Semiconductor ETFs brace themselves for market volatility ahead of Nvidia's earnings

Semiconductor ETFs brace themselves for market volatility ahead of Nvidia’s critical earnings announcement.

Put-option trading on VanEck Semiconductor ETF (SMH) has spiked to its most cautious level in ten months amid fears that Nvidia’s results could ripple through the broader semiconductor sector.

Currently, Nvidia accounts for about a fifth of SMH’s assets, meaning a drop in earnings or negative guidance could greatly affect the ETF and the larger semiconductor industry.

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