Nvidia’s post-earnings gain has not significantly bolstered the broader semiconductor sector this week. The chipmaker experienced an increase of over 1% this week, buoyed by a substantial nearly 9% surge on Thursday, attributed to a robust earnings report and positive outlook. But the VanEck Semiconductor ETF has slipped more than 3% week to date.

Marvell Technology and Applied Materials exerted downward pressure on the ETF, recording losses exceeding 8% and 5% respectively this week. Synopsys and Cadence Design Systems were among the other stocks contributing to the mitigation of losses, increasing by more than 11% and 6%, respectively.