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Chart of the Day: Are Chips Losing Their Edge to Software Stocks?

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September 11, 2023

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Semiconductor stocks have surged this year, thanks in large part to Nvidia. But they could be losing relative strength to software makers within the technology sector.

Today’s main chart focuses on the VanEck Semiconductor ETF (SMH), which closely tracks the Philadelphia Semiconductor Index. It recently slipped below the 50-day simple moving average, which may …

For more, please click here to view the related idea and chart analysis on TradingView.

VanEck Semiconductor ETF (SMH), *daily chart, with selected patterns and indicators, courtesy of TradingView*.

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