Based on industry data, the "SMH stock forecast 2030" incorporates expected wafer capacity expansion and next-gen chip adoption. If global chip demand grows 9% annually, SMH's underlying companies may deliver earnings growth supporting $450–$500 price levels by the decade’s end. The VanEck Semiconductor ETF holds 26 different semiconductor stocks. The top 10 positions constitute nearly 70% of the portfolio and include Nvidia, Advanced Micro Devices , Taiwan Semiconductor Manufacturing , Intel , Broadcom , and Qualcomm -- a new favorite of Cathie Wood . Nvidia leads the MAG 7 with a 62% operating margin, driven by Hopper’s pricing power—more than double Apple, Alphabet, and others in the group! Institutional inflows into semiconductor ETFs have surged, indicating confidence in the sector’s decade-long trajectory. The SMH stock forecast 2030 factors in cyclical volatility but sees overall upward bias tied to 5G infrastructure and AI chipset proliferation.