Semiconductor ETFs are making history. Assets under management (AUM) in the semiconductor ETF, $SMH, are up to $70 billion, near its highest level since July. At the same time, AUM in the semiconductor ETF, $SOXX, are up to $46 billion, near its highest on record. This comes a
Why now
Thesis: Semiconductor ETF assets hit record highs
Catalyst to watch: Continued AI capex and chip demand
Main risk: Crowded positioning amplifies drawdowns
Why it matters
Record semiconductor ETF AUM shows heavy investor concentration in chips, supporting prices but raising crowding risk.
Details
Semiconductor ETFs are making history. Assets under management (AUM) in the semiconductor ETF, $SMH, are up to $70 billion, near its highest level since July. At the same time, AUM in the semiconductor ETF, $SOXX, are up to $46 billion, near its highest on record. This comes as $SMH's AUM has grown more than +500% since the start of 2024, while $SOXX's AUM has grown +360%. By comparison, AUM in the tech software ETF, $IGV, has risen +91% over the same period, to $13.5 billion. As a result, the two semiconductor ETFs now hold ~$116 billion in assets combined. The semiconductor trade is incredibly hot.
Related assets & topics
Semiconductors ETF · SMHiShares Semiconductor ETF · SOXXNVIDIA · NVDAAdvanced Micro Devices · AMDTaiwan Semiconductor Manufacturing · TSMSources
- x · 2026-09-22 18:13 UTC