ProShares Ultra Semiconductors (ARCA: USD)

에 대한 최신 뉴스 ProShares Ultra Semiconductors (ARCA:USD)

ProShares Ultra Semiconductors

Technology

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is designed to measure the stock performance of U.S. companies in the semiconductors subsector. Component companies include, among others, those engaged in the production and distribution of semiconductors and other integrated chips, as well as other related products such as semiconductor capital equipment and motherboards. The Index is published under the Bloomberg ticker symbol DJUSSC.

NVIDIA Corporation

Broadcom Inc

Advanced Micro Devices Inc.

Intel Corp.

Qualcomm Inc.

Applied Materials, Inc.

First Trust RBA American Industrial Renaissance ETF

Broad U.S. Equity ETFs

Tech

ETFs

AVGO

MRVL

NVDA

NVDL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

상장지수펀드(ETF) 중에서 엔비디아(NASDAQ:NVDA)에 레버리지로 노출된 ETF가 월요일에 급등락을 겪었다. 이는 인공지능(AI) 신생 기업 딥시크(DeepSeek)의 출현 때문이다.

중국의 딥시크 AI 모델이 엔비디아를 긴장시키고 ETF를 강타

biden china shutter

Asia

Government

Large Cap

Regulations

Sector ETFs

Global

AOTG

ESPO

FEPI

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

SMHX

SOXQ

SOXY

워싱턴이 우호적이지 않은 국가들에 대한 반도체 칩 수출 규제를 강화함에 따라 엔비디아(NASDAQ:NVDA)와 어드밴스드 마이크로 디바이시스(NASDAQ:AMD)는 반도체 산업의 글로벌 환경을 혼란에 빠뜨릴 수 있는 지정학적 권력 이동의 한가운데에 있다.

AI 시장을 뒤흔들 바이든의 최종 칩 규제: 엔비디아, AMD에 높은 지분을 가진 10개 ETF

Nvidia CEO Jensen Huang

News

Markets

General

SOXL

Simplify Volt RoboCar Disruption and Tech ETF

VCAR

엔비디아(NASDAQ:NVDA)가 지난 1년 동안 234.09%의 수익률로 사상 최고가를 기록하면서, 젠슨 황이 이끄는 이 칩 거대 기업과 관련된 여러 상장지수펀드(ETF)들도 같은 기간 동안 놀라운 성장을 보였습니다. 이는 이 회사의 시장 영향력이 상당함을 반영한다.

엔비디아 주식이 지난 1년 동안 230% 이상 상승 vs 관련된 일부 ETF는 거의 500%까지 급등

USData Corp

USD Coin - United States Dollar

USD Coin - TrueUSD

Decentralized USD - United States Dollar

Ethena USDe - United States Dollar

US-DADI FERTILIZER IND IN by US-Dadi Fertilizer Ind International Inc.

USDG - United States Dollar

USDJ

USDK

Mountain Protocol USD - United States Dollar

USINAS SA S/GDR by Usinas Siderurgicas de Minas Gerais S.A.

Usinas Siderurgicas de Minas Gerais SA

Neutrino USD

USD Partners LP

Pax Dollar

USDQ - United States Dollar

UAS Drone Corp

USDR - United States Dollar

USDS - United States Dollar

Stably USD - True USD

Tether - United States Dollar

WisdomTree Bloomberg U.S. Dollar Bullish Fund

USDV - United States Dollar

SGI Enhanced Core ETF

USDX [Kava]

Ondo US Dollar Yield - United States Dollar

Craig Shapiro, the macro strategist at the Bear Traps Report, made a case for holding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as he explained how the value of the traditional currencies was constantly being challenged by growing debt and inflation.
What Happened: According to Shapiro, higher deficits are likely to lead to future tax increases, as there is no way to escape that matrix if the countries are not willing to cut their spending.
This pressure of paying taxes, along with high inflation, reduces the value of the domestic currency of a country, explains Shapiro.
It is evident from the 8.29% year-to-date decline in the U.S. Dollar Index value as the fiscal policies introduced by President Donald Trump&#8216;s administration take shape.
Thus, Shapiro stated that &#8220;having more of your stored wealth in outside money vs inside money makes even more sense than ever before.&#8221;
&#8220;In more and more countries around the world, we are getting there faster and faster each day that goes by,&#8221; he adds by saying that &#8220;#Bitcoin is the ultimate outside money.&#8221;
While the value of Bitcoin is not derived from any other asset, except its own limited supply, it is mostly independent of monetary and fiscal policies around the world. This is the reason why it is also known as a decentralized currency.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you are living in a country that you know will have to raise taxes over time to survive because its deficits are simply too high and there is no will to cut spending, or in one that is continuously expropriating your wealth via higher rates of inflation, having more of your…
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1925696044198727857?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45581555/growth-vs-value-expert-views-collide-on-the-impact-of-trumps-big-beautiful-bill">Growth Vs. Value: Expert Views Collide On The Impact Of Trump&#8217;s &#8216;Big, Beautiful&#8217; Bill</a>
Why It Matters: The ongoing reciprocal tariff pause with U.S. trading partners and a 90-day truce with China have subsided the tariff concerns.
However, the new &#8220;<a href="https://www.benzinga.com/25/05/45580298/trumps-big-beautiful-bill-strips-key-retirement-benefits-from-federal-workers-in-razor-thin-house-vote">One Big Beautiful Bill Act</a>&#8221; is now expected to <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">add $3.8 trillion</a> to the mounting U.S. debt as per Congressional Budget Office estimates, while providing tax relief. 
Shapiro, in his earlier commentary, pointed this out and said that the proposed bill will "explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile."
The tax bill has been<a href="https://www.benzinga.com/25/05/45558613/house-advances-trumps-sweeping-one-big-beautiful-bill-after-key-medicaid-tax-and-border-security-changes"> advanced by the House Rules Committee</a> in an 8-4 vote following a marathon 22-hour hearing. &#8211;
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY was up 0.12% to $583.80, while the QQQ advanced 0.086% to $514.44, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Friday, the futures of the S&amp;P 500, Nasdaq 100 and Dow Jones indices were mixed in premarket. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45541408/cathie-woods-ark-invest-says-nuclear-energy-could-overtake-solar-as-cheapest-power-source-heres-a-list-of-nuclear-energy-linked-etfs-to-consider" target="_blank" rel="noreferrer noopener">Cathie Wood's Ark Invest Says Nuclear Energy Could Overtake Solar As Cheapest Power Source: Here's A List Of Nuclear Energy Linked ETFs To Consider</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Economics

$BTC

Crypto Is The Future? Craig Shapiro Explains How Inflation, High Deficit Make Inside Money Less Valuable: 'Bitcoin Is The Ultimate Outside Money'

The Chairman and CEO of JPMorgan Chase &amp; Co., Jamie Dimon, addressed the issues surrounding huge deficits, inflationary factors, and geopolitical risk in the U.S. economy while talking <a href="https://www.bloomberg.com/news/articles/2025-05-22/jpmorgan-s-dimon-sees-risk-of-stagflation-for-us-economy?srnd=homepage-asia">to</a> Bloomberg Television at the Global China Summit in Shanghai.
What Happened: While Dimon agreed with the Federal Reserve to wait and see before they decide to cut interest rates, he said that the U.S. economy was likely to fall into &#8220;stagflation&#8221; as the country faces huge risks from geopolitics, deficits, and price pressures.
"I don't agree that we're in a sweet spot," he told Bloomberg Television.
Stagflation describes an economic scenario where there is slow economic growth combined with high inflation.
Addressing the first round of trade talks with China, which resulted in the 90-day tariff truce, Dimon highlighted that "I don't think the American government wants to leave China.&#8221;
"I hope they have a second round, third round, or fourth round, and hopefully it will end up in a good place."
Furthermore, Dimon highlighted during the interview that the U.S. needed to "attack the deficit problems," while justifying how this would affect investors to reduce their positions in the U.S. dollar assets.
"I don't worry about short-term fluctuations in the dollar," Dimon said. "But I do understand people might be reducing dollar assets."
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45541408/cathie-woods-ark-invest-says-nuclear-energy-could-overtake-solar-as-cheapest-power-source-heres-a-list-of-nuclear-energy-linked-etfs-to-consider">Cathie Wood&#8217;s Ark Invest Says Nuclear Energy Could Overtake Solar As Cheapest Power Source: Here&#8217;s A List Of Nuclear Energy Linked ETFs To Consider</a>
Why It Matters: While Donald Trump&#8216;s &#8220;One Big Beautiful Bill&#8221; is likely to raise the trade deficit as per the<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033"> Congressional Budget Office estimates</a>, the rising long-term Treasury yields stoked by Moody&#8217;s downgraded and Japanese bond yields are also signalling &#8220;debt crisis,&#8221; said Ed Yardeni. 
Meanwhile, the U.S. Dollar Index has declined 7.97% on a year-to-date basis amid the intensifying bond sell-off, which is pushing the yields higher. The 30-year Treasuries surpassed the 5% mark on Wednesday.
This rise in yields pushed the stock markets lower as major benchmark indices closed over 1% lower on Wednesday.
The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 94.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. A 71.2% probability of the same in July and a 67.5% chance of a cut in the September meeting. 
On Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket. The SPY was up 0.19% to $583.95, while the QQQ advanced 0.26% to $514.39, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45559366/urban-outfitters-navigates-tariff-headwinds-with-diversification-strategies-no-country-accounts-for-more-than-25-of-production">Urban Outfitters Navigates Tariff Headwinds With Diversification Strategies: No Country &#8216;Accounts For More Than 25%&#8217; Of Production </a></li>
</ul>
Photo courtesy: lev radin / Shutterstock

Equities

Macro Economic Events

Macro Notification

Market Summary

Bonds

Futures

Forex

Federal Reserve

Jamie Dimon Says US Is Not In A 'Sweet Spot,' Flags Stagflation Risk And Deficit Problems Amid Trump-China Tensions

Billionaire investor Ray Dalio has warned that the risks of mounting U.S. government debt were far greater than the credit rating agencies were conveying.
What Happened: Dalio, the founder of Bridgewater Associates, took to X after the <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">Moody&#8217;s downgrade</a> and highlighted the concerns raised about the increasing government debt by saying that &#8220;credit ratings understate credit risks,&#8221; as they only consider the probability of default and the loss given a default by the government.
However, he explains that the <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45499508/dalio-sees-danger-tom-lee-sees-dip-buy-whos-right-about-the-us-credit-downgrade">risks are higher than conveyed</a> because the government could try to print money to repay its debt to reduce it, which in turn causes inflation and affects the domestic currency of the country.
Dalio underscores that printing money could cause the holders of the bonds to suffer losses from the decreased value of the money, rather than the decreased quantity of money. Implying that a decreased value of money is a cause of inflation. 
&#8220;Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying,&#8221; he argued.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Re the U.S. debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt. They don&#39;t include the greater risk that the countries in debt will print money to pay their debts thus causing holders…
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1924452875108839862?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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Kathy Jones, the chief fixed income strategist at Schwab Center for Financial Research, reiterated this point by sharing the chart of the U.S. Dollar Spot Index, which has fallen 7.62% year-to-date.
While she acknowledged that Moody&#8217;s commentary had nothing new about the economy, which the economists did not already know, however, the downgrade was quite telling about the &#8220;unsustainable fiscal path.&#8221;
&#8220;But dollar continues lower. The mix of policies &#8211; tariffs, re-shoring, shrinking trade deficit, and tax cuts expanding deficit add up to weaker dollar,&#8221; she said, confirming Dalio&#8217;s point about the decreasing value of money.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Treasury yields back to unchanged. Moody&#39;s didn&#39;t tell us anything we didn&#39;t already know, but the downgrade highlights the unsustainable fiscal path. But dollar continues lower. The mix of policies &#8211; tariffs, re-shoring, shrinking trade deficit, and tax cuts expanding deficit… <a href="https://t.co/B8qslfqH4Z">pic.twitter.com/B8qslfqH4Z</a>
&mdash; Kathy Jones (@KathyJones) <a href="https://twitter.com/KathyJones/status/1924535833769464174?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/05/45510990/federal-reserve-should-do-nothing-at-all-about-the-rising-yields-says-craig-shapiro-let-the-bond-vigilantes-eat">Federal Reserve Should Do &#8216;Nothing At All&#8217; About The Rising Yields, Says Craig Shapiro: &#8216;Let The Bond Vigilantes Eat&#8217;</a>
Why It Matters: As per the Quantity Theory of Money in economics, printing money to pay off debt&nbsp;increases the money supply without a corresponding increase in the supply of goods and services.&nbsp;
This means there&#8217;s more money chasing the same amount of available items, leading to a decrease in the value of the domestic currency and causing inflation.&nbsp;
Moody&#8217;s downgraded the<a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns"> U.S. long-term credit rating</a> from Aaa to Aa1, and forecasted the debt-to-GDP ratio to rise from nearly 100% in 2025 to approximately 130% by 2035. The agency also specifically cited the extension of Trump&#8217;s 2017 tax cuts as a key reason for its decision to&nbsp;downgrade the U.S. credit rating&nbsp;from Aaa to Aa1 on May 16, 2025.
A late March statement from Moody&#8217;s highlighted that the U.S. faces significantly greater challenges in affording its debt compared to other Aaa-rated and highly-rated sovereign nations, even in a strong economic environment.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Monday. The SPY was up 0.11% to $594.85, while the QQQ advanced 0.096% to $522.01, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading slightly lower.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45490762/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-his-wisdom-rings-true-as-the-sp-500-surges-220-over-10-years" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said, ‘The First Rule Of Compounding Is To Never Interrupt It Unnecessarily' — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years</a></li>
</ul>
Photo Courtesy: wedmoments.stock On Shutterstock.com

Politics

Treasuries

Ray Dalio Warns Against Decreasing Value Of US Dollar Amid Mounting Government Debt: 'Risks Are Greater Than The Rating Agencies Are Conveying'

The Oracle of Omaha, Warren Buffett, during the 2025 Berkshire Hathaway Annual Meeting, expressed his disappointment over the depreciating U.S. dollar and said that no one would want to hold assets in a currency that was falling in value.
What Happened: Talking about the U.S. dollar, Buffett said, &#8220;You wouldn&#8217;t want to be owning anything that we thought was in a currency that was really going to hell. And that&#8217;s the biggest thing we are worried about United States currency.&#8221;
&#8220;I mean, the tendency of our government to want to debase its currency over time, there is no system that beats that,&#8221; he added, criticizing the government&#8217;s stance on a weaker dollar.
Buffett also underscored his concerns about the fiscal policy.
&#8220;You can pick dictators, you can pick representatives, you can do anything. But there will be a push toward a weaker currency. And of course, fiscal policy is what scares me in the United States because it&#8217;s made the way it is,&#8221; said Buffett.
See Also: <a href="https://www.benzinga.com/25/05/45213790/us-dollar-depreciation-is-cushioning-the-impact-of-tariffs-on-corporate-profits-says-expert-heres-how">US Dollar Depreciation Is Cushioning &#8216;The Impact Of Tariffs On Corporate Profits,&#8217; Says Expert</a>
Why It Matters: Analysts have criticized the U.S. government&#8217;s attempt to <a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-curren">weaken the U.S. dollar</a> in their analyses. Commentary from Chatham House expert David Lubin pointed out a "view of some within the Trump administration that the reserve currency status of the dollar is more of a burden to the U.S. economy than a blessing." 
According to him, the government&#8217;s &#8220;policy push" aims to weaken the dollar permanently against other currencies, hoping to reduce the trade deficit and attract manufacturers to the U.S.
However, Lubin strongly cautions against this approach, arguing that "if the international monetary system cannot rely on the dollar&#8217;s full convertibility, or its availability in a crisis, it is entering unknown territory. Undermining the dollar&#8217;s global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S."
Price Action: As of the publication of this article, the U.S. Dollar Index Spot was 0.11% lower at the 99.7200 level. It has fallen by 8.02% on a year-to-date basis.
Whereas, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Monday. The SPY was down 0.57% to $563.51, while the QQQ declined 0.59% to $485.93, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
In premarket on Tuesday, SPY declined 0.61% and QQQ was down 0.84%.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45214653/uber-could-win-the-robo-taxi-war-says-expert-analyst-predicts-75-gains-on-ride-hailing-cost-drop">Uber Could Win The &#8216;Robo Taxi War,&#8217; Says Expert: Analyst Predicts 75% Gains On Ride Hailing Cost Drop</a></li>
</ul>
Photo courtesy: mark reinstein / Shutterstock.com

Warren Buffett Expresses Disappointment Over Dollar Depreciation: Don't Want To Own Assets In A Currency That Is 'Really Going To Hell'

With the ongoing shifts in the markets, the U.S.&#8217;s reliance on foreign capital is reversing, leading to lower asset prices. However, its unique position as the issuer of the world&#8217;s reserve currency provides a significant advantage in navigating this shift, according to an expert.
What Happened: In a recent thread on X, Bob Elliot, co-founder, CEO, and CIO of Unlimited and former investment committee member of Bridgewater Associates, argued that, unlike typical emerging market balance of payments crises, the U.S. can prioritize domestic economic conditions due to its debt being <a href="https://www.benzinga.com/government/regulations/25/04/44895384/dollar-slips-to-a-three-year-low-below-98-mark-higher-rates-are-not-supporting-the-dollar-says-expert">denominated in U.S. dollars</a>.
A balance of payments crisis in an emerging market can often trigger aggressive rate hikes to retain foreign capital, curb consumption, and limit currency depreciation needed to service foreign-currency debt, typically crushing local assets.
However, Elliot argues that the U.S. situation differs fundamentally despite sharing the characteristic of high reliance on foreign capital. Since U.S. debt is not issued in a foreign currency but in its own, &#8220;U.S. policymakers are in the privileged position to prioritize domestic conditions through the adjustment process,&#8221; said Elliot.
While concerns exist about foreign selling pushing rates higher, as seen in an emerging market crisis, the Fed&#8217;s ability to prioritize domestic conditions in the U.S. means it can ease monetary policy even as capital withdraws.
If needed, &#8220;the Fed can always print money and buy the bonds,&#8221; particularly to offset potential deflationary pressures from a weakening economy, said Elliot.
He explains that, unlike typical BoP crises, the Fed&#8217;s focus on domestic conditions, enabled by a weaker dollar and easing interest rates, can limit equity losses from reduced demand.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">But unlike more traditional BoP crises, the US policymakers are in the privileged position to prioritize domestic conditions through the adjustment process. The result is a weaker currency but stronger bond and equity performance than in typical adjustments of the past.
&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1914994502973944198?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44947085/analyst-expects-googles-ad-revenue-to-pick-up-in-q1-google-normally-beats-heres-what-alphabets-chart-shows-ahead-of-earnings">&#8216;Google Normally Beats,&#8217; Says Analyst Expecting Sundar Pichai-Led Company&#8217;s Ad Revenue To &#8216;Pick Up&#8217; In Q1: Here&#8217;s What Alphabet&#8217;s Chart Shows Ahead Of Earnings</a>
Why It Matters: According to Elliot, the selloff in U.S. assets is a consequence of the government&#8217;s efforts to reduce consumption through tariff policies and a subsequent narrowing of the current account deficit.
The decades-long buildup in foreign capital inflows since the 1990s, Elliot highlighted, was initially driven by reserve purchases and later by increased equity investments following the Global Financial Crisis. Also, foreign private investors funded substantial federal government deficits in recent years.
&#8220;Never would a country be allowed to run such a classic &#8216;twin deficit&#8217; problem for so long,&#8221; Elliot stated, emphasizing the unprecedented nature of this forty-year dynamic, made possible by the dollar&#8217;s reserve currency status.
Thus, he argues that the dollar&#8217;s reserve status can help policymakers make &#8220;adjustments&#8221; without creating a typical balance of payments crisis.
Price Action: As of the publication of this article, the Dollar Index Spot was trading 0.16% lower at the 99.6890 level, and the futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were down 0.49%,0.31%, and 0.39%, respectively.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Wednesday. The SPY was up 1.55% to $535.42, while the QQQ advanced 2.27% to $454.561, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time" target="_blank" rel="noreferrer noopener">Wedbush's Dan Ives Raises Tesla's Price Target To $350 As Elon Musk Promises To ‘Significantly' Reduce DOGE Time</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Dollar-Denominated Debt Gives US Policymakers Edge In Navigating Economic Shocks, Says Expert: '...Are In The Privileged Position'

The U.S. Dollar Index Spot slipped below 98 points for the first time in over three years on Monday, while the 10-year Treasury yields were steady around 4.35%. Experts describe this divergence as the measure of stress in markets."
What Happened: The U.S. Dollar Index slipped 1.20% to 98.211 during the publication of this article. However, its day range stood between 97.921 — 99.208 on Monday, according to the TradingView data.
Historical data shows that the dollar index last slipped below the 98 point mark to 97.79 as of March 30, 2022, closing. Whereas, the 10-year Treasury bond yielded 4.35%.
Jim Bianco, the president and founder of Bianco Research LLC., highlighted this divergence in an X post and called it a "measure of stress in markets."
"Higher rates are not supporting the dollar right now. This means they might have to go a lot higher to stop the dollar from falling," he added.
The relationship between higher yields and higher dollar value exists because the dollar value generally appreciates when foreign investors buy U.S. dollar-denominated instruments, especially the risk-free Treasury bonds. However, this divergence, as shared by Bianco in the given chart, raises concerns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1/2 The breaking of this relationship is a measure of stress in markets &#8230; it continues to widen.(Higher rates are not supporting the dollar right now. This means they might have to go a lot higher to stop the dollar from falling.) <a href="https://t.co/PRj6mYNu0J">pic.twitter.com/PRj6mYNu0J</a>
&mdash; Jim Bianco (@biancoresearch) <a href="https://twitter.com/biancoresearch/status/1914160730535756287?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, economist Peter Schiff underscored that the dollar was 11% lower since President Donald Trump's inauguration day and 6% since the "so-called" Liberation Day, when the reciprocal tariffs against the U.S. trading partners were announced.
"Trump&#8217;s economic team assured us that foreigners would pay our tariffs, in part because their currencies would fall against the dollar. Instead, a collapsing dollar adds to our cost," he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The U.S. Dollar Index has a 97 handle, down 11% since Trump took office (6% since Liberation Day.) Trump&#39;s economic team assured us that foreigners would pay our tariffs, in part because their currencies would fall against the dollar. Instead a collapsing dollar adds to our cost.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1914249859353264212?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/global/25/04/44891949/xi-jinpings-china-pledges-retaliation-against-countries-isolating-beijing-by-giving-into-trump-admini">Xi Jinping&#8217;s China Pledges Retaliation Against Countries Isolating Beijing By Giving Into Trump Administration&#8217;s &#8216;Unilateral Bullying,&#8217; Says It Will &#8216;Never Accept It&#8217;</a>
Why It Matters: Additionally, a recent study released last week, titled ‘<a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-curren">Dollar Upheaval: This Time is Different</a>,' highlights that "Between April 4 and April 14, the U.S. dollar depreciated by 3.6%." 
"Normally, in times of global volatility… the dollar appreciates as dollar-denominated assets benefit from a flight to safety. Not this time around," the note stated.
The dollar&#8217;s surprising depreciation indicates a divergence from typical market behavior. "If U.S. Treasuries are no longer viewed as the world&#8217;s preferred safe asset, then the status of the dollar as the world&#8217;s reserve currency may be called into question," the note stated.
Meanwhile, Chatham House expert David Lubin highlighted in another note that "policy push" from Trump's administration aims to weaken the dollar permanently against other currencies,
"Undermining the dollar&#8217;s global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S.," cautioned Lubin.
Price Action: The dollar index was down 9.49% on a year-to-date basis. The WisdomTree Bloomberg US Dollar Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USDU#NYSE">USDU</a>) was 5.82% YTD, whereas, Invesco DB US Dollar Index Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) dropped 7.99% in 2025.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Monday. The SPY was down 1.32% to $519.46, while the QQQ declined 1.54% to $437.26, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44892375/dean-of-valuation-aswath-damodaran-warns-buying-the-dip-akin-to-catching-a-falling-">Dean Of Valuation Aswath Damodaran Warns Buying The Dip Akin To Catching A Falling Knife, Says It Takes A &#8216;Stronger Stomach&#8217; Than Most Have</a></li>
</ul>
Image Via Shutterstock

Currency ETFs

Analyst Ratings

USDU

PowerShares DB US Dollar Index Bullish Fund

Dollar Slips To A Three-Year Low Below 98-Mark: 'Higher Rates Are Not Supporting The Dollar,' Says Expert

As the U.S. dollar remains under pressure, its status as the &#8220;reserve currency&#8221; has come into question. Experts are highlighting the current administration&#8217;s intentions to reshape global economic linkages, along with a market reaction that suggests a potential erosion in its status.
What Happened: The U.S. dollar index has declined 8.21% on a year-to-date basis as of the publication of this article. This decline was accelerated by the surprising market response to the <a href="https://benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">administration&#8217;s announced reciprocal tariffs</a> in early April 2025.
A recent study titled &#8216;Dollar Upheaval: This Time is Different,&#8217; by five experts, including Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig, Robert Richmond, and Chenzi Xu, highlights that &#8220;Between April 4 and April 14, the U.S. dollar depreciated by 3.6%.&#8221;
&#8220;Normally, in times of global volatility… the dollar appreciates as dollar-denominated assets benefit from a flight to safety. Not this time around,&#8221; the note stated.
This unexpected depreciation suggests a disconnect between traditional market dynamics and the dollar&#8217;s current performance. &#8220;If U.S. Treasuries are no longer viewed as the world's preferred safe asset, then the status of the dollar as the world's reserve currency may be called into question.&#8221;
Adding a crucial layer to this analysis is commentary from Chatham House expert David Lubin, who points to a &#8220;view of some within the Trump administration that the reserve currency status of the dollar is more of a burden to the U.S. economy than a blessing.&#8221;
This &#8220;policy push&#8221; aims to weaken the dollar permanently against other currencies, hoping to reduce the trade deficit and attract manufacturers to the U.S.
However, Lubin strongly cautions against this approach, arguing that &#8220;if the international monetary system cannot rely on the dollar's full convertibility, or its availability in a crisis, it is entering unknown territory. Undermining the dollar's global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S.&#8221;
See Also: <a href="https://www.benzinga.com/25/04/44834505/scott-bessent-affirms-china-wont-weaponize-us-treasuries-as-it-would-weaken-their-currency-affecting-exports-we-do-buybacks">Scott Bessent Says China Won&#8217;t &#8216;Weaponize&#8217; US Treasuries, Citing Risk To RMB And Exports: &#8216;We Do Buybacks&#8217;</a>
Why It Matters: Despite the administration&#8217;s potential motivations and the market&#8217;s reaction, as detailed in the &#8216;Dollar Upheaval&#8217; note suggests a market pull away from the dollar&#8217;s traditional &#8220;safe asset&#8221; status.
Their analysis of the Treasury basis further indicates that investors &#8220;(i) question the safety of the dollar, not just Treasuries, and (ii) that they perceive these changes to be long-lasting.&#8221;
Lubin notes a growing argument in the government, citing Vice President JD Vance&#8216;s &#8220;resource curse&#8221; analogy and Steve Miran&#8216;s claim that the dollar&#8217;s reserve role is causing &#8220;persistent currency distortions&#8221; leading to trade deficits.
The confluence of a deliberate policy push to weaken the dollar and a market response indicating a declining appetite for dollar-denominated assets paints a concerning picture, according to these experts.
Price Action: The U.S. Dollar Index Spot was 0.33% up at the 99.706 level as of the publication of this article. It was close to its 52-week low of 99.0140 and 9.5% lower than its 52-week high of 110.1760.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 2.22% to $525.66, while the QQQ declined 3.02% to $444.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the Dow Jones futures were up 0.78%, whereas the S&amp;P 500 index rose 0.90% and the Nasdaq 100 advanced 1.09%.
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">China Now Faces Up To 245% Tariffs On Certain Imports, Says White House: Here&#8217;s What You Should Know</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Policy Push vs. Market Pull: Dollar Under Pressure As 'Reserve Currency May Be Called Into Question' Amid Tariff Turmoil

As the U.S. dollar witnessed its largest two-day decline in over two years, an economist argues the importance of devaluation for global growth while another expert explains the weakness to as a symptom and not a cause.
What Happened: The macro strategist at Crescat Capital, Otavio Costa highlighted the dollar&#8217;s largest two-day decline in over two years in his latest X post.
While he said that the dollar was the &#8220;most overvalued&#8221; concerning other fiat currencies, he reiterated that it &#8220;needs to be devalued to restore global growth.&#8221;
However, according to Aditya Sesh, the founder and managing director at Basiz Fund&nbsp;Services, the weakness in the dollar was a &#8220;symptom and not a cause.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Once again, almost unnoticed, we saw another substantial drop in the dollar. In fact, it was the largest two-day decline in over two years. The dollar remains one of the most overvalued in history relative to other fiat currencies, and in my view, it likely needs to be devalued… <a href="https://t.co/SJ8W2gQlsf">https://t.co/SJ8W2gQlsf</a>
&mdash; Otavio (Tavi) Costa (@TaviCosta) <a href="https://twitter.com/TaviCosta/status/1897457211993202752?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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</figure>
Other economists like Peter Schiff said that the plans to form a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategic reserve in the U.S. could be a reason for &#8220;dollar&#8217;s demise,&#8221; saying that &#8220;ultimate winner will be gold.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Bitcoin&#39;s success is predicated on the dollar&#39;s failure, if the U.S. is foolish enough to actually create a Bitcoin strategic reserve, this development will accelerate the dollar&#39;s demise, potentially benefiting Bitcoin in the short run. But the ultimate winner will be gold.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897428815137153078?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44160509/starlinks-european-rival-up-over-600-since-trump-halted-ukraine-aid-now-plans-to-replace-e">Starlink&#8217;s European Rival, Up Over 600% Since Trump Halted Ukraine Aid, Now Plans To Replace Elon Musk&#8217;s Satellite Internet Service In War-Torn Nation</a>
Why It Matters: Sesh said that &#8220;it is not surprising that the USD can come under pressure at various points in time,&#8221; while highlighting the following developments as the &#8220;symptoms&#8221;.
<ul>
<li>Correction After A Period Of Strength: According to Sesh, the dollar&#8217;s recent strong performance against other major currencies makes it susceptible to a natural market correction.</li>
</ul>
<ul>
<li>Fiscal Implications: A &#8220;review of public finance in the U.S.,&#8221; including cleaning up USAID and the spending cuts by the Department of Government Efficiency, &#8220;is a long time, arduous task&#8221;.</li>
</ul>
<ul>
<li>Economic Slowdown Signals: Sesh also highlights economic weakness hampering the USD. According to him, declining indicators like the ISM Purchasing Managers Index, particularly the drop in new orders, suggest a potential slowdown in US manufacturing.</li>
</ul>
<ul>
<li>Geopolitical And Infrastructure Burdens: Finally, the dollar&#8217;s reserve currency status, along with the need to renovate aging infrastructure, creates substantial financial obligations that can place downward pressure on the currency, according to Sesh.</li>
</ul>
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Thursday. SPY decline 0.87% to $577.96&nbsp;and QQQ was down 1.10% to $496.48, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, the SPY declined 1.07% to $583.06, and the QQQ rose 1.30% to $502.01.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/03/44159401/rigetti-claims-leadership-in-quantum-computing-race-aims-to-scale-to-100-qubits-as-it-look">Rigetti Claims &#8216;Leadership&#8217; In Quantum Computing Race, Aims To Scale To 100 Qubits As It Looks To Catch Up With IBM, Google</a></li>
</ul>
Photo courtesy: Shutterstock

US Dollar Weakness A 'Symptom Not Cause,' Argues Expert As Economist Hails Devaluation To 'Restore Global Growth'

Wall Street ended a two-week losing streak, with the S&amp;P 500 closing just 0.07% below its record high. The rally was fueled by <a href="https://www.benzinga.com/news/global/25/02/43748007/inflation-spikes-in-january-wall-street-rallies-on-ukraine-peace-talks-delayed-tariffs-this-week-in-the-markets">investor optimism despite tariff-related announcements</a> from President Donald Trump and mixed inflation data. 
The S&amp;P 500 gained 1.5%, the Nasdaq surged 2.6%, and the Dow rose 0.5%. Sector-wise, Information Technology led the gains, while Healthcare lagged.
<a href="https://www.benzinga.com/etfs">Among ETFs</a>, five stood out as last week's top performers.
GraniteShares 2x Long SMCI Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCL#NASDAQ">SMCL</a>) soared alongside Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), delivering significant leveraged gains.
<ul>
<li>Weekly Gains: 63.98%</li>
</ul>
<ul>
<li>Focus: Aims to mirror daily investment results of 2 times the daily percentage change of Super Micro Computer.</li>
</ul>
<ul>
<li>Expense Ratio: 1.5%</li>
</ul>
ProShares Ultra Bloomberg Natural Gas ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOIL#NYSE">BOIL</a>) rallied as natural gas prices rebounded from recent lows. 
<ul>
<li>Weekly Gains: 23.75%</li>
</ul>
<ul>
<li>Focus: Offers 2x daily leveraged exposure to natural gas aiming to catch big swings in price over a relatively short period. </li>
</ul>
<ul>
<li>Expense Ratio: 0.95%</li>
</ul>
PLUS Korea Defense Industry Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KDEF#NYSE">KDEF</a>) was propelled by South Korea's growing defense spending. 
<ul>
<li>Weekly Gains: 15.09%</li>
</ul>
<ul>
<li>Focus: Offers investment results that reflects the total return performance of the Korea Defense Industry Index.&nbsp;</li>
</ul>
<ul>
<li>Expense Ratio: 0.65%</li>
</ul>
ProShares Ultra FTSE China 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPP#NYSE">XPP</a>) gained on renewed interest in Chinese equities.
<ul>
<li>Weekly Gains: 14.16%</li>
</ul>
<ul>
<li>Focus: Offers 2x daily long leverage to the&nbsp;FTSE/Xinhua China 25 Index. This makes it an ideal tool for investors with a bullish short-term outlook for Chinese equities.</li>
</ul>
<ul>
<li>Expense Ratio: 0.95%</li>
</ul>
ProShares Ultra Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) benefited from bullish sentiment in chip stocks last week.
<ul>
<li>Weekly Gains: 10.46%</li>
</ul>
<ul>
<li>Focus: Offers 2 times daily long leverage to the Dow Jones U.S. Semiconductors Index.</li>
</ul>
<ul>
<li>Expense Ratio: 0.95% </li>
</ul>
Also Read:<a href="https://www.benzinga.com/government/regulations/25/02/43656846/inflation-rises-more-than-expected-in-january-chills-interest-rate-cut-hopes"> Inflation Rises More Than Expected In January, Chills Interest Rate Cut Hopes</a>
<h2 class="wp-block-heading">What Happened In The Market Last Week?</h2>
Among individual stocks, Super Micro Computer was the biggest gainer in the S&amp;P 500, surging 32%, followed by Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gaining 24%. On the downside, West Pharmaceutical Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) fell 33%, leading the week's worst performers.
With investors digesting economic data and global trade developments, attention now shifts to the week ahead, where key earnings reports and macroeconomic events could set the tone for market direction.
Wall Street rebounded after two weeks of losses. Investor sentiment improved despite geopolitical and inflation concerns.
The week also saw Trump announce a 25% tariff on steel and aluminum imports. However, the lack of immediate enforcement helped ease market fears. Inflation data also influenced sentiment, with a hotter-than-expected consumer report midweek offset by a softer producer <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43701823/economists-breathe-sigh-of-relief-why-producer-inflation-isnt-as-bad-as-it-seems">inflation reading on Thursday</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/25/02/43769585/health-insurance-etfs-in-focus-as-rfk-jr-takes-over-hhs">Health Insurance ETFs in Focus as RFK Jr Takes Over HHS</a></li>
</ul>
Photo: Shutterstock

BOIL

INTC

KDEF

SMCI

SMCL

Wall Street Bounces Back: Top-Performing ETFs Of Last Week

The emergence of DeepSeek, a Chinese artificial intelligence startup <a href="https://www.benzinga.com/25/01/43232316/deepseek-jitters-shatter-us-tech-stocks-wipe-out-12-trillion-on-wall-street-analyst-eyes-four-chinese-giants-set-to-benefit">rattled the markets</a> on Monday. However, as AI demand continues to rise many described the reaction to be "overdramatic" and suggested to "buy the dip". Here is a list of top semiconductor exchange-traded funds, with the lowest expense ratios that investors could consider. 
What Happened: As DeepSeek boasts of high performance at a significantly lower cost, semiconductor stocks which are the backbone of AI development, bore the brunt of the selloff.
"To me, it's an overreaction," Fundstrat Global Advisors‘ head of research Tom Lee <a href="https://www.cnbc.com/2025/01/27/tom-lee-calls-market-sell-off-overreaction-nvidia-falls-on-deepseek-news.html?taid=67980792a96d920001c44f58&amp;utm_campaign=trueanthem&amp;utm_medium=social&amp;utm_source=twitter%7Cmain">told </a>CNBC's "Closing Bell," comparing the drop to Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) March 2020 decline that proved to be a significant <a href="https://www.benzinga.com/markets/equities/25/01/43259288/fundstrats-tom-lee-sees-nvidias-17-plunge-as-an-opportunity-calls-nasdaqs-over-600-points-plunge-drop-a-market-overreaction">entry point</a> for investors.
Similarly, Subho Moulik, the founder and CEO of Appreciate said, "The sudden emergence of DeepSeek is a Sputnik-like moment for the U.S. and potentially undermines U.S. AI exceptionalism, but we see yesterday's panic selling to be overdramatic."
As Nvidia shares <a href="https://www.benzinga.com/markets/equities/25/01/43259288/fundstrats-tom-lee-sees-nvidias-17-plunge-as-an-opportunity-calls-nasdaqs-over-600-points-plunge-drop-a-market-overreaction">plunged</a> 17% on Monday, eroding $593 billion in <a href="https://x.com/charliebilello/status/1884009665597690125">market capitalization</a>, Moulik said, "It's not just Nvidia, the other semicaps that took a battering in the markets – Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) – can be an interesting buy on dip."
Investors could consider buying ETFs with a low expense ratio to "buy on dip." An expense ratio is a percentage that represents the annual cost of owning a fund or an ETF which is calculated by dividing a fund&#8217;s operating expenses by its net assets.
According to <a href="https://www.schwab.com/learn/story/etfs-how-much-do-they-really-cost#:~:text=Investors%20should%20consider%20the%20impact,significantly%20erode%20returns%20over%20time.">Charles Schwab</a>, &#8220;ETFs with lower expense ratios and lower trading costs typically offer better value to investors, because higher expense ratios and/or steeper trading costs may significantly erode returns over time.&#8221; 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>ETF Name</td>
<td>AUM (In Billion)</td>
<td>Expense Ratio</td>
<td>Six Month Returns</td>
</tr>
<tr>
<td>SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>)</td>
<td>$1.28</td>
<td>0.35%</td>
<td>-0.29%</td>
</tr>
<tr>
<td>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>)</td>
<td>$23.60</td>
<td>0.35%</td>
<td>-1.17%</td>
</tr>
<tr>
<td>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)</td>
<td>$13.86</td>
<td>0.35%</td>
<td>-7.14%</td>
</tr>
<tr>
<td>First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>)</td>
<td>$1.32</td>
<td>0.60%</td>
<td>-9.11%</td>
</tr>
<tr>
<td>ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>)</td>
<td>$1.24</td>
<td>0.95%</td>
<td>-7.38%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://www.etf.com/topics/semiconductors">ETF.com</a> </figcaption></figure>
See Also: <a href="https://www.benzinga.com/25/01/43259969/microsoft-ai-revenue-poised-to-surpass-10-billion-fueling-explosive-growth-says-piper-sandler-as-it-maintains-overweight-rating-on-msft">Microsoft&#8217;s AI Revenue Set To Surpass $10 Billion: Piper Sandler Maintains Overweight Rating </a>
Why It Matters: According to Moulik, DeepSeek&#8217;s claim of lower training costs of $6 million vs ChatGPT&#8217;s $100 million plus, remains unverified. The Chinese firm's reliance on less-advanced Nvidia chips, due to U.S. chip export restrictions, could also hinder its ability to maintain a competitive edge in AI development.
Even if DeepSeek&#8217;s cost claims hold, it&#8217;s still positive for Big Tech, said Moulik, as AI extends beyond Large Language Models. Cost-effective LLM training allows U.S. companies to prioritize <a href="https://www.benzinga.com/markets/25/01/43222744/verizon-launches-ai-connect-as-mckinsey-predicts-that-60-70-of-ai-workload-will-shift-from-training-to-inferencing-by-2030">LLM inferencing</a> – the next stage. Inferencing involves applying pre-trained LLMs for real-world tasks, optimizing AI investments by shifting focus from costly training to scalable, practical applications, ultimately driving long-term growth.
"For industry leaders like Microsoft Corp. and Alphabet Inc., this means redirecting massive spending from training infrastructure to real-world applications such as search, customer service, and automation," added Moulik. Cloud servers like Amazon.com Inc.&#8217;s Amazon Web Service could benefit too.
Although the short-term will be bumpy, the long-term runway appears stable, added Moulik, "Unless DeepSeek drops another Chinese New Year gift to the world later&nbsp;this&nbsp;year.&#8221;
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Photo courtesy: Shutterstock

FTXL

DeepSeek Buzz Batters Big Tech But This Analyst Says 'Buy The Dip:' Here's Are Top 5 Semiconductor ETFs With The Lowest Expense Ratios That You Can Consider

Exchange-traded funds, or ETFs, with leveraged exposure to chipmaker Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/etfs">experienced a dramatic Monday</a> thanks to the debut of AI upstart DeepSeek. 
<ul>
<li>The GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>) plunged 34.55% as of writing. </li>
<li>Graniteshares 2x Short NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NASDAQ">NVD</a>), its leveraged inverse counterpart designed to profit from Nvidia&#8217;s losses, soared 34.69% at last check</li>
<li>The ProShares Ultra Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>), which holds more than 40% of its assets in Nvidia, dropped by more than 27% </li>
<li>More broadly, the Vanguard Information Technology Index Fund, where Nvidia is the second-largest holding at nearly 15% of the portfolio, shed 4.7%.</li>
<li>The VistaShares Artificial Intelligence Supercycle ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIS#NYSE">AIS</a>), which has only 3% of its assets in Nvidia but holds other AI stocks, lost 8.43%.</li>
</ul>
These ETFs offer the potential for amplified profits at the cost of higher-than-usual fees of around 1% and greater volatility. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43250480/nvidia-sinks-below-200-day-average-for-first-time-in-2-years-deepseek-technical-reset">Nvidia Sinks Below 200-Day Moving Average For First Time In 2 Years As DeepSeek Sparks Historic Technical Reset</a>
<h3 class="wp-block-heading">What Triggered The Selloff?</h3>
DeepSeek is the culprit. This <a href="https://www.benzinga.com/25/01/43232316/deepseek-jitters-shatter-us-tech-stocks-wipe-out-12-trillion-on-wall-street-analyst-eyes-four-chinese-giants-set-">Hangzhou, China-based AI startup</a> launched a new model that poses a challenge to U.S. competitors, including Nvidia's core business. 
DeepSeek's open-source AI model has already surpassed ChatGPT in downloads on Apple's app store, leaving the AI market in awe. Industry experts like venture capitalist Marc Andreessen called this moment a &#8220;Sputnik moment&#8221; for U.S. AI companies as this could be a ground-breaker in the AI space, reported Reuters.
The market's reaction was swift. Nvidia&#8217;s stock, a major player in the AI space, dropped nearly 17.65%, taking along semiconductor stocks like Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) in the ride south. 
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), which tracks semiconductor stocks, also plummeted by 8.39%, experiencing its worst day since the pandemic-led selloff in March 2020.
As fear spread, investors flocked to safe-haven assets like U.S. Treasuries, leading to yields on the 10-year note dipping to a one-month low.
See Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43244872/tech-stocks-tumble-on-ai-nightmare-nvidia-eyes-worst-day-since-march-2020-bitcoin">Tech Stocks Tumble On AI Nightmare, Nvidia Eyes Worst Day Since March 2020, Bitcoin Drops Below $100,000: What&#8217;s Driving Markets Monday?</a></li>
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Photo: Shutterstock

DeepSeek AI Model Sends Shockwaves Through Nvidia, Slams ETFs

The Bank of Japan has raised interest rates by 25 basis points, marking a 17-year high of 0.50%. This move signifies the end of an era of historically low interest rates for the Asian exporter. We assess how BOJ&#8217;s move can impact the U.S. dollar and the stock market.
What Happened: An increase in interest rates generally leads to higher yields, and less liquidity in the system leading to uncertainty in the stock market.
Investors have famously used Japan&#8217;s historically low interest rates for a carry trade, which involves borrowing in yen and investing in other higher-yielding assets.
However, BOJ&#8217;s rate decision could lead to &#8220;the unwinding of carry trade positions,&#8221; said Markus Ammann, the global advisor at BierbaumPro AG, in a LinkedIn post.
&#8220;Japan's evolving monetary strategy reflects its efforts to adapt to changing economic conditions while addressing decades-long deflationary pressures,&#8221; said Giordano Colombini, the co-founder of MG Bridge Consulting.
<h4 class="wp-block-heading">Impact On Yields</h4>
After BOJ&#8217;s announcement, the U.S. Treasuries remained largely unchanged, with the 10-year bond yielding 4.63% and the two-year bond at 4.27%. The Japanese two-year and 10-year bonds rose to 0.72% and 1.24%, respectively.
&#8220;Traders had almost fully priced in a rate change while about three-quarters of economists predicted the move in a Bloomberg survey released last week,&#8221; the global macroeconomic expert, Anish Nanda told <a href="http://pro.benzinga.com">Benzinga</a>.
Japanese investors are the largest foreign holders of U.S. Treasuries, said Nanda, adding that &#8220;Rate hikes in Japan could impact U.S. investors, it would pressure U.S. Treasuries if Japanese investors were to pull money out.&#8221;
See Also: <a href="https://www.benzinga.com/25/01/43183617/goldman-research-shows-us-market-falls-just-5-after-tariff-imposition-but-7-after-retaliatory-tariffs-we-lose-when-we-punch-and-we-lose-when-were-punched-says-economist">Trump Tariffs A Lose-Lose Proposition? Goldman Research Indicates Markets Fall After Imposition And Retaliation — Economist Warns &#8216;We Lose When We Punch And We Lose When We&#8217;re Punched&#8217;</a>
<h4 class="wp-block-heading">Impact On Dollar</h4>
While the U.S. dollar fell by 0.40% to 107.627, as of 7:22 a.m., ET, the USD/JPY rate pulled back from the day&#8217;s high of 156.4.
According to Nanda, future rate hikes could further boost the yen and any decision to cut interest rates by the Fed would likely weaken the dollar. Simultaneously, the dollar continues to be under pressure following the Trump administration&#8217;s call for imposing tariffs.
&#8220;The yen is expected to gain further ground if the BOJ maintains its hawkish stance, though volatility is expected in the USD to JPY pair,&#8221; he added.
<h4 class="wp-block-heading">Impact On U.S. Market</h4>
While the change in Japan&#8217;s monetary policy has no direct impact on the U.S. market, a weaker dollar, higher yields and resultant change in liquidity environment can create headwinds for U.S. equities, also owing to changes in its own economic policies.
&#8220;The interplay of economic policies, inflation trends, and market reactions is shaping a volatile yet intriguing narrative for 2025,&#8221; said Jez Jacob, the AVP at Finvasia.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/43184963/nvidia-microsoft-or-oracle-which-among-these-stargate-ai-project-beneficiaries-are-the-least-expensive-to-own">Nvidia, Microsoft, Or Oracle: Which Stock Among These Stargate AI Project Beneficiaries Are The Least Expensive To Own?</a></li>
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Image Via Shutterstock

How Bank Of Japan's Shift From Historically Low Interest Rates Impacts US Markets: Higher Yields, Less Liquidity, Market Uncertainty And More

<a href="https://www.benzinga.com/topic/ai-chips" target="_blank" rel="noreferrer noopener">Artificial intelligence chip stocks</a> including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), and Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), are trading higher Thursday in sympathy with Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/news/earnings/25/01/43022654/taiwan-semiconductor-q4-earnings-3nm-and-5nm-nodes-lead-topline-growth-expands-margins-issues-strong-q1-outlook" target="_blank" rel="noreferrer noopener">upbeat quarterly print</a>.
Taiwan Semiconductor is the key contract chipmaker behind Nvidia&#8217;s graphics processing units&nbsp;(GPU) and Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) smartphones.
However, on Wednesday, the Biden administration announced its <a 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" target="_blank" rel="noreferrer noopener">latest semiconductor regulations</a>, including extended licensing requirements on companies like Taiwan Semiconductor, which manufactures chips, and packaging companies, citing national security threats.
Also Read: <a href="https://www.benzinga.com/media/25/01/42981814/apple-and-nvidia-supplier-taiwan-semiconductor-leads-semiconductor-market-with-64-share" target="_blank" rel="noreferrer noopener">Apple And Nvidia Supplier Taiwan Semiconductor Leads Semiconductor Market with 64% Share</a>
Chipmakers like Taiwan Semiconductor and&nbsp;Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) must <a href="https://www.benzinga.com/25/01/43003008/taiwan-semi-samsung-intel-may-face-stricter-us-rules-on-chip-exports-to-china-over-security-concerns" target="_blank" rel="noreferrer noopener">ramp up due diligence</a> especially with China-based firms.
Washington imposed sanctions on 16 Chinese companies, including Sophgo Technologies, for building their country&#8217;s chip industry, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-01-15/us-unveils-new-rules-to-restrict-flow-of-advanced-chips-to-china?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">cites</a> the Commerce Department.
On Monday, the U.S. disclosed sanctions on the sale of AI chips by Nvidia and other advanced makers to data centers in most countries.
The rules for AI chips follow&nbsp;controls&nbsp;announced in December that aim to block Beijing&#8217;s access to <a href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom" target="_blank" rel="noreferrer noopener">high-bandwidth memory</a> chips from Micron.
Semiconductor chip stocks enjoyed a massive upside in 2024, backed by the AI boom.
A third of the top ten global companies with valuations above $1 trillion in 2024 came from the chip industry.
Investors can gain exposure to stocks of companies that manufacture semiconductors through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>).
Also Read:
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<li><a href="https://www.benzinga.com/tech/25/01/43008511/broadcoms-latest-san-switch-offers-scalable-energy-efficient-solution-for-growing-storage-demands" target="_blank" rel="noreferrer noopener">Broadcom&#8217;s Latest SAN Switch Offers Scalable, Energy-Efficient Solution for Growing Storage Demands</a></li>
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Photo via Shutterstock

Media

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QCOM

SSNLF

AI Chip Stocks Gain Momentum On Taiwan Semiconductor Performance;  Biden's Semiconductor Sanctions Kick In

Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">U.S. Big Tech customers</a>, including Microsoft&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;&nbsp;Google, and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) postponed Blackwell GB200 rack orders due to overheating problems, Reuters cites the Information.
A data center rack accommodates chips and cables. Reportedly, Nvidia&#8217;s hyperscalar customers had placed orders worth $10 billion or more.
The first rack shipments with Blackwell chips reportedly exhibited glitches in the chips&#8217; connections, prompting customers to postpone orders for an updated version or purchase the company&#8217;s older AI chips.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42924519/nvidia-amd-broadcom-lead-semiconductor-stock-decline-amid-us-china-ai-chip-export-ban-concerns-amd-downgraded-by-goldman-sachs-and-more" rel="noreferrer noopener">Nvidia, Broadcom Among Goldman Highlights For AI Opportunities</a>
The Biden administration&#8217;s 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">AI chip and technology exports</a> posed a double whammy for Nvidia.
The ten leading global semiconductor companies slashed their capital expenditure plans to tackle overcapacity and weakening demand in electric vehicles and smartphones, with artificial intelligence offering minimal respite, Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Tech/Semiconductors/Chipmakers-cut-investment-plans-by-9.5bn-on-smartphone-EV-slump" rel="noreferrer noopener">reports</a>.
Capex plans for each company&#8217;s fiscal 2024&nbsp;dropped&nbsp;to $123.3 billion (down by 2%), implying a decline of $9.5 billion from their May estimates, which predicted a 6% growth.
DA Davidson&#8217;s Gil Luria told Reuters he expects the U.S. embargo to significantly affect (Nvidia&#8217;s) market as up to 50% of its chips end up in countries that will be off-limits once the rules kick in. Dan Coatsworth of AJ Bell also voiced similar concerns about the sanctions to Reuters.
Reuters cites the company&#8217;s regulatory disclosures as indicating that Nvidia generates ~56% of its revenue from customers outside the U.S., with China making up about 17% of sales.
Nvidia Vice President of Government Affairs Ned Finkle and the Semiconductor Industry Association had expressed dissatisfaction with the U.S. semiconductor sanctions that would hinder Nvidia&#8217;s growth potential.
Interestingly, the U.S. sanctions will benefit the U.S. Big Tech giants as they can grow their market share by seeking approval to establish data centers in countries affected by the embargo.
Investors will closely watch for President-elect Donald Trump&#8217;s take on the potential semiconductor embargo.
Investors can gain exposure to stocks of companies that manufacture semiconductors through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>).
Price Action: NVDA stock traded higher by 1.53% to $135.27 premarket at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/government/regulations/25/01/42947562/taiwan-semiconductor-begins-4nm-chip-production-in-arizona-eyes-11-4-billion-q4-profit" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Begins 4nm Chip Production in Arizona, Eyes $11.4 Billion Q4 Profit</a></li>
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Photo by Tatiana Popova and rawf8 via Shuttterstock

AMZN

GOOG

GOOGL

MSFT

US Semiconductor Sanctions Spell Trouble for Nvidia, But May Benefit Big Tech

As Washington ramps up chip export restrictions to unfriendly countries, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) are in the midst of a geopolitical power shift that could disrupt the semiconductor <a href="https://www.benzinga.com/topic/semiconductors">industry&#8217;s global landscape.</a>
In a report shared Monday, Bloomberg outlined the Biden administration&#8217;s imminent release of updated export <a 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">rules targeting advanced semiconductors. </a>
The new measures, expected to drop Friday, intensify the U.S.&#8217;s strategic efforts to slow China's technological and military advancements by restricting access to high-performance computing chips.
<h3 class="wp-block-heading">New AI Export Framework: Allies And Adversaries</h3>
The regulations will reportedly create a three-tiered structure for semiconductor exports, emphasizing access tiers for key U.S. allies, neutral nations, and restricted countries. 
China is expected to fall under the most severe tier, joining nations such as Russia, Iran, and Venezuela.
This tier-based framework allows certain companies in restricted countries to bypass national limits by agreeing to U.S. security protocols and human rights standards. 
These entities, designated as validated end users, would have higher caps for chip purchases, a move aimed at encouraging safer AI development globally.
The measures expand the sweeping export restrictions initiated in October 2022, which already limited sales of advanced AI chips like Nvidia's Hopper GPUs. 
These earlier rules also prohibited U.S. firms and individuals from supporting Chinese chip development without explicit government approval. 
<h3 class="wp-block-heading">Nvidia And AMD Under Scrutiny</h3>
Nvidia's specialized A800 and H800 chips, developed to comply with prior regulations, could now fall under new restrictions, potentially denting AI giant&#8217;s upcoming revenues. 
According to data firm FactSet, China accounts for approximately 16% of Nvidia&#8217;s revenue, making it the company's second-largest market after the U.S. This marks a decline from 25% prior to the 2022 export restrictions.
In 2023, AMD generated roughly $3.4 billion in revenue from China, including Hong Kong, according to Statista. This represents 15% of the company&#8217;s total revenue of $22.7 billion.
<h3 class="wp-block-heading">Key ETFs Tied To Nvidia And AMD</h3>
Several ETFs heavily exposed to Nvidia and AMD could face ripple effects:
Top ETFs Holding Nvidia (Percentage of Holdings):
<ul>
<li>ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>): 34.96%</li>
<li>Strive U.S. Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NASDAQ">SHOC</a>): 21.10%</li>
<li>YieldMax Target 12 Semiconductor Option (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXY#NASDAQ">SOXY</a>): 20.50%</li>
<li>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>): 20.21%</li>
<li>VanEck Fabless Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMHX#NASDAQ">SMHX</a>) – 20.11%</li>
</ul>
Top ETFs Holding AMD (Percentage of Holdings):
<ul>
<li>VanEck Video Gaming and Esports ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPO#NASDAQ">ESPO</a>): 8.01%</li>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>): 7.12%</li>
<li>AOT Growth and Innovation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOTG#NASDAQ">AOTG</a>): 7.07%</li>
<li>Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>): 7.04%</li>
<li>REX FANG &amp; Innovation Equity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>): 6.95%</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a></li>
</ul>
Image created using photos from Shutterstock.

Biden's Final Chip Curbs Set To Shake AI Markets: 10 ETFs With High Stakes In Nvidia, AMD

<a href="https://www.benzinga.com/topic/semiconductors" target="_blank" rel="noreferrer noopener">Semiconductor chips stocks</a>, including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) surged during premarket trading on Monday ahead of the Consumer Electronics Show (CES) in Las Vegas on Tuesday.
The investor enthusiasm also reflects Big Tech giant Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) plans to commit <a href="https://www.benzinga.com/25/01/42804813/microsofts-80-billion-investment-outlay-musks-battle-with-openai-and-nvidias-billion-dollar-bet-this-week-in-artificial-intelligence" target="_blank" rel="noreferrer noopener">$80 billion to</a> developing AI data centers in fiscal 2025. 
Additionally, Foxconn, also known as Hon Hai Technology, reported robust revenue in <a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership" target="_blank" rel="noreferrer noopener">the fourth quarter</a>, backed by cloud and networking products revenue and AI server demand.
Also Read: <a href="https://www.benzinga.com/25/01/42793170/alibaba-cloud-joins-forces-with-ex-google-execs-unicorn-to-boost-ai-models" target="_blank" rel="noreferrer noopener">Alibaba Cloud Joins Forces With Ex-Google Exec&#8217;s Unicorn To Boost AI Models</a>
The Taiwanese Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia supplier&#8217;s revenue grew by over 15%, reaching $64.8 billion. December revenue grew by over 42% to $19.9 billion.
Investors expect Nvidia to offer positive pointers at CES, as Focus Taiwan <a href="https://focustaiwan.tw/business/202501060009" target="_blank" rel="noreferrer noopener">cites</a> MasterLink Securities analyst Tom Tang alluding to Nvidia chief Jenseng Huang&#8216;s keynote speech at the event.
The semiconductor chip stocks had a remarkable run in 2024, backed by the AI frenzy, pivotal to the S&amp;P 500 and Nasdaq index&#8217;s&nbsp;gains of 23%—29% in 2024.
Last year, a third of the 10 global companies worth over $1 trillion valuation were from the chip industry.
Notably, Nvidia&#8217;s valuation <a target="_blank" href="https://www.benzinga.com/25/01/42793394/nvidias-2-trillion-ai-rally-fueled-by-chips-startups-and-robotics" rel="noreferrer noopener">surged by over</a> $2 trillion in 2024, breaching the $3 trillion mark. This was backed by its GPUs, which initially targeted video games but ended up being critical hardware for developing AI models. Broadcom joined the&nbsp;trillion-dollar club&nbsp;in 2024, supported by demand for its custom chips.
Contract chipmaker Taiwan Semiconductor <a target="_blank" href="https://www.benzinga.com/25/01/42784508/taiwan-semiconductors-2nm-progress-fuels-taiwan-index-musk-highlights-talent-pool" rel="noreferrer noopener">remains on track</a> to produce 2nm chips&nbsp;in Taiwan and commercialize 4nm chips at its Arizona fab. It is a key supplier to companies such as Apple, Nvidia, AMD, and more.
Dan Ives of Wedbush expects tech stocks to post a 25% gain in 2025, backed by favorable policies from President-elect Donald Trump and Big Tech spending.
Investors can gain exposure to semiconductor stocks through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>).
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</ul>
Photo: Shutterstock

AI Chip Stocks Nvidia, Broadcom, AMD, Taiwan Semi, Micron, Super Micro Surge Premarket: Whats Going On?

Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) plan to <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">produce 2nm chips</a> in Taiwan is progressing steadily as the contract chipmaker prepares to begin commercializing 4nm chips at its Arizona fab.
The chipmaker has completed limited risk production of ~5,000 wafers leveraging its 2nm process at the Baoshan fab in Hsinchu Science Park, TechNode <a target="_blank" href="https://technode.com/2025/01/03/tsmc-completes-risk-production-of-2nm-process-with-5000-wafers/" rel="noreferrer noopener">reports</a>.&nbsp;
Taiwan Semiconductor has planned to roll out its 2nm production at the Baoshan and Kaohsiung fabs.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/25/01/42762874/broadcom-thrives-with-114-stock-surge-in-ai-boom-while-intel-faces-steep-decline" rel="noreferrer noopener">Broadcom Thrives with 114% Stock Surge in AI Boom, While Intel Faces Steep Decline</a>
During an earnings call, Taiwan Semiconductor Chair C.C. Wei said the company does not expect a shift toward chipset designs driven by high-performance computing (HPC) to affect its 2nm production.
Wei said that growing interest in 2nm has increased demand, surpassing 3nm.
Taiwan Semiconductor launched the N2P process technology to support smartphone and high-performance computing (HPC) applications. Mass production will begin in the second half of 2026, he added.
Shares in Taiwan closed higher on Friday, buoyed by gains in the electronics sector, particularly Taiwan Semiconductor, the most extensive stock by market weight.
The Taiex showed resilience despite mixed signals from U.S. markets, which saw slight declines in the Dow Jones Industrial Average and Nasdaq index on Thursday, Focus Taiwan <a target="_blank" href="https://focustaiwan.tw/business/202501030010" rel="noreferrer noopener">reports</a>.
Analysts credited Taiwan Semiconductor&#8217;s strong performance for lifting the Taiex, contributing 80 points to the index&#8217;s rise.
Elon Musk, CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also highlighted Taiwan&#8217;s significant technical expertise as the foundation of its semiconductor industry&#8217;s success in an X post on December 28, where he praised the island&#8217;s talent pool in response to a discussion about Taiwan Semiconductor, Focus Taiwan <a target="_blank" href="https://focustaiwan.tw/business/202501030007" rel="noreferrer noopener">reports</a>.
Responding to a post by Bojan Tunguz, a former data scientist at Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Musk credited Taiwan&#8217;s untapped talent pool for Taiwan Semiconductor&#8217;s dominance.
Tunguz had criticized the U.S. tech industry&#8217;s historical anti-immigrant biases, arguing they led Morris Chang to establish Taiwan Semiconductor in Taiwan rather than the U.S.
Taiwan Semiconductor plays a critical role in global chip production, holding a 64.9% market share in the third quarter of 2024, Focus Taiwan cites TrendForce.
Musk&#8217;s recent praise contrasts with his earlier comments on Taiwan&#8217;s geopolitical status. In 2022, he suggested Taiwan could be designated a &#8220;special administrative zone&#8221; to ease tensions with China, likening Taiwan&#8217;s relationship with China to Hawaii&#8217;s ties with the U.S.
Donald Trump has also voiced concerns over <a target="_blank" href="https://www.benzinga.com/news/24/11/41780976/chip-stocks-like-nvidia-broadcom-taiwan-semi-gain-after-trump-win-whats-going-on" rel="noreferrer noopener">trading with Taiwan</a>. Previously, Trump expressed concerns about trade with Taiwan, accusing the country of undermining the U.S. chip industry.
He criticized the CHIPS Act and vowed to impose tariffs on Taiwanese chips if elected. Trump questioned the U.S. defense position with Taiwan, citing the absence of a formal treaty, and opposed federal CHIPS Act funding for foreign companies like Taiwan Semiconductor.
Taiwan Semiconductor stock surged over 101% in the last 12 months.
Investors can gain exposure to the semiconductor stocks through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>).
Price Action: TSM stock is up 0.92% to $203.43 premarket at the last check on Friday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42725756/xiaomi-evs-to-access-charging-networks-of-nio-xpeng-and-li-auto" target="_blank" rel="noreferrer noopener">Xiaomi Expands EV Charging Options, Partners with NIO, XPeng, and Li Auto for Greater Network Access</a></li>
</ul>
Image via Shutterstock

TSLA

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

<a target="_blank" href="https://www.benzinga.com/topic/taiwan" rel="noreferrer noopener">Contract chipmaker</a> Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) plans to build its fourth and fifth <a target="_blank" href="https://www.benzinga.com/24/12/42699969/taiwan-semiconductor-expands-in-taiwan-five-new-factories-aim-to-strengthen-chipmaking-industry" rel="noreferrer noopener">wafer fabs in Kaohsiung</a> in 2025, accommodating advanced processes.
The two facilities, P4 and P5, are part of Taiwan Semiconductor&#8217;s program, which targets building five fabs in Kaohsiung, according to a Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/biz/archives/2024/12/30/2003829322" rel="noreferrer noopener">report</a>.
On Thursday, Taiwan Semiconductor Vice President Arthur Chuang told the TT that the five facilities could add 8,000 jobs.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42709635/super-micro-and-nvidia-expand-in-taiwan-with-green-energy-and-ai-projects" rel="noreferrer noopener">Super Micro and Nvidia Expand in Taiwan with Green Energy and AI Projects</a>
The P4 and P5 fabs would be located next to the third fab, P3, and their construction will likely finish in 2027. Taiwan Semiconductor said its first fab in Kaohsiung, P1, will begin commercializing the advanced 2-nm process in 2025.
The 2-nm process would be faster than N3E, an updated variant of the 3-nm process, with higher density and lower power consumption.
The second fab, P2, would likely be completed in 2025. It would also use the 2-nm process, while construction of the third fab will likely finish in 2026.
At an investor conference, Taiwan Semiconductor Chair C.C. Wei flagged higher interest in its 2-nm process than the 3-nm process, prompting it to ramp in 2-nm production capacity.
Taiwan Semiconductor already has a 2-nm wafer plant in Baoshan, Hsinchu County, which will likely start commercialization in 2025.
The chipmaker&#8217;s commercialization of the A16 process is scheduled for the first half of 2026.
Despite intensifying geopolitical tensions, Taiwan Semiconductor remains committed to maintaining its advanced semiconductor technologies in its home country.
In September, President Joe Biden authorized <a target="_blank" href="https://www.benzinga.com/24/12/42709635/super-micro-and-nvidia-expand-in-taiwan-with-green-energy-and-ai-projects" rel="noreferrer noopener">$567 million in</a> defense aid for Taiwan, enhancing its military strength amid growing tensions with China. The U.S. also approved a $228 million military sale to bolster Taiwan&#8217;s aircraft combat capabilities.
On Friday, Taiwan&#8217;s science ministry warned that funding for semiconductors and AI could be hit by 20 billion New Taiwan dollars ($609.11 million) for 2025 after opposition parties pitched for laws to slash economic and technology spending, Reuters reports.
The Ministry of Economic Affairs on Tuesday flagged repercussions on Taiwan&#8217;s collaboration with Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which are also key Taiwan Semiconductor clients.
Investors can gain exposure to the semiconductor stocks through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>).
Price Action: TSM stock is down 0.96% to $199.70 premarket at the last check on Monday.
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</ul>
Image via Shutterstock

Emerging Markets

Taiwan Semiconductor's Kaohsiung Expansion To Boost 2-nm Chip Production

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;stock slid in the premarket Monday after a Chinese regulator said it was investigating the chipmaker over a possible breach of the country&#8217;s antitrust regulations.
The State Administration for Market Regulation alleged the chip designer violated its obligations while acquiring Mellanox Technologies, Reuters reports. Previously, Nvidia&#8217;s potential acquisition of Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) succumbed to global regulatory opposition.
Also Read: <a href="https://www.benzinga.com/24/12/42385349/chinese-social-media-company-hello-group-gains-after-q3-print-ceo-flags-overseas-growth" target="_blank" rel="noreferrer noopener">Chinese Social Media Company Hello Group Gains After Q3 Print, CEO Flags Overseas Growth</a>
Nvidia&#8217;s <a href="https://www.benzinga.com/government/24/11/41685490/nvidias-run-ai-acquisition-draws-european-regulatory-scrutiny-on-competition-concerns">offer to acquire</a> Run:ai has drawn regulatory attention from&nbsp;the European Commission. 
In 2024, U.S. antitrust authorities scrutinized Nvidia over possible influence within the artificial intelligence chip sector. The Justice Department sought Nvidia&#8217;s contract and partnership details. Additionally, the Federal Trade Commission (FTC) is reviewing investments by major technology firms.
The U.S. and China remained embroiled in geopolitical tensions as the Biden administration. imposed semiconductor sanctions on China, thereby restricting the country&#8217;s access to advanced artificial technology chips and GPUs of Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Nvidia.
Reportedly, Nvidia could earn&nbsp;$12 billion in sales&nbsp;from 1 million H20 GPUs in <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42265847/biden-targets-china-with-new-chip-restrictions-nvidia-slides" rel="noreferrer noopener">China in 2024</a>.&nbsp;
Last week, the U.S. launched its third semiconductor sanction on China, which focused on the export of advanced chips and chipmaking equipment to China. China retaliated by&nbsp;<a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42344223/struggling-chipmaker-microchip-hits-pause-on-biden-semiconductor-subsidy" rel="noreferrer noopener">exercising tighter controls</a>&nbsp;on the export of critical minerals used in&nbsp;advanced chip manufacturing.
Since his campaign days, President-elect Donald Trump has threatened to slap tariffs on exports to China of <a target="_blank" href="https://www.benzinga.com/government/24/11/41806635/whats-going-on-with-us-listed-chinese-stocks-like-alibaba-jd-nio-on-thursday" rel="noreferrer noopener">up to 60%</a>, prompting China to launch fiscal stimulus to drive the economy and protect itself from the tariffs. The tariffs could reduce Chinese exports to the U.S. by about $200 billion and affect China&#8217;s GDP.
Trump&#8217;s threats to launch a <a target="_blank" href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat" rel="noreferrer noopener">25% tariff on</a> Mexican imports prompted Nvidia and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) suppliers to reconsider Mexico operations.
Nvidia stock surged 196% year-to-date. Investors can gain exposure to the stock through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and EA Series Trust Strive U.S. Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).
Price Action: NVDA stock is down 1.85% at $139.86 at last check Monday.
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</ul>
Photo by William Potter on Shutterstock

Movers

Nvidia Hit With Antitrust Probe in China, Stock Slides

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)&nbsp;and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;are exploring production of the front-end process of Blackwell artificial intelligence chips at the former Arizona plant, Reuters cites familiar sources.
Taiwan Semiconductor has so far manufactured Nvidia's Blackwell chips in its Taiwan facilities, where its chip-on-wafer-on-substrate (CoWoS) capacity exists.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42296590/zjk-industrial-surges-after-nvidia-ai-server-deal" rel="noreferrer noopener">ZJK Industrial Surges On Nvidia Liquid Cooling Collaboration (UPDATED)</a>
Therefore, it must ship the Blackwell chips back to Taiwan for packaging, which renders Nvidia vulnerable to U.S. geopolitical tensions with China.
For context, China continued threats and military <a target="_blank" href="https://www.benzinga.com/government/24/07/39857131/ai-chip-stocks-nvidia-amd-taiwan-semi-saw-a-selloff-this-week-whats-going-on" rel="noreferrer noopener">exercises around Taiwan</a>. Meanwhile, most of Taiwan Semiconductor's production capacity is based in Taiwan.
The key Nvidia supplier targets mass production of the Blackwell chips in early 2025.
Taiwan Semiconductor's current Arizona plant customers reportedly include Apple&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Earlier this week, Amazon.Com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud unit claimed that it could <a target="_blank" href="https://www.benzinga.com/markets/24/12/42325881/amazon-takes-on-nvidia-with-cheaper-ai-supercomputers-servers" rel="noreferrer noopener">connect more chips</a> than Nvidia and could train some AI models at a 40% discount to Nvidia chips.
Amazon Web Services showcased its data center servers embedded with its AI&nbsp;chips, dubbed Trn2 UltraServers. These servers target&nbsp;Nvidia's flagship server, which is packed with the latest Blackwell chips.
Amazon also disclosed that it is building artificial intelligence&nbsp;supercomputers in collaboration with Anthropic, which will feature Amazon's latest AI training chip, Trainium 2. Previous reports claimed Nvidia's production challenges of Blackwell chips hampered AWS' data center plans.
Despite production challenges, Oppenheimer&nbsp;analyst Rick Schafer&nbsp;projected <a target="_blank" href="https://www.benzinga.com/24/11/42005107/nvidia-set-for-gains-from-ai-cloud-demand-blackwell-launch-and-data-center-expansion-analyst-notes" rel="noreferrer noopener">several billion dollars</a> in revenue from Blackwell for the January quarter. He noted investors are modeling between 5 and 6 million Blackwell GPUs in 2025.
Nvidia stock has surged over 201% year-to-date. Taiwan Semiconductor stock gained 98%.
Investors can gain exposure to Nvidia through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and EA Series Trust Strive U.S. Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).
Price Actions:&nbsp;NVDA stock traded lower by 0.02% at $145.10 premarket at the last check on Thursday. TSM is up 0.37%.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" target="_blank" rel="noreferrer noopener">Taiwan Semi Supplier ASML Reiterates Outlook As Biden's Latest Semiconductor Embargo On China Kicks In</a></li>
</ul>
Photo courtesy of Nvidia

Nvidia Could Become Taiwan Semi's Third US Plant Customer, But With A Catch

Press Releases

ProShares Announces ETF Share Splits

BITI

SDOW

SQQQ

상장지수펀드(ETF) 중에서 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)에 레버리지로 노출된 ETF가 월요일에 급등락을 겪었다. 이는 인공지능(AI) 신생 기업 딥시크(DeepSeek)의 출현 때문이다.
<ul>
<li>GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>)는 월요일 33.78% 하락 마감했다.</li>
<li>Graniteshares 2x Short NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NASDAQ">NVD</a>)는 엔비디아의 손실로 이익을 보기 위해 설계된 레버리지 인버스 ETF로, 현재 33.71% 상승 마감했다.</li>
<li>ProShares Ultra Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>)는 엔비디아에 40% 이상의 자산을 투자하고 있어 27% 이상 하락 마감했다.</li>
<li>더욱 광범위하게는, Vanguard Information Technology Index Fund에서 엔비디아는 포트폴리오의 15% 가까이 차지하는 두 번째로 큰 보유 종목으로, 5.21% 하락 마감했다.</li>
<li>VistaShares Artificial Intelligence Supercycle ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIS#NYSE">AIS</a>)는 엔비디아에 3%만 투자되었지만 다른 AI 주식을 보유하고 있어 9.38% 하락 마감했다.</li>
</ul>
이들 ETF는 일반적인 수수료보다 높은 약 1%의 수수료와 더 큰 변동성의 대가로 증폭된 수익을 잠재적으로 제공한다.
또한 보기: <a href="https://kr.benzinga.com/news/usa/othermarkets/%EC%97%94%EB%B9%84%EB%94%94%EC%95%84-2%EB%85%84-%EB%A7%8C%EC%97%90-%EC%B2%98%EC%9D%8C%EC%9C%BC%EB%A1%9C-200%EC%9D%BC-%EC%9D%B4%EB%8F%99%ED%8F%89%EA%B7%A0%EC%84%A0-%ED%95%98%ED%9A%8C-%EB%94%A5/" target="_blank" rel="noopener">엔비디아, 2년 만에 처음으로 200일 이동 평균 아래로 하락: 딥시크가 역사적인 기술적 리셋을 촉발</a>
<h3 class="wp-block-heading">매도세를 촉발한 원인은?</h3>
딥시크가 원인이다. 이 <a href="https://www.benzinga.com/25/01/43232316/deepseek-jitters-shatter-us-tech-stocks-wipe-out-12-trillion-on-wall-street-analyst-eyes-four-chinese-giants-set-">중국 항저우에 본사를 둔 AI 스타트업</a>는 미국 경쟁자, 특히 엔비디아의 핵심 사업에 도전하는 새로운 모델을 출시했다.
딥시크의 오픈 소스 AI 모델은 이미 애플 앱 스토어에서 챗GPT의 다운로드 수를 초과하여 AI 시장을 경악하게 만들었다. 벤처 자본가인 마크 앤드리슨(Marc Andreessen)과 같은 업계 전문가들은 이 순간을 미국 AI 기업들에게 &#8220;스푸트니크 순간&#8221;이라고 불렀다. 이는 AI 분야에서 혁신이 될 수 있다고 <a href="https://www.reuters.com/">로이터</a>가 보도했다.
시장 반응은 즉각적이었다. AI 분야의 주요 기업인 엔비디의 주가는 16.86% 하락 마감했으며, 브로드컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)은 17.40% 그리고 마벨 테크놀로지(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)는 19.11% 급락 마감했다. 다른 반도체 주식도 함께 하락했다.
iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)는 반도체 주식을 추적하는 ETF로, 7.84% 하락 마감하며 2020년 3월 팬데믹으로 인한 매도세 이후 최악의 날을 경험했다.
공포가 확산되면서 투자자들은 미국 국채와 같은 안전 자산으로 몰렸고, 10년물 국채 수익률은 한 달 만에 최저로 떨어졌다.
다음 보기: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43244872/tech-stocks-tumble-on-ai-nightmare-nvidia-eyes-worst-day-since-march-2020-bitcoin">AI 악몽으로 기술 주식 하락, 엔비디아는 2020년 3월 이후 최악의 날을 예상, 비트코인 10만 달러 아래로 하락: 월요일 시장을 움직이는 요인은?</a></li>
</ul>
사진: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

워싱턴이 우호적이지 않은 국가들에 대한 반도체 칩 수출 규제를 강화함에 따라 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)와 어드밴스드 마이크로 디바이시스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)는 반도체 <a href="https://www.benzinga.com/topic/semiconductors" target="_blank" rel="noopener">산업의 글로벌 환경</a>을 혼란에 빠뜨릴 수 있는 지정학적 권력 이동의 한가운데에 있다.
월요일에 공유된 블룸버그의 보고서에 따르면, 바이든 행정부는 <a 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" target="_blank" rel="noopener">고급 반도체를 겨냥한</a> 새로운 수출 규정을 곧 발표할 예정이다.
이번 주 금요일 발표될 새로운 조치는 고성능 컴퓨팅 칩에 대한 접근을 제한함으로써 중국의 기술 및 군사 발전을 저지하려는 미국의 전략적 노력을 강화한다.
<h3 class="wp-block-heading">새로운 AI 수출 프레임워크: 동맹과 적</h3>
이 규정은 반도체 수출에 대한 3단계 구조를 만들고, 주요 미국 동맹국, 중립 국가 및 제한 국가에 대한 접근 수준을 강조할 것으로 보인다.
중국은 러시아, 이란 및 베네수엘라와 함께 가장 엄격한 단계에 포함될 것으로 예상된다.
이 단계별 프레임워크는 제한 국가들의 특정 기업들이 미국의 보안 프로토콜과 인권 기준에 동의하면 국가적 한계를 우회할 수 있도록 한다.
이러한 기관들은 검증된 최종 사용자들로 지정되어 칩 구매 한도가 높아지며, 이는 전 세계적으로 안전한 인공지능(AI) 개발을 장려하기 위한 조치이다.
이번 조치는 이미 2022년 10월에 시행된 광범위한 수출 제한을 확장한 것으로, 당시에는 엔비디아의 호퍼(Hopper) GPU와 같은 고급 AI 칩의 판매가 제한되었다.
이전 규정은 미국 기업들과 개인들이 중국 칩 개발을 지원하는 것을 명시적인 정부 승인 없이 금지했다.
<h3 class="wp-block-heading">엔비디아와 AMD에 대한 집중 조사</h3>
엔비디아의 A800 및 H800 칩은 이전 규정을 준수하기 위해 개발되었지만, 새로운 제한에 적용될 경우 AI 거인의 향후 매출에 타격을 줄 수 있다.
데이터 회사인 팩트셋(FactSet)에 따르면, 중국은 엔비디아의 매출에서 약 16%를 차지하며, 이는 회사의 두 번째로 큰 시장이다. 이는 2022년 수출 제한 이전의 25%에서 감소한 수치이다.
2023년에는 AMD가 중국(홍콩 포함)에서 약 34억 달러의 매출을 올렸으며, 이는 회사의 총 매출 227억 달러의 15%를 차지한다.
<h3 class="wp-block-heading">엔비디아와 AMD에 관련된 주요 ETF</h3>
엔비디아와 AMD에 크게 노출된 여러 ETF가 영향을 받을 수 있다:
엔비디아를 보유한 주요 ETF (보유 비율):
<ul>
<li>ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>): 34.96%</li>
<li>Strive U.S. Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NASDAQ">SHOC</a>): 21.10%</li>
<li>YieldMax Target 12 Semiconductor Option (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXY#NASDAQ">SOXY</a>): 20.50%</li>
<li>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>): 20.21%</li>
<li>VanEck Fabless Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMHX#NASDAQ">SMHX</a>) – 20.11%</li>
</ul>
AMD를 보유한 주요 ETF (보유 비율):
<ul>
<li>VanEck Video Gaming and Esports ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPO#NASDAQ">ESPO</a>): 8.01%</li>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>): 7.12%</li>
<li>AOT Growth and Innovation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOTG#NASDAQ">AOTG</a>): 7.07%</li>
<li>Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>): 7.04%</li>
<li>REX FANG &amp; Innovation Equity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>): 6.95%</li>
</ul>
다음 읽어보기: 
<ul>
<li><a href="https://kr.benzinga.com/news/usa/stocks/%EA%B3%A8%EB%93%9C%EB%A7%8C%EC%82%AD%EC%8A%A4-%EC%9D%B8%ED%94%8C%EB%A0%88%EC%9D%B4%EC%85%98%EA%B3%BC-%ED%8A%B8%EB%9F%BC%ED%94%84-%EC%A0%95%EC%B1%85-%EB%B6%88%ED%99%95%EC%8B%A4%EC%84%B1-%EC%86%8D/" target="_blank" rel="noopener">골드만삭스, 인플레이션 및 트럼프 정책으로 인한 불확실성으로 시장 조정 리스크 경고</a></li>
</ul>
이미지는 Shutterstock의 사진을 사용하여 생성되었습니다.


Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)가 지난 1년 동안 234.09%의 수익률로 사상 최고가를 기록하면서, 젠슨 황이 이끄는 이 칩 거대 기업과 관련된 여러 상장지수펀드(ETF)들도 같은 기간 동안 놀라운 성장을 보였습니다. 이는 이 회사의 시장 영향력이 상당함을 반영한다.
무슨 일이 있었나 (What Happened): <a href="https://www.vaneck.com/us/en/investments/semiconductor-etf-smh/holdings/">Benzinga Pro</a>에 따르면, GraniteShares 2x Long NVDA Daily ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>)는 전량이 엔비디아에 투자되어 479.94%의 놀라운 상승률을 기록했다.
While Nvidia Shares Are Hitting All-Time High With Over 230% Return In The Past Year, Some ETFs Linked To Jensen Huang&#8217;s Chip Giant Have Surged By Almost 500%: Here&#8217;s More
한편, ProShares Ultra Semiconductors(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>)는 엔비디아에 53.92% 지분을 보유하고 있어 290.18% 상승했다.
Direxion Daily Semiconductor Bull 3X Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>)는 엔비디아의 8.15% 지분을 보유하고 있으며 111.65% 상승했다. iShares Semiconductor ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)는 9.69%를 보유하고 있어 50.49% 상승했다. Strive US Semiconductor ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>)는 26.04%를 보유하고 있으며 51.19% 상승했다.
Simplify Volt RoboCar Disruption(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCAR#NYSE">VCAR</a>)는 22.83%가 엔비디아에 투자되어 34.66% 상승했다. 마지막으로, VanEck Semiconductor ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>)는 22.69%가 엔비디아에 투자되어 76.50% 상승했다.
왜 중요한가 (Why It Matters): 엔비디아 관련 ETF들의 인상적인 성과는 이 회사의 강력한 시장 위치와 제품에 대한 수요 증가 때문이다. 최근 인공지능 수요 증가로 <a href="https://www.benzinga.com/news/24/10/41437976/nvidia-stock-hits-all-time-high-ahead-of-big-tech-earnings-whats-going-on">엔비디아의 주가가 사상 최고가에 도달</a>했다. 올해 초부터 엔비디아 주가는 186% 이상 상승하여 회사의 성장 궤적이 상당함을 보여주었다.
또한 엔비디아는 인도에서 AI 칩을 개발하고 태국에서 확장할 계획을 가지고 <a href="https://www.benzinga.com/government/24/10/41462536/nvidia-accelerates-global-growth-eyes-ai-chip-development-in-india-and-expansion-in-thailand" target="_blank" rel="noopener" data-google-interstitial="false">전 세계적으로 사업을 확장</a>하고 있다. 이러한 전략적 확장은 국내 반도체 공급망을 강화해 엔비디아의 시장 지배력을 더욱 공고히 하는 것을 목표로 하고 있다.

다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41420178/bitcoin-ethereum-dogecoin-on-the-rise-as-uptober-may-be-finally-here-analysts-predict-bull?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">비트코인, 이더리움, 도지코인이 상승. &#8216;업토버&#8217;가 드디어 올까? 분석가들은 주요 암호화폐의 강세 돌파와 ETH의 3,300달러 랠리를 예측</a></li>
</ul>
면책 조항: 이 콘텐츠는 일부는 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> 의 도움을 받아 제작되었으며 Benzinga 편집자에 의해 검토되고 게시되었습니다.
이미지 출처: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
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