The Kobeissi Letter(@KobeissiLetter):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.

2026.09.22 18:13

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.