Semiconductor ETFs Whiplashed by Nvidia Revenue Miss
This article was originally published on ETFTrends.com.
Nvidia outperformed analyst expectations in the earnings department, but missed on the revenue front, whiplashing semiconductor exchanged-traded funds (ETFs) in the process. Nvidia stock fell as much as 16% in Friday’s early trading session, while semiconductor ETFs were taken down with it–ProShares Ultra Semiconductors (NYSEArca: USD)–down 5%, VanEck Vectors Semiconductor ETF (NYSEArca: SMH)–down 2.34% and iShares PHLX [...]