11:42am ET
Analysis
VanEck Semiconductor ETF Is Up 64% This Year and Doesn't Own a Single Share of Apple
SMH has ripped 64.47% year to date — and its zero-Apple construction is exactly why.
Michael Williams
Apple designs the devices, software, and services at the center of consumer technology — iPhone, Mac, iPad, wearables, and a services business spanning the App Store, Apple Music, TV+, and Pay. Founded in 1976 and headquartered in Cupertino, California, it remains the reference point for hardware-software integration at scale.
SMH has ripped 64.47% year to date — and its zero-Apple construction is exactly why.
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