Micron's Earnings Loom Over VanEck Chip ETF After Violent 9.7% Weekly Swing
13.06.2026 - 18:56:00 | boerse-global.de
The VanEck Semiconductor UCITS ETF has just lived through one of its most dramatic weeks of the year. After a brutal selloff wiped more than a trillion dollars in market value from the global chip sector, bargain hunters stormed back in, propelling the fund to a Friday close of €100.94. That gave the ETF a weekly gain of 9.67 percent – a near-double-digit rebound that puts the all-time high back within reach.
The turmoil began with Broadcom. The company posted record revenue from its artificial-intelligence business, but its third-quarter sales forecast of $16 billion fell well short of the $17.2 billion analysts had penciled in. The market reacted swiftly: Broadcom’s stock cratered 14 percent, dragging the entire semiconductor ecosystem with it. Marvell Technology lost 17 percent; Micron, Intel, Advanced Micro Devices and European heavyweights ASML and Infineon all took heavy hits on the day.
Yet the mood shifted just as quickly as it had soured. By Monday, the Philadelphia Semiconductor Index had recouped most of its losses. Two names in particular drove the recovery.
Intel surged on news that Alphabet had commissioned the chipmaker to produce three million custom internal chips. Nvidia is also reportedly evaluating Intel’s manufacturing capacity. Intel’s shares jumped 8.5 percent on the session – and at one point were up as much as 11 percent – with the rally amplified by a Bank of America upgrade to buy. Meanwhile, an iShares Semiconductor ETF also climbed more than eight percent that same day.
Should investors sell immediately? Or is it worth buying VanEck Semiconductor UCITS ETF?
AMD provided fresh momentum late in the week. Citigroup lifted its price target to $575, citing a massive project at Meta Platforms that could deploy AMD graphics processors at scale, potentially generating double-digit billion-dollar revenue from 2027. The upbeat call was backed by strong quarterly results: AMD’s overall sales rose 38 percent year over year, with its data-center segment jumping 57 percent. The stock added another five percent as the week ended.
Away from the trading frenzy, several portfolio holdings made strategic moves. Applied Materials is spending $500 million on a new campus in Singapore that will double its cleanroom capacity and create about 1,000 jobs, directly supporting chipmakers racing to expand output for AI workloads. Marvell Technology, meanwhile, will join the S&P 500 at the end of June – a milestone that follows Nvidia CEO Jensen Huang’s prediction that Marvell could become the next trillion-dollar company, thanks to its dominant position in AI networking chips.
Micron Technology remains the single largest position in the VanEck ETF, with a weighting of roughly 14 percent. The memory specialist recently reported record revenue and free cash flow and unveiled new AI-optimized products for data centers at Computex 2026. With the fund’s relative strength index at 63.9 – still below the overbought threshold – and the ETF trading well above its 50-day moving average, the technical picture remains constructive. But the next big catalyst is Micron’s quarterly earnings on June 24, which could set the tone for the entire sector.
For now, the VanEck Semiconductor ETF has recouped its losses with remarkable speed. Since the start of the year it has gained 83.66 percent, and over the past twelve months the advance stands at 163 percent. Cloud providers are planning $750 billion in total capital expenditure for 2026, and Nvidia’s own addition to the S&P 500 is imminent. The AI supercycle that powered this fund’s ascent shows no sign of petering out – though the volatility of the past week is a stark reminder that even the hottest trends can produce violent corrections.
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VanEck Semiconductor UCITS ETF Stock: New Analysis - 13 June
Fresh VanEck Semiconductor UCITS ETF information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
