SEMI.AX ETF (SEMI.AX) is trading 3.2% up at A$38.99 as global semiconductor stocks extend their rally following NVIDIA’s blockbuster earnings and capital return program.
- The sector is buoyed by continued enthusiasm for AI-related chip demand and NVIDIA's massive $80 billion buyback and dividend hike.
- Positive momentum in major holdings such as TSMC, Intel, Broadcom, and AMD is further lifting the ETF's performance amid stronger risk appetite in equities.