$20k in SMH - thinking of selling the ATH and going all-in on MU or NVDA before earnings?
I’ve been holding $20k in SMH for a while and it’s been a great run, but sitting at these all-time highs has me thinking about concentrating.
With Nvidia earnings coming up on Wednesday, I’m tempted to sell the ETF and just move into a single name. I’m mostly looking at MU because the HBM demand, memory supply shortage and price target hikes lately are insane, or just going heavy on NVDA itself.
The diversification in SMH feels like a bit of an illusion anyway since NVDA and TSM drive the whole thing. Is it better to just stick with the fund for the safety net, or is it time to pick a winner before next week? Buying NVDA at an ATH right before earnings feels like a massive gamble, but staying in the ETF feels like I’m just holding dead weight like Intel along with it.
Any thoughts on rotating out now or waiting for the post-earnings volatility?