NewsMV
The VanEck Semiconductor ETF (SMH), which tracks chip stocks, fell 5% in the session as selling hit the semiconductor space broadly.
Nvidia shares pushed into positive territory through that pressure, holding green while sector peers gave ground. That split in the tape is drawing trader positioning aimed at a significant Nvidia rally.
The sector selloff and Nvidia's hold A 5% decline in SMH is a meaningful session move. The VanEck fund captures the chip sector's direction, and a drop of that size puts the full weight of the selling on display.
Nvidia absorbed that pressure and came out the other side positive. The stock did not glide higher. The session description is precise: Nvidia "fought" into the green.
Keep reading