Semiconductor and Software ETFs Hit Record Volatility, 34 Days of 4%+ Swings in 2026 vs. 9 in 2024

SMH2.38%
According to The Kobeissi Letter, semiconductor ETF SMH and software ETF IGV experienced 34 trading days with single-day price swings of 4% or more year-to-date, surpassing 2024's full-year record of 9 occurrences by 278%. This exceeds the cumulative total from the past seven complete years. SMH recorded three days with declines exceeding 4% in July alone.
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