SMH rout: DeepSeek AI shakes chip ETF to worst loss in 5 years – how holdings fared

Jan. 27, 2025 6:01 PM ETVanEck Semiconductor ETF (SMH), SPX, COMP:IND, NVDA StockAMD, TXN, AMAT, QCOM, ADI, MU, TSM, ASML, AVGO, SOXBy: Carla Mozee, SA News Editor

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The VanEck Semiconductor ETF (NASDAQ:SMH) finished Monday with its steepest decline in nearly five years, as Chinese startup DeepSeek ignited AI competition worries and a selloff in chip stocks and the tech sector overall.

The largest semiconductor ETF by AUM (

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