From Nasdaq: 2024-05-01 04:15:00

Artificial intelligence (AI) presents a massive opportunity for investors, especially in the semiconductor industry. Nvidia CEO predicts a $1 trillion demand for chips in data centers. The iShares Semiconductor ETF (SOXX) offers a diversified way to invest in chip companies, including Nvidia.

The SOXX ETF recently completed a stock split, making it more accessible to investors. It has delivered impressive returns, outperforming the S&P 500 and Nasdaq-100. With the growing demand for AI-enabled devices, the ETF could continue to provide strong returns in the future.

Nvidia’s powerful GPUs for AI have driven its data center revenue, making it a $2.2 trillion company. The SOXX ETF holds stakes in 30 chip companies, with top holdings like Broadcom, AMD, and Micron Technology contributing to its performance. The ETF’s diversified portfolio is well-positioned to benefit from the AI boom.

Investing in the SOXX ETF offers a potential for significant financial gains over the long term. Even with a more moderate annual return, investors could see substantial growth in their investment. With the AI industry thriving, the ETF remains a compelling option for those looking to capitalize on this opportunity.



Read more at Nasdaq: Nvidia Could Help This Stock-Split ETF Turn $200,000 Into $1 Million in 10 Years