Chipmakers are on pace for their best first quarter ever fears about global economy ease
div > div.group > p:first-child"> The VanEck Vectors Semiconductor ETF — a fund that closely tracks companies in the sector — has gained nearly 22 percent since the start of the year, the best first quarter performance since the fund's inception in 2000. That surge outpaces the broader S&P 500's 12 percent rally. Chipmakers have now posted gains in 10 of 12 weeks to start 2019, and, on Friday, the ETF hit its highest level since early October.
But that hasn't stopped investors from jumping in, as many point to improving signs about the U.S. and global economy. The deal, if approved, would mark Nvidia's biggest ever acquisition as it pushes into the growing data center market. The stock has now surged more than 27 percent to start the year, but it still down 42 percent from its most recent peak in early October.
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