3 Semiconductor Stock ETFs, and Which One is Right for Your Portfolio
From Nasdaq: 2024-08-06 17:20:44
The global semiconductor industry is projected to hit $617 billion by 2024, driven by AI advancements. Sales spiked 18.3% in Q2, with Americas seeing 42.8% growth. Investors can tap into this boom with semiconductor ETFs like VanEck SMH, iShares SOXX, and SPDR XSD, each offering unique advantages and exposure to top chip companies. VanEck SMH boasts $19.18 billion in assets and 44% returns over the past year, tracking top AI players like Nvidia and TSM. iShares SOXX provides a more balanced approach with 22.8% returns, emphasizing US-listed equities like Broadcom and Qualcomm. SPDR XSD offers an equal-weighted strategy across 39 stocks, providing a diverse yet volatile investment option with lower returns of 3.5% year to date. Investors seeking exposure to the booming semiconductor industry have various ETF options to consider, each with its unique benefits and risks.
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