--- title: "Memory-chip funds jump after SK hynix's record quarter as Israel funds fall" url: "https://etf.net/news/sk-hynix-record-lifts-chip-funds-2026-10-28" published_at: "2026-10-28T21:06:32.563Z" updated_at: "2026-10-28T21:06:32.563Z" byline: "ETF.net Research" --- # Memory-chip funds jump after SK hynix's record quarter as Israel funds fall Korea funds rose less than their stocks as the won fell, and a partial count left neither Israeli bloc with a majority. By ETF.net Research. Published Oct 28, 2026. Memory-chip funds led Wednesday's gains after SK hynix reported a record quarter. Among U.S.-listed funds that do not use leverage, the iShares MSCI Israel ETF EIS was the day's worst, after a partial election count left neither bloc with a majority in the votes tallied so far. ## Israel funds fall on an unfinished count EIS fell **4.9%**. The VanEck Israel ETF ISRA fell 3.9%. The Tel Aviv Stock Exchange was closed Tuesday, election day. On Wednesday, the first session since Monday, the Tel Aviv 125 index fell 2.5%. The two funds fell more than that index. The dollar was up 2.1% against the shekel late in the New York day, which added to those losses for a dollar investor. With more than 80% of votes counted, neither Prime Minister Benjamin Netanyahu's bloc nor the bloc behind Gadi Eisenkot, the leading challenger, had the 61 seats needed to form a government, [CNBC reported](https://www.cnbc.com/2026/10/28/israel-election-netanyahu-trump-gaza-.html). Eisenkot is a former Israeli military chief. ## Memory-chip funds rose far more than the broad chip fund [SK hynix said](https://news.skhynix.com/en/q3-2026-business-results) operating profit rose 632% from a year earlier, to 83.3 trillion won, and the operating margin was 80%. Sales were 104.6 trillion won, the first quarter above 100 trillion. Prices of its key products rose on demand for artificial-intelligence memory, the company said, and it expects demand to exceed supply through 2030. SK hynix rose 10.9% in Seoul, and Samsung Electronics rose 9.0%. The Kospi, South Korea's stock index, rose 6.6%. The Tema Memory ETF DISK rose **7.9%**. Roundhill Investments' Roundhill Memory ETF DRAM rose 7.1%. Micron, the U.S. memory-chip maker, rose 5.9% in New York. The VanEck Semiconductor ETF SMH rose 1.7%. Nvidia, 20% of that fund, fell 1.2%. What paid was memory, not chips as a group. Chart: Memory stocks and funds outran the broad chip ETF The iShares MSCI South Korea ETF EWY and Franklin Templeton's Franklin FTSE South Korea ETF FLKR each rose 5.3% in dollars. Samsung and SK hynix were 45% of EWY. Taken together, the stocks in EWY rose about a percentage point more in won than the fund did in dollars. The difference is close to the won's 1.2% drop against the dollar. ## A computing-power fund rose with its own stocks Roundhill Investments' Roundhill Neocloud ETF NCLD, a fund of companies that supply computing power, rose 6.6%. Nebius, one of its largest holdings, rose 7.0%, and CoreWeave rose 7.3%. ## Company reports moved the other big stocks [Vertiv](https://www.sec.gov/Archives/edgar/data/1674101/000162828026067707/q32026exhibit991vrt10282026.htm), which makes power and cooling equipment for data centers, rose 16.5%. Organic orders more than doubled from a year earlier, and the company raised full-year net-sales guidance by $650 million, to a midpoint of $14.65 billion. Oracle, the database and cloud-software company, rose 10.6% after [it set](https://www.sec.gov/Archives/edgar/data/1341439/000119312526435853/d75538dex991.htm) a fiscal 2030 revenue target of at least $225 billion and limited additional capital raises through that year to $20 billion, excluding refinancing. It also said free cash flow would turn positive in the second half of fiscal 2028. F5, which sells software that delivers and secures applications, fell 20.4%. On Tuesday it [guided](https://investors.f5.com/news/news-details/2026/F5-Reports-Fourth-Quarter-Results-with-23-Product-Revenue-Growth/default.aspx) to revenue growth of 8% to 9% in fiscal 2027, after growth of 11% in fiscal 2026. Enphase Energy, which makes residential solar equipment, fell 16.0%. On Tuesday it [forecast](https://www.sec.gov/Archives/edgar/data/1463101/000146310126000101/a2026q3exx991pressrelease.htm) fourth-quarter revenue of $225 million to $255 million, against third-quarter revenue of $293.3 million, and said U.S. residential solar demand is soft. Enphase was 6.7% of the Invesco Solar ETF TAN, which fell 2.5%. ## Brazil funds fall two days after the crash On Wednesday the iShares MSCI Brazil Small-Cap ETF EWZS fell 4.2%, Franklin Templeton's Franklin FTSE Brazil ETF FLBR fell 2.3%, and the iShares MSCI Brazil ETF EWZ fell 2.0%. On Monday Brazil's Ibovespa index fell 13.9%, its steepest one-day decline since the COVID-19 market turmoil of 2020, after President Luiz Inácio Lula da Silva's re-election, [Valor International reported](https://valorinternational.globo.com/markets/news/2026/10/27/brazilian-markets-plunge-as-lulas-reelection-rattles-investors.ghtml). Source: etf.net, https://etf.net/news/sk-hynix-record-lifts-chip-funds-2026-10-28. Please cite the page URL.