The newest SMH stock forecast incorporates geopolitical risk adjustments, with limited impact expected from export controls given diversified global demand for semiconductors. “Blackwell is in full production,” Huang said in an interview with CNBC in early October. “The demand for Blackwell is insane. Everybody wants to have the most, and everybody wants to be first.” As readers will note above, SMH has a massive 20.1% position in shares of Nvidia (NVDA) . However, this large position has served it well, as Nvidia stock has risen nearly 200% in the past year. Institutional investors regard the SMH stock forecast as a sector bellwether, with semiconductor index correlations signaling above-average outperformance potential versus the S&P