Movement Alert|VanEck Semiconductor ETF Rises 3.02% in Regular Trading, NVIDIA Earnings Far Exceed Expectations Boosting Semiconductor Sector

Market Focus
Aug 28

On August 27, VanEck Semiconductor ETF rose 3.02% in regular trading, trading at 572.72 USD/share, with turnover of 2.235 billion USD.

On the news front, NVIDIA reported Q2 revenue far exceeding market expectations and issued strong forward guidance, with shares rising approximately 5% after hours and lifting Nasdaq futures nearly 1%. NVIDIA CFO confirmed Groq 3 LPX will begin batch shipments to early adopters by end of the current quarter, with Nebius as the first customer. Additionally, NVIDIA announced a partnership with Amazon AWS to deploy 2 million additional GPUs during 2027-2028, while projecting FY2028 revenue growth of 70%. The AI computing demand outlook received further validation, broadly benefiting the semiconductor sector.

The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry, and the fund is non-diversified.

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