Microchips Fund Returned 32% in April – Here’s Why
- Michael Mosi
- Jul 9
- 2 min read
April was a historic month for Microchips Fund (SMH). The fund gained an impressive 32.2% in April alone, marking its strongest monthly performance ever. As of May 8, 2026, the fund’s trailing returns stand at +57.32%year-to-date, making it one of the standout performers in the market.
So, what’s driving this momentum? Several major semiconductor companies posted strong earnings last month. Taiwan Semiconductor Manufacturing Company reported revenue growth of 40% and net income up nearly 60%, while ASML and Lam Research also beat expectations, highlighting strong industry demand.
The biggest surprise came from Intel, which delivered earnings far above forecasts and saw its stock climb 114% in April 2026, driven by renewed CPU demand in AI data centres. Together, these results boosted confidence across the semiconductor sector and lifted the fund’s performance.
Financial analysts point out that semiconductors are now at the heart of the AI build-out. The industry is experiencing what some call a “memory supercycle,” with shortages in high-bandwidth memory driving prices higher. Analysts expect semiconductor earnings to remain strong for at least the next two years, supported by massive investments in AI data centres. However, they also caution that the sector is cyclical, meaning investors should be mindful of risks if demand slows.
For long-term investors, analysts believe investing in semiconductors is essential. The Microchips Fund provides a convenient way to invest in leading chipmakers like Nvidia, TSMC, Intel, and Broadcom, all of which are central to the AI infrastructure story.
Already invested in the Microchips Fund? You can top up your investment to take advantage of this long-term shift in how the world uses technology.
If you haven’t yet included this fund in your investments, book a free financial advisory call with us to learn how this ETF could fit into your strategy
Disclosure:
Ndovu is a regulated Robo-advisory platform operated by Ndovu Wealth Limited (‘NWL’). NWL is a fund manager licensed by the Capital Markets Authority (Kenya).
The information provided on this platform and the products and services offered are intended solely for persons in regions and jurisdictions where such distribution and utilization are in accordance with local laws and regulations. Ndovu does not promote its services in regions where it lacks the necessary licenses; It is exclusively available to persons residing in countries where it holds a valid license or has regulated partners. Ndovu does not extend its services to citizens of the United States, Canada, Japan, and other restricted territories.
Disclaimer:
All ETF products are subject to risk, including country/regional, liquidity, and currency risks. Market prices of securities within the ETF may rise and fall, sometimes rapidly and unpredictably.
While ETFs provide diversification through exposure to a basket of securities, they do not eliminate the risk of loss. Diversification does not ensure a profit or protect against a loss. These are non-cis products and are registered by the SEC.
Muy buen artículo, está explicado de una forma clara y fácil de entender. Me gusta cómo los pequeños desafíos online pueden ayudar a practicar diferentes habilidades de una manera entretenida. Un click test es una herramienta interesante porque permite comprobar la velocidad de clics de forma sencilla. Es una opción divertida para jugadores y usuarios que quieren practicar el control del mouse mientras mejoran poco a poco.
You have provided a lot of useful information in this post, which is very excellent. This demonstrates how skilled you are as a writer Wacky Flip
Great insights on the microchips fund! It reminds me of how platform games keep evolving, much like tech stocks. Have you seen similar growth patterns in other sectors?
FNAF 2 keeps you on your toes with surprises around every corner! The game fnaf 2 is like a cozy blanket made of jump scares rarely offers a moment to relax! Tension is still riding high every single night!
geometry arrow is a browser-based arcade game that reimagines the popular Wave mode from Geometry Dash as a standalone experience. Developed independently rather than as an official release, the game focuses entirely on wave-based gameplay, delivering fast-paced action, precision controls, and increasingly challenging obstacle courses.