LemonTrades
TL;DR
- SMH holds about 25 of the largest chip companies. Nvidia is about 21% of the fund and TSMC about 10%; the top 10 make up about 70%.
- Its yearly fee is 0.35%. It pays a small dividend once a year, about 0.25%.
- It’s about a third below its 52-week high of about $672, after the AI sell-off, and it swings far more than the S&P 500.
- LemonTrades tells you what moved chip stocks, and why, as it happens, and warns you before Nvidia’s earnings.
SMH has been one of the best-performing ETFs of the AI boom. Here’s where it stands now.
Top holdings
| Company | Ticker | Share of SMH |
|---|---|---|
| Nvidia | NVDA | 20.6% |
| Taiwan Semiconductor | TSM | 9.6% |
| Texas Instruments | TXN | 6.0% |
| Broadcom | AVGO | 5.8% |
| AMD | AMD | 5.2% |
| Analog Devices | ADI | 5.0% |
| Micron | MU | 4.6% |
Weights from StockAnalysis on November 6, 2026. The fund caps big holdings, so Nvidia’s share is lower than its share of the industry.
Why people buy it
- One trade covers chip designers, manufacturers and equipment makers.
- Chips are central to AI, phones, cars and data centers.
- Less risk than betting on a single chip company.
The risks
- Concentration: Nvidia’s results move the whole fund. See NVDA stock prediction.
- Boom and bust: chip stocks have fallen 40% to 60% in past downturns.
- Taiwan: a large share of chipmaking happens there.
- Export rules on China.
Related: is Nvidia overvalued, Micron stock prediction 2030 and Broadcom’s split. Want all US stocks instead? See what an ETF is.
Sources
Education, not financial advice. All investing involves risk, including the loss of your money. See our disclaimer.
