NVDA-Led Semiconductor ETFs SOXX and SMH Trade Below S&P 500 Valuations
What happened
A Benzinga analysis reports that semiconductor stocks held in the SOXX and SMH ETFs, a group anchored by Nvidia (NVDA), currently trade at lower valuations than the broader S&P 500. The piece examines whether the valuation gap offers a practical entry point for sector ETF investors. It frames the discount against the chip group's extended run and cites both funds as diversified vehicles for the trade-off.
The QL Read
With XLK lagging at -0.21% on a tape of 68.5% advancing names and VIX at 19.07, the valuation case lands on a neutral QuantLogix composite for NVDA at 52/100, price $207.95, up 1.60%. AMD's November 3 earnings offer the next sector datapoint.
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