Prediction: The VanEck Semiconductor ETF Will Double Again Before 2032
The chip fund needs gains of around 14% a year to get there. What might stop it?
Overview
Asking the VanEck Semiconductor ETF (NASDAQ:SMH) to double again could seem greedy after the run it's been on. Shares trade near $631 as of this writing, about five times their price five years ago. And since closing 2025 at $360.13, the chip fund has gained about 75%.
Still, I think it can double once more before 2032. A fund priced around $631 has to hit about $1,260 in a bit over five years, which comes out to gains of about 14% a year.
Details
Sure, a doubling isn't certain. Chip stocks rise and fall with an industry that moves in cycles, and the industry is in one of the best stretches it's ever seen.
Source
Originally published at www.fool.com.