Semiconductors Down On Analyst Revisions, Huawei Woes

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Semiconductor ETFs were hit on Wednesday after slumps in related semiconductor stocks including LAM research, Applied Materials, Micron, Teradyne, and Qualcomm. In May, the sector was down more than 15%, its worst monthly performance since 2008. The VanEck Vectors Semiconductor ETF (SMH) was down 1.98%, the SPDR S&P Semiconductor ETF (XSD) down 1.79% and Invesco Dynamic Semiconductors ETF (PSI) [...]

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