VanEck Semiconductor UCITS ETF is trading 3.8% up today, closing at $89.93 as part of a powerful, AI-driven semiconductor and broader technology rally.
- The surge followed a significant risk-on shift triggered by a U.S.–Iran 60-day peace deal, which lowered oil prices and boosted growth-oriented assets.
- Fresh optimism surrounding AI chips was further amplified by Nvidia’s announcement of a large bond deal and share buyback, lifting the entire semiconductor complex.