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The winning spree for semiconductor stocks and exchange-traded funds (ETFs) has continued unabated in 2023, as suggested by the 221% year-to-date gain for sector standout Nvidia (NVDA). More broadly, popular chip ETFs such as the VanEck Semiconductor ETF (SMH) (up 55.3%) and the iShares Semiconductor ETF (SOXX) (up 55.7%) are comfortably outperforming even the healthy 44% advance in the Nasdaq QQQ Invesco ETF (QQQ) since the start of the calendar year.
