At $227.95, SMH stock price trades just 1% below its year-to-date highs. This proximity to record territory attracts momentum-driven buying. Seasonality studies how stocks perform historically. Historically, June tends to deliver powerful results during election years (like the one we are in now) When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss. Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. SMH stock price currently reflects solid ETF inflows, with $350 million added over the past three weeks. This suggests growing investor conviction in chip stocks.