-stock-on-wednesday" rel="noreferrer noopener">Chinese AI chip firms</a> are designing less powerful processors to comply with U.S. sanctions, underscoring the importance of TSMC.
Recent reports indicated TSMC&#8217;s plans to raise the prices of its&nbsp;services.
TSMC also announced a buyback of 3.25 million shares and plans for a <a href="https://www.benzinga.com/news/24/06/39190595/tsmc-backed-vanguard-nxp-plan-on-building-7-8b-semiconductor-facility-in-singapore" target="_blank" rel="noreferrer noopener">$7.8 billion facility in</a> Singapore with Vanguard International Semiconductor and NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/06033354/newplot-14.png" alt="" class="wp-image-373888" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/06033354/newplot-14.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/06033354/newplot-14-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
TSMC&#8217;s surge followed Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock gains, which reached a record high, breaching Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) market cap. TSMC is a key technology supplier for Nvidia&#8217;s AI chips.
Nvidia looks to <a target="_blank" href="https://www.benzinga.com/news/24/06/39189567/whats-going-on-with-nvidia-stock-on-wednesday" rel="noreferrer noopener">boost its investments</a> in Taiwan, including constructing another supercomputer in Taiwan following the launch of Taipei-1 in 2023.
Interestingly, Nvidia has also tapped Samsung Electronics Co&nbsp;for high-bandwidth memory (HBM) chip supply and is eying Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) as a potential supplier as TSMC struggled with supply chain constraints.
TSMC, which won the crown of the leading global foundry with a 62% market share, indicated 10% annual growth in the semiconductor industry, excluding memory chips.
Analysts don&#8217;t see the fizzling of the AI demand anytime soon, hailing Nvidia as the key beneficiary. Nvidia&#8217;s moat extends beyond gaming, including artificial intelligence, <a target="_blank" href="https://www.benzinga.com/news/24/05/39086351/nvidia-could-surpass-microsoft-in-market-value-says-jim-cramer-heres-why" rel="noreferrer noopener">cloud computing, and data centers</a>.
TSMC stock gained over 63% in the last 12 months. Investors can gain exposure to the semiconductor sector via First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>).
Price Action: TSM shares were trading higher by 1.94% at $166.07 premarket at the last check on Thursday.
Photo by Jack Hong via Shutterstock

ASML

INTC

NXPI

What's Going On With Taiwan Semiconductor Stock On Thursday?

Concerns over rising interest rates and a barrage of <a href="https://www.benzinga.com/calendars/earnings">corporate earnings reports</a> continue to affect U.S. stocks.
What Happened: On Wednesday, April 17, all three major indexes opened in positive territory. But the market sentiment quickly soured. 
<ul>
<li>The S&amp;P 500 closed down approximately 0.6%</li>
<li>Dow Jones Industrial Average posted a more modest loss of 0.1%. </li>
<li>The tech-heavy Nasdaq Composite plunged over 1% by the day&#8217;s end.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/04/38306414/nvidia-stock-could-see-81-upside-by-2025-says-evercore-isi-only-in-the-beginning-phases-of-gener">Nvidia Stock Could See 81% Upside By 2025, Says Evercore ISI: &#8216;Only In The Beginning Phases Of Generating Outsized Returns&#8217;</a>
<h3 class="wp-block-heading">Tech: S&amp;P 500&#8217;s Worst Performing Segment</h3>
Tech giants played a pivotal role in driving the day&#8217;s market action. 
<ul>
<li>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) took a notable hit, tumbling nearly 4%</li>
<li>Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also saw a decline of over 1%. </li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) emerged as the worst-performing segment within the S&amp;P 500, shedding nearly 1.5%.</li>
<li>ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), the Dutch semiconductor equipment giant&#8217;s shares plummeted more than 7% following a disappointing quarterly update. </li>
</ul>
Despite resilient sales to China amidst U.S. restrictions, ASML missed order estimates, sending shockwaves through the chip sector.
Investors now brace for further fallout ahead of Taiwan Semiconductor Manufacturing Co Ltd&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) earnings report on Thursday, April 18. The company&#8217;s report will likely carry significant implications for the entire industry.
<h3 class="wp-block-heading">Nvidia-Focused ETFs In The Spotlight</h3>
Exchange-traded funds (ETFs) focused on Nvidia found themselves in the spotlight.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="451" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025637/Screenshot-2024-04-18-at-11.57.52-AM.png" alt="" class="wp-image-297254" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025637/Screenshot-2024-04-18-at-11.57.52-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025637/Screenshot-2024-04-18-at-11.57.52-AM-300x216.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
<h3 class="wp-block-heading">Top ETF Gainers On Wednesday</h3>
<ol>
<li>Direxion Daily Semiconductor Bear 3x Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#NYSE">SOXS</a>) surged by 7.63%; this bearish ETF capitalized on the downturn in semiconductor stocks.</li>
<li>ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDQ#NYSE">NVDQ</a>) posted a gain of 8.21%; this inverse ETF offered investors double the inverse exposure to Nvidia&#8217;s daily performance.</li>
<li>GraniteShares 2x Short NVDA Daily ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NYSE">NVD</a>) spiked 8.02%; this ETF leveraged a short position on Nvidia&#8217;s daily movements.</li>
<li>ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>) climbed 13.82; this ETF provided ultra-short exposure to the semiconductor sector, benefiting from the broader weakness in chip stocks.</li>
</ol>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="451" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025813/Screenshot-2024-04-18-at-11.59.05-AM.png" alt="" class="wp-image-297258" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025813/Screenshot-2024-04-18-at-11.59.05-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025813/Screenshot-2024-04-18-at-11.59.05-AM-300x216.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
<h3 class="wp-block-heading">Top ETF Losers On Wednesday</h3>
<ol>
<li>Direxion Daily Semiconductor Bull 3x Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>) plunged 7.71%</li>
<li>GraniteShares 2x Long NVDA Daily ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NYSE">NVDL</a>) slid 7.80%; this leveraged ETF magnified losses as Nvidia shares declined.</li>
<li>ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDX#NYSE">NVDX</a>) dropped 8.02%; this ETF doubled the exposure to Nvidia&#8217;s daily performance, resulting in amplified losses.</li>
<li>Direxion Daily NVDA Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NYSE">NVDU</a>) fell by 7.90%; this bullish ETF faced headwinds as Nvidia shares declined, eroding investors&#8217; returns.</li>
</ol>
As Nvidia-centric ETFs stole the limelight with their volatile movements, investors navigated through a landscape fraught with uncertainty. They can be seen grappling with divergent market forces and the ever-present specter of <a href="https://www.benzinga.com/topic/interest-rates">interest rate hikes</a>. 
Read Next: <a href="http://Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'">Jim Cramer Explains What Could Trigger Further Market Decline &#8211; &#8216;If You Want To Get Out, Go Ahead &#8230;&#8217;</a>

Movers

Trading Ideas

NVDL

NVDQ

NVDU

ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF

NVDX

SOXL

Nvidia ETFs Take Center Stage As Bears, Bulls Duke It Out With 8%-14% Swings

Legal

Sugar Industry Merger Challenged By Justice Department

Semiconductor equipment maker Lam Research Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrcx#NASDAQ">LRCX</a>) <a href="https://finance.yahoo.com/quote/LRCX/analysis?p=LRCX">topped estimates</a> for the fiscal first quarter 2021 and guided better than the street&#39;s expectations of revenue and earnings per share for the December quarter in its <a href="https://www.benzinga.com/pressreleases/20/10/g18003475/lam-research-corporation-reports-financial-results-for-the-quarter-ended-september-27-2020">earnings report</a>, late Wednesday.
The company expects softer margins in the second quarter.
Key Highlights:
<ul>
<li>Lam Research&#39;s Q1 revenue of $3.18 billion beat consensus by $70 million, growing 46.5% year-over-year and 14% sequentially.</li>
<li>Non-GAAP diluted EPS of $5.67 beat analyst estimates by 48 cents. Diluted EPS was $5.59.</li>
<li>System revenue, which includes sales of new leading-edge equipment in deposition, etch and clean markets, grew 57.35% year-over-year to $2.15 billion; customer support revenue crossed the billion mark for the first time, rising 28.5% year-over-year to $1.03 billion.</li>
<li>Non-GAAP gross margin grew 140 basis points sequentially to 47.4%, and non-GAAP operating margin rose 310 basis points sequentially to 30.2%.</li>
<li>The company generated $642.5 million in operating cash flow and ended the quarter with a cash balance of $4.38 billion.</li>
<li>Capital expenditure increased by 60% year-over-year to $62.8 million.</li>
</ul>
Outlook For Q2:
<ul>
<li>Lam Research expects revenue in the range of $3.1 billion to $3.5 billion, exceeding analyst consensus of $3.08 billion.</li>
<li>Non-GAAP diluted EPS expected in the range of $5.20 to $6.00, higher than the consensus of $5.16.</li>
<li>Non-GAAP gross margin&nbsp;in the range of 45% to 47%, and non-GAAP operating margin in the range of 28.5% to 30.5%</li>
</ul>
Management commentary: &quot;Our strong operational execution is enabling the [company] to meet our customers&#39; critical needs, providing a solid foundation to deliver on our long-term growth objectives,&quot; said Lam Research&nbsp;President and CEO Tim Archer.
&quot;As has been widely reporting, US regulations have impacted our ability to ship wafer fab equipment and parts to a large foundry customer in China. We are working with regulators on this issue and have applied for licenses to ship equipment and parts that are subject to the restrictions. As a result of the current situation, our December quarter guidance reflects an impact to sales to this customer,&quot; Tim said on the <a href="https://www.nasdaq.com/articles/lam-research-corp-lrcx-q3-2020-earnings-call-transcript-2020-10-22">company&#39;s conference call</a>.
&quot;From a market perspective, we see positive momentum in the underlying drivers of semiconductor growth and believe this translates into a healthy outlook for Lam&#39;s business,&quot; he added.
&quot;Third-party data suggests that growth in PC, notebook and workstation shipments in the calendar third quarter surpassed a 10-year high to reach record levels,&quot; said Tim.
Price Action: LRCX shares fell 2.08% to $366.62 in the after-hours session Wednesday.

Earnings

Guidance

LRCX

US Regulations Hampered Lam Research's Q1 Business With China

The price of crude oil hit a new five-year low over the weekend after OPEC refused to cut production. As ugly as the chart is for oil, it is not alone with a number of other <a href="http://www.benzinga.com/topic/commodities">commodities</a> trading at or near lows.
<ul>
<li>
		iPath Bloomberg Cotton Subindex Total Return SM Index (NYSE: <a class="ticker" href="/stock/bal#NYSE">BAL</a>) is trading near a four-year low</li>
<li>
		iPath Bloomberg Copper Subindex Total Return Sub-Index (NYSE: <a class="ticker" href="/stock/jjc#NYSE">JJC</a>) hit a new five-year low</li>
<li>
		iPath Bloomberg Sugar Subindex Total Return Sm Index (NYSE: <a class="ticker" href="/stock/sgg#NYSE">SGG</a>) is a few ticks from a four-year low.</li>
</ul>

	While it may appear to be the end of the road for the commodity ETFs and ETNs, not all are created equally.

	There are sub-sectors in the commodity sector that have been able to hold up better than the broad sector. When the time comes that commodities as a whole start to attract money, it will likely be led by the sub-sectors that have held up the best during the downturn.

	Several of the top-performing commodity funds this year to keep an eye on are listed below.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/markets/commodities/14/09/4829225/pan-american-silver-corp-trading-right-at-key-support-will-it-hold">Pan-American Silver Corp. Trading Right At Key Support; Will It Hold?</a></bzrelatedlink>
<h3>
	Livestock</h3>

	The iPath Bloomberg Livestock Total Return Sub-Index ETN (NYSE: <a class="ticker" href="/stock/cow#NYSE">COW</a>) is up over 18 percent this year, beating the S&amp;P 500 as well as the broad commodity index. The ETN is composed of an unleveraged investment in the futures contracts of live cattle and lean hogs. With the former commodity making up 67 percent of the portfolio and the latter accounting for the remainder.
<h3>
	Coffee</h3>

	The iPath Bloomberg Coffee Subindex Total Return SM Index (NYSE: <a class="ticker" href="/stock/jo#NYSE">JO</a>) is up an amazing 61 percent in 2014, as there have been supply issues with the commodity. The ETN tracks an unleveraged investment in one futures contract on coffee.
<h3>
	Aluminum</h3>

	The iPath Bloomberg Aluminum Subindex Total Return SM (NYSE: <a class="ticker" href="/stock/jju#NYSE">JJU</a>) has also had a solid year, up 10 percent since the start of 2014. Similar to the other ETNs, the vehicle tracks an unleveraged investment in one futures contract on aluminum. The metal as been strong this year as supply issues and increasing demand have resulted in the outperformance.

Long Ideas

Commodities

iPath DJ-UBStton SubindexTotal Return ETN

iPath Dow Jones UBSpper Subindex Total Return ETN

iPath DJ-UBS Aluminum Subindex Total Return ETN

iPath DJ-UBSffee Subindex Total Return ETN

iPath DJ-UBS Sugar Subindex Total Return ETN

Commodity ETNs Not Crashing

Big Winners (Up at least 5%): WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>), PowerShares India Portfolio (NYSE: <a class="ticker" href="/stock/pin#NYSE">PIN</a>), iPath MSCI India ETN (NYSE: <a class="ticker" href="/stock/inp#NYSE">INP</a>), Direxion Daily India Bull 3X Shares (NYSE: <a class="ticker" href="/stock/indl#NYSE">INDL</a>) and the Direxion Daily Semiconductor Bull 3X Shares (NYSE: <a class="ticker" href="/stock/soxl#NYSE">SOXL</a>).

	Big Losers (Down at least 5%): ProShares Ultra Silver (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>), ProShares UltraShort Semiconductors (NYSE: <a class="ticker" href="/stock/ssg#NYSE">SSG</a>) and the Direxion Daily Semiconductor Bear 3X Shares (NYSE: <a class="ticker" href="/stock/soxs#NYSE">SOXS</a>).

	Unusual Volume (All over 5X ADV): WisdomTree Global ex-US Utilities ETF (NYSE: <a class="ticker" href="/stock/dbu#NYSE">DBU</a>), EGShares GEMS Composite ETF (NYSE: <a class="ticker" href="/stock/agem#NYSE">AGEM</a>), Global X China Energy ETF (NYSE: <a class="ticker" href="/stock/chie#NYSE">CHIE</a>), SPDR Morgan Stanley Technology ETF (NYSE: <a class="ticker" href="/stock/mtk#NYSE">MTK</a>) and the PowerShares NASDAQ Internet Portfolio (NASDAQ: <a class="ticker" href="/stock/pnqi#NASDAQ">PNQI</a>).

	Must reads of the day:

	August was not a total wash for <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/09/3886878/some-em-etfs-were-pretty-good-in-august">emerging markets ETFs</a>.

	Read this from Barron's if <a href="http://blogs.barrons.com/focusonfunds/2013/09/04/gold-cheer-on-the-rise-but-wait-out-the-etf-inflows/?mod=BOLBlog">you're a goldbug</a>.

	More on the bond fund rout. It is <a href="http://www.bloomberg.com/news/2013-09-04/pimco-total-return-fund-lost-14-of-assets-in-four-months.html">getting really nasty</a> for some all-star managers.

	Central Bank Recap:

	<a href="http://www.bloomberg.com/news/2013-09-04/head-and-shoulders-favors-aussie-bofa-says-technical-analysis.html">Aussie dollar</a>.

	<a href="http://www.bloomberg.com/news/2013-09-04/canadian-dollar-remains-higher-after-central-bank-rate-decision.html">Canadian Dollar</a>.

	Bank of England and <a href="http://www.etftrends.com/2013/09/central-bank-bonanza-could-impact-japan-u-k-etfs/">Bank of Japan preview</a>.

	Emerging markets view courtesy of <a href="http://www.blackrockblog.com/2013/09/03/4-signposts-watch-emerging-markets-turnaround/">the BlackRock blog</a>.

	To have ETF-related content featured in Benzinga's Mandatory ETF Reading, please contact me on Twitter <a href="https://twitter.com/ETFProfessor1">@ETFProfessor1</a>.

New ETFs

Emerging Market ETFs

Currency ETFs

After-Hours Center

AGEM

CHIE

WisdomTree Trust International Utilities Sector Fund

INDL

PNQI

Benzinga's Mandatory ETF Reading for September 4, 2013 

Shares of Applied Materials (NASDAQ: <a class="ticker" href="/stock/amat#NASDAQ">AMAT</a>) are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are higher by 4.09%, trading at $13.75; they ended the regular session higher by 2.40%, at $13.21. 

Applied Materials reported Q1 non-GAAP EPS of $0.18 (GAAP $0.09) on revenues of $2.19 billion. Q1 orders came in at $2.01 billion.

"Global demand for mobile devices is driving a third consecutive year of strong capital investment by semiconductor customers," said Mike Splinter, chairman and chief executive officer. "As a result, we see solid order momentum and an improved outlook overall for our second quarter."

During the quarter, Varian generated orders of approximately $270 million and net sales of approximately $200 million which were reported within the Silicon Systems Group (<a class="ticker" href="/stock/ssg#">SSG</a>) and the Applied Global Services (AGS) segments. 

The Varian business contributed approximately $0.01 to the company's non-GAAP EPS, which excludes acquisition-related charges equivalent to approximately $0.09 per share.

The company sees Q2 EPS in the range of $0.20-0.28.

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic and related industries.

AMAT

Applied Materials Jumps on Stellar Q1 Earnings

Novellus Systems (NASDAQ: <a class="ticker" href="/stock/nvls#NASDAQ">NVLS</a>) is scheduled to report its second-quarter 2011 results Monday after the closing bell, offering an early peek at what to expect from coming earnings from semiconductor companies. Analysts expect to see Novellus's per-share earnings up nearly 12% from a year ago but down about 27% from the previous quarter. 

While Novellus does not make the following list, here are six semiconductor stocks that are trading in the neighborhood of their 52-week highs.

Avago Technologies (NASDAQ: AVGO): After recent meetings with Avago management, Citigroup raised its price target on the stock and Kaufman Brothers forecast a stronger second half 2011 for the company. The dividend yield is 0.8% and the long-term EPS growth forecast is 12.1%. The share price is more than 33% higher than at the beginning of the year. The stock has outperformed competitor Analog Devices (NYSE: <a class="ticker" href="/stock/adi#NYSE">ADI</a>) and the industry average in that time.

Cypress Semiconductor (NASDAQ: <a class="ticker" href="/stock/cy#NASDAQ">CY</a>): Cypress was recently named a top pick by Collins Stewart, and the company is expected to post year-over-year earnings and revenue growth on July 21. Analysts on average underestimated per-share earnings in the past five quarters, and the long-term EPS growth forecast is 16.1%. The stock appears poised to recapture the 52-week high of $23.95 per share from back in May; the share price is up more than 25% year to date.

EZchip Semiconductor (NASDAQ: <a class="ticker" href="/stock/ezch#NASDAQ">EZCH</a>): After seeing record revenues in the fourth quarter, EZchip reported disappointing revenue results in the first quarter, but expects the launch of its NP-4 to help it regain momentum. The long-term EPS growth forecast is 24.6%. The share price is more than 33% higher year to date; the stock has outperformed competitor Broadcom (NASDAQ: <a class="ticker" href="/stock/brcm#NASDAQ">BRCM</a>) and the semiconductor equipment industry average, as well as the broader markets, in that time.

Intel (NASDAQ: <a class="ticker" href="/stock/intc#NASDAQ">INTC</a>): Intel seems poised to benefit from corporations that can no longer delay enterprise equipment purchases, as well as Japanese companies rebuilding following the earthquake and tsunami in March. Intel has a dividend yield of 2.9% and a return on equity of 24.4%. The share price is nearly 12% higher than six months ago. The stock has outperformed competitors Advance Micro Devices (NYSE: <a class="ticker" href="/stock/amd#NYSE">AMD</a>) and Texas Instruments (NYSE: <a class="ticker" href="/stock/txn#NYSE">TXN</a>) in that time.

Varian Semiconductor Equipment (NASDAQ: <a class="ticker" href="/stock/vsea#NASDAQ">VSEA</a>): Applied Materials (NASDAQ: <a class="ticker" href="/stock/amat#NASDAQ">AMAT</a>) agreed to acquire Varian back in May, and Varian is expected to post 40% EPS and revenue growth in its July 28 quarterly report. Short interest has risen since the takeover announcement and is now 3.7% of the float. The share price recently hit a multiyear high of $62.00 and ended last week more than 66% higher than at the beginning of the year.

Xlinx (NASDAQ: <a class="ticker" href="/stock/xlnx#NASDAQ">XLNX</a>): This maker of programmable logic devices reported record revenue results for fiscal 2011, and its CFO recently bought 14,500 shares. Xilinx has a dividend yield of 1.8% and a return on equity of 15.0%. The long-term earnings per share growth forecast is 12.2%. Its P/E ratio is less than the industry average. Shares reach a multiyear high of $37.37 last week. The stock has outperformed its industry average, but underperformed rival Altera (NASDAQ: <a class="ticker" href="/stock/altr#NASDAQ">ALTR</a>) year to date.

Action Items:

Bullish: Traders optimistic about the semiconductors industry also might want to consider the following trades:

<ul><li>PowerShares Dynamic Semiconductors Portfolio (NYSE: <a class="ticker" href="/stock/psi#NYSE">PSI</a>)</li>
<li>SPDR S&amp;P Semiconductor ETF (NYSE: <a class="ticker" href="/stock/xsd#NYSE">XSD</a>)</li>
<li>ProShares Ultra Semiconductors (NYSE: <a class="ticker" href="/stock/usd#NYSE">USD</a>)</li></ul>

Bearish: Traders pessimistic about the semiconductors industry may want to consider these alternate positions:

<ul><li>ProShares UltraShort Semiconductors (NYSE: <a class="ticker" href="/stock/ssg#NYSE">SSG</a>)</li>
<li>Direxion Daily Semiconductor Bear 3x Shares (NYSE: <a class="ticker" href="/stock/soxs#NYSE">SOXS</a>)</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Short Ideas

ALTR

BRCM

EZCH

NVLS

VSEA

XLNX

Six Semiconductor Stocks Trading Near 52-Week Highs

Novellus Systems (NASDAQ: <a class="ticker" href="/stock/nvls#NASDAQ">NVLS</a>) will be reporting its second-quarter 2011 results Monday, July 11, after the closing bell. While Novellus is not usually a sector mover, investors will be looking for early signs of what to expect from tech sector earnings.

Analysts are looking for Novellus to report per-share earnings of $0.76, which is up from $0.67 per share in the same period of last year. The consensus earnings estimate is unchanged in the past 60 days. Analysts also expect to see revenues of $352.3 million, an increase of 9.6% from a year ago.

Note that Novellus earnings have grown in each of the past five quarters, topping consensus estimates each time. And analysts so far are looking for full-year EPS to be 15.4% higher than a year ago and revenues to come in 11.1% higher.

The Company

Novellus Systems develops, manufactures, sells and supports equipment used in the fabrication of integrated circuits. The San Jose, California-based company operates in two segments: the Semiconductor Group and the Industrial Applications Group. It markets its products primarily in Europe, the United States and Asia. 

During the three months that ended in June, Novellus offered cautious guidance for the second quarter and announced a senior note offering. Novellus also was the subject of takeover rumors.

Performance

The long-term earnings per share growth forecast is 13.0% and the return on equity is 20.9%. Novellus has a P/E ratio of 10.2 and a PEG ratio is 0.8. Analysts have a mean price target on the stock of $37.71 per share; shares ended the week at $35.97.

The share price is more than 16% higher than six months ago. During that time, the stock has outperformed competitor Applied Materials (NASDAQ: <a class="ticker" href="/stock/amat#NASDAQ">AMAT</a>) and the semiconductor equipment industry average, as well as the broader markets.

Action Items:

Bullish: Traders optimistic about the semiconductors industry also might want to consider the following trades:

<ul><li>PowerShares Dynamic Semiconductors Portfolio (NYSE: <a class="ticker" href="/stock/psi#NYSE">PSI</a>)</li>
<li>SPDR S&amp;P Semiconductor ETF (NYSE: <a class="ticker" href="/stock/xsd#NYSE">XSD</a>)</li>
<li>ProShares Ultra Semiconductors (NYSE: <a class="ticker" href="/stock/usd#NYSE">USD</a>)</li></ul>

Bearish: Traders pessimistic about the semiconductors industry may want to consider these alternate positions:

<ul><li>ProShares UltraShort Semiconductors (NYSE: <a class="ticker" href="/stock/ssg#NYSE">SSG</a>)</li>
<li>Direxion Daily Semiconductor Bear 3x Shares (NYSE: <a class="ticker" href="/stock/soxs#NYSE">SOXS</a>)</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Previews

Novellus Earnings Preview: An Early Peek at Tech Earnings

Here is the ETF Professor's ETF Watch List for Monday April 4, 2011.

Is something wrong with chip stocks? Find the answer with the ProShares UltraShort Semiconductors (NYSE: <a class="ticker" href="/stock/ssg#NYSE">SSG</a>).

Give this new ETF a whirl to play agriculture: IQ Global Agribusiness Small Cap ETF (NYSE: <a class="ticker" href="/stock/crop#NYSE">CROP</a>).

The PowerShares Financial Preferred ETF (NYSE: <a class="ticker" href="/stock/pgf#NYSE">PGF</a>) continues to be a solid performer.

Play the midcap boom with the Direxion Daily Mid Cap Bull 3X Shares (NYSE: <a class="ticker" href="/stock/mwj#NYSE">MWJ</a>).

Emerging markets plays of the day: iShares MSCI Chile Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ech#NYSE">ECH</a>), Market Vectors Russia ETF (NYSE: <a class="ticker" href="/stock/rsx#NYSE">RSX</a>) and the SPDR S&amp;P Emerging Europe (NYSE: <a class="ticker" href="/stock/gur#NYSE">GUR</a>).

Forex play of the day: ProShares UltraShort Euro (NYSE: <a class="ticker" href="/stock/euo#NYSE">EUO</a>).

Bond play of the day: iShares JPMorgan USD Emerging Markets Bond ETF (NYSE: <a class="ticker" href="/stock/emb#NYSE">EMB</a>).

Pre-Market Outlook

CROP

iShares JPMorgan USD Emerging Markets Bond Fund

PowerShares Exchange Traded Fund Financial Preferred Portfolio

Market Vectors Russia ETF Trust Shares of Beneficial Interest

ETFs To Watch April 4, 2011 (CROP, GUR, MWJ, EMB)

Direxion Daily Semiconductor Bear 3X Shares (NYSE: <a class="ticker" href="/stock/soxs#NYSE">SOXS</a>) led the decliners among the ETFs today, with a 6.03% loss. SOXS traded lower, as the semiconductor stocks traded higher. Altera Corporation (NASDAQ: <a class="ticker" href="/stock/altr#NASDAQ">ALTR</a>) gained 4.01% today.
ProShares Ultra DJ-UBS Crude Oil (NYSE: <a class="ticker" href="/stock/uco#NYSE">UCO</a>) traded lower on Friday, along with crude oil. UCO lost 4.00%, and crude oil fell below $90.
iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: <a class="ticker" href="/stock/bal#NYSE">BAL</a>) fell 3.50%, as cotton futures showed some weakness. BAL closed at $84.05, and it had a volume of 91.6K traded shares.
ProShares UltraShort Semiconductors(<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/ssg#NYSE">SSG</a>) is another bear market semiconductor ETF that struggled today. SSG fell 3.05%, and closed at $9.23.

Aberdeen Emerging Markets Telecommunications & Infrastructure Fund

Benzinga's Top ETF Decliners, February 4th (SOXS, UCO, BAL, SSG)

Effective Friday, October 15, 2010, iShares S&amp;P North American Technology-Semiconductors Index Fund (<a class="ticker" href="/stock/igw#">IGW</a>) changed its name and ticker symbol to iShares PHLX SOX Semiconductor Sector Index Fund (SOXX).  The CUSIP did not change, but the PHLX (Philadelphia Stock Exchange) is owned by Nasdaq so the listing changed from the NYSE to Nasdaq.
The underlying index also changed to the PHLX Semiconductor Sector Index, which has been the benchmark semiconductor index since its introduction in 1993.  It remains a mystery as to why it took so long for an unleveraged ETF tracking the SOX index to become available.  The <a href="http://investwithanedge.com/category/etf-statistics" target="_blank">ETF statistics</a> will treat this as an ETF change – not a closure and launch.
<a href="http://us.ishares.com/product_info/fund/overview/SOXX/index.htm" target="_blank">SOXX overview</a> indicates 31 current holdings with the largest being Broadcom Corp Class A (<a class="ticker" href="/stock/brcm#">BRCM</a>) 8.7%, Texas Instruments (<a class="ticker" href="/stock/txn#">TXN</a>) 8.6%, Applied Materials (<a class="ticker" href="/stock/amat#">AMAT</a>) 8.0%, Intel (<a class="ticker" href="/stock/intc#">INTC</a>) 7.5%, and Marvell Technology Group (<a class="ticker" href="/stock/mrvl#">MRVL</a>) 6.3%.  The expense ratio remains at 0.48%.
The current version of the <a href="http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/fact_sheet/soxx.pdf&amp;mimeType=application/pdf" target="_blank">SOXX fact sheet</a> (pdf) still contains many references to the previous underlying index as it was the official index at the end of the quarter.  Check back in January 2011 for updated information.
The currently quantity of semiconductor ETFs is eight:
<ol>
<li>iShares PHLX SOX Semiconductor Sector Index Fund (SOXX) (<a href="http://us.ishares.com/product_info/fund/overview/SOXX/index.htm" target="_blank">SOXX overview</a>) tracks the PHLX SOX Semiconductor Index of 31 stocks with an expense ratio of 0.48%</li>
<li>HOLDRS Semiconductor (<a class="ticker" href="/stock/smh#">SMH</a>) (<a href="http://www.holdrs.com/holdrs/main/index.asp?Action=HOLDROutstanding&amp;SubAction=SMH&amp;HoldrName=Semiconductor%A0HOLDRS" target="_blank">SMH overview</a>) is based on static holdings of 18 stocks with an approximate expense ratio of 0.28%</li>
<li>SPDR S&amp;P Semiconductor (<a class="ticker" href="/stock/xsd#">XSD</a>) (<a href="https://www.spdrs.com/product/fund.seam?ticker=XSD" target="_blank">XSD overview</a>) tracks the S&amp;P Semiconductor Index of 26 stocks with an expense ratio of 0.35%</li>
<li>PowerShares Dynamic Semiconductor (<a class="ticker" href="/stock/psi#">PSI</a>) (<a href="http://www.invescopowershares.com/products/overview.aspx?ticker=PSI" target="_blank">PSI overview</a>) tracks the Dynamic Semiconductors Intellidex Index of 30 stocks with an expense ratio of 0.60%</li>
<li>ProShares Ultra Semiconductors (<a class="ticker" href="/stock/usd#">USD</a>) (<a href="http://www.proshares.com/funds/usd_index.html" target="_blank">USD overview</a>) tracks 200% the daily performance of the Dow Jones U.S. Semiconductor Index of 51 stocks with an expense ratio of 0.95%</li>
<li>ProShares UltraShort Semiconductors (<a class="ticker" href="/stock/ssg#">SSG</a>) (<a href="http://www.proshares.com/funds/ssg.html" target="_blank">SSG overview</a>) tracks 200% the daily inverse performance of the Dow Jones U.S. Semiconductor Index of 51 stocks with an expense ratio of 0.95%</li>
<li>Direxion Daily Semiconductor Bull 3x (<a class="ticker" href="/stock/soxl#">SOXL</a>) (<a href="http://www.direxionshares.com/etf/semibu_3x_shares.html" target="_blank">SOXL overview</a>) tracks 300% the daily performance of the PHLX SOX Semiconductor Index of 31 stocks with an expense ratio of 0.95%</li>
<li>Direxion Daily Semiconductor Bear 3x (<a class="ticker" href="/stock/soxs#">SOXS</a>) (<a href="http://www.direxionshares.com/etf/semibe_3x_shares.html" target="_blank">SOXS overview</a>) tracks 300% the daily inverse performance of the PHLX SOX Semiconductor Index of 31 stocks with an expense ratio of 0.95%</li>
</ol>
Disclosure covering writer, editor, and publisher:  No positions in any of the securities mentioned.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.
<img src="http://investwithanedge.com/?ak_action=api_record_view&amp;id=11280&amp;type=feed" alt="" />

iShares Trust S&P Semiconductor Index Fund

MRVL

Semiconductor ETF Goes From IGW to SOXX

<a rel="attachment wp-att-11537" href="http://etfdailynews.com/blog/2010/04/22/a-new-wave-of-capex-spending-on-it-could-provide-a-major-boost-to-these-semiconductor-etfs/semiconductor-2/"><img class="alignleft size-full wp-image-11537" title="semiconductor" src="http://etfdailynews.com/blog/wp-content/uploads/2010/04/semiconductor.jpg" alt="" width="110" height="110" /></a>“The ProShares UltraShort Semiconductors ETF (NYSE: <a class="ticker" href="/stock/ssg#NYSE">SSG</a>) — This ETF seeks daily investment results that are twice the inverse of the daily performance of the Dow Jones U.S. Semiconductor(...) Read the rest of <a href="http://etfdailynews.com/blog/2010/09/15/if-the-market-stumbles-this-inverse-etf-could-make-a-run-ssg/">If The Market Stumbles, This Inverse ETF Could Make A Run (<a class="ticker" href="/stock/ssg#">SSG</a>)</a> 
Copyright 2010 ETFDAILYNEWS.COM 
The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent of ETFDailyNews.
<CENTER> 
<a href="http://www.moneyshow.com/flfa/main.asp?sCode=019553" target="_blank"> 
<img src="http://etfdailynews.com/blog/wp-content/uploads/2010/08/120x90-MoneyShow.jpg" /> 
</a> 
</center>

If The Market Stumbles, This Inverse ETF Could Make A Run (SSG)

Press Releases

ProShares Announces ETF Share Splits

BITI

BOIL

SDOW

SQQQ

ProShares UltraShort Semiconductors -2x Shares

3월 18일 개막한 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GPU 기술 컨퍼런스(GTC)는 인공지능(AI)과 반도체에 대한 또 다른 열기를 위한 토대를 마련했다. 과거 실적을 바탕으로 볼 때 이번 행사는 <a href="https://www.benzinga.com/etfs">일부 ETF</a>에 새로운 모멘텀을 가져다줄 수 있다.
지난 3월에 열렸던 GTC 이후 다음 펀드들은 상승세를 보였다.
<ul>
<li>ProShares UltraShort Semiconductors(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>) — 운용자산(AUM) 28.3% 증가 (YCharts 기준), 가격 13.33% 상승</li>
<li>Direxion Daily NVDA Bear 1X Shares(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDD#NASDAQ">NVDD</a>) — AUM 119.9% 증가, 가격 8.69% 상승</li>
<li>Direxion Daily Semiconductor Bear 3x Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#NYSE">SOXS</a>) — AUM 51% 감소, 가격은 8.1% 상승</li>
</ul>
운용자산이 증가했다는 것은 투자자들이 이를 통해 반도체 변동성에 대한 헤지 또는 트레이딩을 활발히 하고 있다는 것을 의미한다. GTC에 대한 관심이 높아진 만큼, 이벤트가 끝난 후에도 이러한 추세가 재현될 수 있다.
<h3>이번에는 다를까?</h3>
올해 GTC는 엔비디아뿐만 아니라 브로드컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), TSMC(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), 비스트라(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) 같은 다른 기술 대기업들에게도 큰 의미가 있다. 심지어 D-웨이브 퀀텀(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) 같은 양자 컴퓨팅 관련 주식들도 후폭풍을 경험할 수 있다.
흥미로운 점은 엔비디아가 중국어로 진행하는 세션의 수가 많다는 점이다. 테크크런츠(TechCrunch)에 따르면 바이두(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), 알리바바(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) 클라우드, 바이트댄스 같은 주요 중국 기업들이 포함되어 있다. 그러나 지난번 엔비디아 주가를 흔들었던 딥시크는 이번 라인업에 포함되지 않았다.
딥시크의 급성장은 중국 정부의 주목을 받게 되었고, 일부 직원들이 여행 금지 조치를 받았다는 보도도 있었다. GTC에서 딥시크가 빠진 것은 AI 부문에 대한 지정학적 불확실성을 강화할 수 있으며, 이는 향후 몇 주 동안 ETF에 영향을 미칠 수 있는 또 다른 요소이다.
<h3 class="wp-block-heading">GTC 이후 주목할 점</h3>
지난 GTC에서 엔비디아의 블랙웰 GPU가 공개되었고, 이번에는 또 다른 중요한 발표가 있을 것으로 보인다. 이는 반도체 ETF의 새로운 랠리를 예고할 수도 있지만 변동성 확대를 의미하기도 한다.
또한 중국 대기업들이 GTC에 참가하면서 미중 AI 경쟁에 대한 투자자 심리가 ETF 성과에 영향을 미칠 수 있다.
트레이더들은 지난 12개월 동안의 추세를 볼 때 반도체 강세와 약세 추세에 베팅하기 위해 NVDD, SSG, SOXS와 같은 펀드를 다시 동원할 수 있다.
엔비디아의 GTC는 AI와 반도체 시장을 형성해온 역사를 지닌다. 추가 상승이든 차익 실현이든, 작년 성공의 물결을 탔던 ETF는 GTC 이후 세계를 탐색할 때 트레이더가 다시 선택할 수 있는 수단이 될 수 있을 것이다.
이미지: Shutterstock
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대만 반도체 제조(TSMC)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)는 AI에 대한 높은 수요와 가전 제품 회복으로 인해 5월 매출이 30% 증가하여 2,296억 신 대만달러(71억 달러)에 도달했다.
Taiwan Semi, AI Wave를 타고 5월에 71억 달러 매출 보고
블룸버그는 세계 최대의 계약 칩 제조업체인 TSMC가 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) 및 오픈AI와 같은 회사들에 공급하는 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)의 반도체를 생산한다고 <a href="https://www.bloomberg.com/news/articles/2024-06-07/tsmc-s-may-sales-rise-30-as-countries-race-to-secure-ai-chips?srnd=technology-vp&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">보도</a>했다.
또한, 2023년 초 글로벌 스마트폰 판매가 반등하면서 모바일 칩 주문이 증가했다.
또 읽기: <a href="https://www.benzinga.com/news/24/06/39211505/broadcom-rises-as-top-ai-chip-supplier-after-nvidia-thanks-to-google-and-meta-partnerships-analyst" target="_blank" rel="noreferrer noopener">브로드컴은 구글과 메타 파트너십 덕분에 엔비디아 다음으로 최고의 AI 칩 공급업체로 부상</a>
TSMC는 엔비디아용 고급 AI 가속기와 애플(NASDAQ:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/aapl" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for AAPL">AAPL</a>) 및 어드밴스드 마이크로 디바이시스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)용 반도체를 생산하여 높은 마진을 유지하고 있다. CEO C.C. 웨이는 AI 개발이 2024년에 업계 전반의 회복을 주도할 것으로 기대한다. 이 회사는 <a href="https://www.benzinga.com/news/24/06/39170072/nvidia-amd-chips-to-get-dearer-as-taiwan-semi-eyes-ai-chip-price-hike" target="_blank" rel="noreferrer noopener">해자를 활용하기 위해</a> 가격 인상을 고려하고 있다.
TSMC는 2024년에 메모리 칩을 제외한 반도체 산업이 연간 <a href="https://www.benzinga.com/news/24/06/39202508/whats-going-on-with-taiwan-semiconductor-stock-on-thursday">10%</a> 성장할 것으로 예상하고 있다.
엔비디아와 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)의 구글은 생성 AI 유니콘의 수를 크게 늘려 4월 말까지 그 수를 37개로 거의 두 배로 늘렸다.
전년 대비 85% 증가한 이 수치는 유망 스타트업에 대한 거대 기술 기업의 투자를 반영한다고, 닛케이 아시아가 <a href="https://asia.nikkei.com/Business/Technology/Nvidia-Google-funding-helps-double-AI-unicorns-to-37-in-a-year" target="_blank" rel="noreferrer noopener">보도</a>했다.
엔비디아는 캐나다의 코히어(Cohere)를 포함하여 7개의 새로운 유니콘에 투자했으며, 알파벳은 비디오 생성 전문 기업인 런웨이(Runway)와 같은 4개의 유니콘을 지원했다.
글로벌 환경도 다양해졌다. 새로운 유니콘 17개 중 10개는 중국의 01.AI, 프랑스의 미스트랄(Mistral) AI를 포함해 미국 이외의 지역에 기반을 두고 있다. 주요 기술 기업들은 서비스 확장을 위한 새로운 기술과 인재 확보를 목표로 전기 자동차와 핀테크에서 AI로 초점을 전환하면서 이러한 추세를 주도하고 있다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-376108" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07034055/newplot-18.png" sizes="(max-width: 750px) 100vw, 750px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07034055/newplot-18.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07034055/newplot-18-300x260.png 300w" alt="" width="750" height="650" /></figure>
TSMC 주가는 지난 12개월 동안 62% 상승했다. 투자자들은 First Trust Nasdaq Semiconductor ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) 및 ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>)를 통해 반도체 부문에 대한 노출을 얻을 수 있다.
가격 행동: 금요일 미국에 상장된 TSMC의 주식은 1.43% 상한 164.39달러에 마감했다.
면책 성명: 이 콘텐츠는 인공지능 도구의 도움을 받아 부분적으로 제작되었으며 Benzinga 편집자들이 검토하고 게시했다.
사진은 Shutterstock의 Ivan Marc가 촬영했습니다.

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