Semiconductor ETFs Continue To Grow

Share post:

SOXQ, which tracks the PHLX Semiconductor Sector Index, has delivered a return of 27.5% year to date and 6.5% over the past month. This index consists of the 30 largest U.S.-listed semiconductor companies that produce memory chips, microprocessors, integrated circuits, and related equipment used in various electronic devices such as household products, automobiles, and computers.

PSI, on the other hand, has achieved a return of 19.8% year to date and 3.8% over the past month. It follows the Dynamic Semiconductor Intellidex Index, which selects semiconductor companies based on fundamental and quantitative factors.

Semiconductor stocks play a vital role in electronic devices and are crucial for advancements in multiple industries, including communications, computing, healthcare, military systems, transportation, and clean energy. This positions them for long-term demand and potential growth.

Despite near-term uncertainty in the technology sector, semiconductor ETFs are expected to benefit from newer innovations in technology, such as electric vehicles and artificial intelligence (AI). The increasing prominence of AI, like ChatGPT, could contribute to the continued growth of the semiconductor industry.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...