{"id":2097,"date":"2026-09-28T16:18:37","date_gmt":"2026-09-28T19:18:37","guid":{"rendered":"https:\/\/www.dexetfs.com.br\/noticias\/chip11-ustk11-amd-micron-etfs-semicondutores-semana-25-setembro-2026\/"},"modified":"2026-09-28T16:42:52","modified_gmt":"2026-09-28T19:42:52","slug":"chip11-ustk11-amd-micron-semiconductor-etfs-gain-september-2026","status":"publish","type":"noticias","link":"https:\/\/www.dexetfs.com.br\/en\/noticias\/chip11-ustk11-amd-micron-semiconductor-etfs-gain-september-2026\/","title":{"rendered":"CHIP11 Rallies 6.97% for the Week: AMD and Micron Boost Semiconductor ETF Gains"},"content":{"rendered":"
\"chip11-ustk11-amd-micron-etfs-semicondutores-semana-25-setembro-2026\"

Credit: iStock<\/p><\/div>\n

CHIP11 gained 6.97% last week, while USTK11 advanced 4.00%. Both ETFs provide access via B3 to US technology companies while maintaining foreign currency exposure.<\/p>\n

The former’s portfolio is concentrated in the semiconductor value chain; the latter allocates capital across Apple, Microsoft, software, and hardware equipment as well. Over the week, AMD jumped 12.65% in New York and Micron gained 6.54%.<\/p>\n

The rally came during a week characterized by a tug-of-war between technology stocks and interest rates. The Federal Reserve had raised its benchmark policy rate by 0.25 percentage points to a target range of 3.75% to 4.00% on September 16. In the following week, the 10-year Treasury yield rose approximately 15 basis points, approaching 5.15%, according to Nasdaq data. Despite higher capital costs, the Nasdaq-100 advanced roughly 3%. The market did not buy all growth stocks equally: momentum in computing, memory, and artificial intelligence-linked names was strong enough to overcome interest rate pressure across part of the sector.<\/p>\n

The US dollar also contributed to local-currency performance. The greenback closed last Friday near R$ 5.18, up from approximately R$ 5.14 on September 18. This weekly appreciation benefited Brazilian ETFs that maintain unhedged foreign currency exposure.<\/p>\n

CHIP11 (Investo): +6.97%<\/h2>\n

CHIP11 invests in SMH, VanEck’s US ETF dedicated to semiconductor manufacturers and equipment suppliers. In the portfolio holdings disclosed by Investo, Nvidia represented 23.45% of the target fund; TSMC, 9.65%; Broadcom, 6.11%; Micron, 5.61%; and AMD, 5.29%. Combined, these top five positions accounted for 50.11%. This concentration leaves performance heavily dependent on the chip value chain, memory products, and foundry manufacturing capacity.<\/p>\n

AMD shares rose from $559.82 to $630.63 between September 18 and 25. On Monday alone, the stock jumped 9.95%, capturing the bulk of its weekly gain. Micron moved from $1,015.80 to $1,082.28; TSMC went from $434.67 to $450.61, a 3.67% increase. Nvidia, the largest holding in the basket, rose from $222.27 to $225.07, a more modest 1.26% gain. Thus, strength did not come solely from the index’s largest heavyweight: AMD and Micron provided a proportionally larger boost, supported by TSMC.<\/p>\n

The +6.97% return in Brazilian Reais reflects the combined gai<\/p>\n

\"global-x-emerald-sponsor-index-2026\"<\/p>\n

Want to follow discussions on indices, strategies, and the ETF market? INDEX 2026, DEX’s annual event, takes place on November 12 in S\u00e3o Paulo. Secure your spot<\/a>.<\/p><\/blockquote>\n

USTK11 (Investo): +4.00%<\/h2>\n

USTK11 replicates the Vanguard Information Technology ETF (VGT) in Brazil, offering a broader basket of US technology. In the holdings disclosed by the manager, Nvidia accounted for 17.73%, Apple for 15.79%, and Microsoft for 11.51%. Broadcom (4.52%), Micron (4.18%), and AMD (2.95%) were also present. Sector composition indicated 36.86% in semiconductors and 5.13% in semiconductor materials and equipment, with the remainder spread across hardware, software, communications, and other tech activities.<\/p>\n

The fund captured AMD and Micron’s rally, but allocated a smaller fraction of its portfolio to them: 7.13% combined, compared to 10.90% in CHIP11’s underlying fund. It also held significant exposure to Apple and Microsoft, which are absent from SMH’s pure-play semiconductor core. Nvidia was a significant holding in both products, carrying a larger weight in CHIP11, but its stock rose only 1.26%. The explanation for the weekly performance divergence between the two ETFs lies in this asset allocation: higher weightings in AMD, Micron, and other semiconductor firms in CHIP11, which were diluted in USTK11 by mega-cap hardware and software companies.<\/p>\n

The 4.00% gain was nevertheless substantial during a week in which the Nasdaq-100 rose approximately 3% in US dollars and the dollar strengthened against the Real.<\/p>\n

 <\/p>\n

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This content is for informational and educational purposes only and does not constitute an investment recommendation.<\/em><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

CHIP11 rose 6.97% on the week, outperforming USTK11 by 2.97 percentage points. AMD, Micron, and TSMC advanced, giving traction to the semiconductor-focused basket.<\/p>\n","protected":false},"featured_media":2094,"template":"","categories":[85],"tag_noticias":[81,38],"class_list":["post-2097","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","category-global-market","tag_noticias-analysis","tag_noticias-investo"],"yoast_head":"\nCHIP11 Rallies 6.97% for the Week: AMD and Micron Boost Semiconductor ETF Gains - DEX | Portal de ETFs<\/title>\n<meta name=\"description\" content=\"CHIP11 avan\u00e7ou 6,97% na semana at\u00e9 25\/9, ante 4,00% de USTK11. 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