Chipwrecked: Nvidia's Export Ban Triggers ETF Meltdown (And One Big Winner)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
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Source: Benzinga
Impact of U.S. Export Restrictions: New U.S. export restrictions on AI chips to China have led to significant declines in Nvidia's stock and related semiconductor ETFs, with Nvidia reporting a $5.5 billion charge due to excess inventory and revenue losses projected for both Nvidia and AMD.
Market Reactions and Future Outlook: While some ETFs experienced sharp losses, inverse products gained significantly; analysts suggest that despite the current volatility, Nvidia's long-term growth potential remains intact, particularly with upcoming chip releases expected to drive future revenues.
Analyst Views on SMHX
Wall Street analysts forecast SMHX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMHX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 40.131
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Current: 40.131
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
