Geopolitics Alpha

Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus

Published . Updated .

Key takeaways

  • Exposed: SMH, SOXX, AVGO, ASML, NVDA
  • Market reaction: price tracking starts with the next trading session.

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SEMICONDUCTORSNasdaq Futures Climb as ChipStocks Rebound; U.S. Midterms inFocusGEOPOLITICS ALPHA

This report is about semiconductors.

Directly affected

  • No company is named in this report.

Indirectly affected

  • SMH VanEck Semiconductor ETF-16.4% 30d

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.

  • SOXX iShares Semiconductor ETF-20.8% 30d

    iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.

  • ASML ASML Holding N.V-0.1% 17d

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.

  • NVDA Nvidia-11.7% 30d

    Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.

  • TSM Taiwan Semiconductor Manufacturing-11.9% 30d

    Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.

  • AVGO Broadcom-11.6% 30d

    Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
SMH+9.78%+10.54%baseafter closeafter closeafter closeafter close
SOXX+12.64%+13.25%baseafter closeafter closeafter closeafter close
ASML+7.22%+9.85%baseafter closeafter closeafter closeafter close
NVDA+7.75%+5.68%baseafter closeafter closeafter closeafter close
TSM+9.59%+8.27%baseafter closeafter closeafter closeafter close
AVGO+6.21%+7.02%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus Barchart.com

Source: Barchart.com

Vaneck Etf Trust (SMH) since this story, compared with the market

CompanyWhenMoveStatus
Asml Holding (ASML)three days earlier+9.85%final price
Asml Holding (ASML)five days earlier+7.22%final price
Broadcom (AVGO)three days earlier+7.02%final price
Broadcom (AVGO)five days earlier+6.21%final price
Nvidia (NVDA)three days earlier+5.68%final price
Nvidia (NVDA)five days earlier+7.75%final price
Vaneck Etf Trust (SMH)three days earlier+10.54%final price
Vaneck Etf Trust (SMH)five days earlier+9.78%final price
Ishares Tr (SOXX)three days earlier+13.25%final price
Ishares Tr (SOXX)five days earlier+12.64%final price
TSMthree days earlier+8.27%final price
TSMfive days earlier+9.59%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who collects and who pays in semiconductors

Companies mentioned with this story

  • SMH Vaneck Etf Trust

    In “Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus,” Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story

  • SOXX Ishares Tr

    Ishares Tr (SOXX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus.” Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story

  • AVGO Broadcom

    Broadcom (AVGO) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus.” Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story

  • ASML Asml Holding

    For “Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. Reason on file: ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story

  • NVDA Nvidia

    In “Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story

  • AMD Advanced Micro Devices

    Advanced Micro Devices (AMD) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus.” Reason on file: Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story

How semiconductors news reaches Vaneck Etf Trust (SMH)

“Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus” (3 Nov 2026) reaches Vaneck Etf Trust (SMH) through Semiconductors.

For Vaneck Etf Trust (SMH), the reason on file says VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story

Ishares Tr (SOXX) is here too. Its reason reads: iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story

The price range for Vaneck Etf Trust (SMH), and the dates in the story

AVGO traded between 319.31 and 380.84 across 20 sessions. The latest close on file is 322.42. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.

The semiconductors score for Vaneck Etf Trust (SMH)

46 out of 100

“Nasdaq Futures Climb as Chip Stocks Rebound; U.S. Midterms in Focus” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.