Semiconductor ETF SMH Hits Record $619.96 as AI Demand Drives 8.8% Weekly Gain
AI-driven capital expenditure and strong earnings push the SMH ETF to new highs, led by key semiconductor stocks. The SMH semiconductor ETF surged 8.8% in a single week, closing at a record $619.96 on June 12, 2026, as AI-related capital expenditure outpaced supply. The ra