Semiconductor ETF SOXX Pops as Nvidia Buys Chip Maker Mellanox

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This article was originally published on ETFTrends.com.

Semiconductor ETFs climbed Monday after Nvidia (NasdaqGS: NVDA) announced it will acquire chip designer Mellanox Technologies (NasdaqGS: MLNX) for $6.8 billion to help boost its data center business. The iShares PHLX Semiconductor ETF (NasdaqGM: SOXX), which includes a 7.1% tilt toward NVDA, gained 2.7% on Monday as Nvidia shares surged 7.5% and MLNX shares jumped [...]

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