ONTO - PSI: The Best Performing Semiconductor ETF
- The global semiconductor industry is currently seeing strong growth across a multitude of end-markets: 5G smartphones/infrastructure, networking, EVs, and HPC - just to name a few.
- Indeed, July global semiconductor sales were $45.4 billion - up 29% yoy.
- Although PSI has lagged the S&P500 over the past 6-months, it is up 70%+ over the past year, has consolidated a strong base, and appears poised to move higher.
- PSI is among the best - if not THE best - performing semiconductor ETF over the past year - likely due to its weighting in the fast growing semiconductor equipment makers.
For further details see:
PSI: The Best Performing Semiconductor ETF