2024-06-23 07:15:00 ET
Artificial intelligence (AI) is the biggest bellwether for the technology sector right now. Moreover, gains in megacap technology giants such as Nvidia , Microsoft , Amazon , and more are helping fuel the S&P 500 and Nasdaq Composite to record highs.
With shares up nearly 180% so far in 2024, Nvidia recently became the largest company in the world by market cap . Some investors may think it's too late to hop on the Nvidia train. Alternatively, as shares of the semiconductor giant continue to rocket on a seemingly daily basis, investors may be looking for alternative options in the AI chip realm.
The VanEck Semiconductor ETF (NASDAQ: SMH) could just be what you're looking for. Let's dig into why this exchange-traded fund (ETF) looks like a great opportunity for long-term investors interested in semiconductor businesses beyond Nvidia.
For further details see:
Missed Out on Nvidia? Here's 1 Spectacular ETF to Buy Instead