SOXQ - SMH: Nvidia Is Not The Only Growth Story In This Picture
2024-06-17 08:42:58 ET
Summary
- Semiconductor stocks benefit from AI wave, boosted by large tech firms.
- Nvidia leads in the semiconductor market, but other companies like TSMC, Broadcom, and Qualcomm also have bright prospects.
- SMH ETF dominates peers in performance and assets managed, with potential for continued growth due to AI and data center infrastructure demand.
- Robust tailwinds demonstrated by capex booms and projected end user demand in technological devices propel the growth outlook for companies in the SMH fund.
Investment Thesis
The semiconductor complex of stocks has been a huge beneficiary of the AI wave that has lifted business spending in the semiconductors and chips industry, especially by large technology firms and hyperscalers, large cloud providers such as Microsoft ( MSFT ), Meta Platforms ( META ), Alphabet ( GOOG ), etc....
SMH: Nvidia Is Not The Only Growth Story In This Picture