Semiconductor ETFs Hit New High

Growing optimism about the prospects of the Fed's interest rate cut in June has led to a stock market rally. In fact, the semiconductor sector has outperformed, with the Philadelphia Semiconductor index reaching a record high, gaining 23.7% this year.Many semiconductor ETFs also touched new 52-week highs. These are Invesco PHLX Semiconductor ETF (SOXQ) , iShares Semiconductor ETF (SOXX) , VanEck Vectors Semiconductor ETF (SMH) , SPDR S&P Semiconductor ETF (XSD) and Strive U.S. Semiconductor ETF (SHOC) .Insi ...