SMH Hits New Highs as AI Chip Stocks Continue to Thrive

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New York, June 15, 2026, 13:02 EDT

SMH has broken new ground, trading above $646 around midday Monday, after finishing at $619.96 on June 12. Joining the rally, Lam Research, Marvell, Arm, ASML, and Kulicke & Soffa have extended their gains, building on last week's chip rally. As buyers stay committed to AI infrastructure names, the market strength continues.

The VanEck Semiconductor ETF surged Monday as SMH pushed to new highs, with buyers moving back into AI chip names after last week's drop. SMH traded at $646.27 by 12:47 p.m. ET, up 4.2% on the day, with the ETF hitting $648.02 earlier. SMH closed at $619.96 on June 12, securing an 8.8% weekly jump.

Stocks jumped, with traders moving into risk assets. A tentative deal between the U.S. and Iran to stop the Middle East war and get the Strait of Hormuz flowing again sent crude prices down. The Philadelphia Semiconductor Index rose 4.5% to a fresh high.

Lam Research jumped 6.1% to $389.26, Marvell Technology rose 7.6% to close at $300.91, Arm advanced 5.0% to $400, ASML climbed 1.9% to $1,898.05, and Kulicke & Soffa moved up 1.0% to $114.28. These stocks, included in 24/7 Wall St.'s latest semiconductor breakdown, highlight AI capex and demand at chip equipment, design, and interconnect companies.

SMH is still rallying this year, with year-to-date returns at 72.02% and net assets totaling $71.92 billion. Earnings are in focus on the tape, with Lam Research putting up $5.84 billion in March-quarter revenue and non-GAAP diluted EPS of $1.47.