With $10 trillion in customer assets managed, Blackrock stands as the largest asset supervisor globally. It serves as the parent corporation of iShares, delivering over 1,400 ETFs for investors to choose from.
The iShares Semiconductor ETF (NASDAQ: SOXX) administers a $12.9 billion fund comprising the foremost chip stocks globally, many of which are key players in the realm of artificial intelligence (AI) innovation.
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The iShares Semiconductor ETF has recently executed a stock division
Over the past decade, the iShares Semiconductor ETF has yielded an average compounded return of 25.3%, surpassing the S&P 500 index’s 13.1% annual returns during the same period.
In March, the ETF surged to $680 per share, becoming quite costly for numerous retail investors. In response, iShares carried out a 3-for-1 stock split, tripling the number of circulating shares and slashing the share price by two-thirds (currently standing at around $225).
The ETF has now become more within reach for a broader range of investors, signaling excellent potential for further growth considering the immense opportunities in the AI sector. This is how it could potentially convert a $500 monthly investment into over $1 million in the long run, driven by leading entities like Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD).
Backing the foremost chip corporations globally
Investors are likely familiar with AI-driven chatbots such as ChatGPT, Gemini, and Claude, proficient in deciphering and producing text, images, videos, and code. However, it necessitates sophisticated chip-laden data centers for developers to fabricate, educate, and roll out AI models. Without such hardware support, the software could neither exist nor operate.
Nvidia crafts the most dominant graphics processing units (GPUs) in the industry, ideal for such purposes. Currently valued at $2.3 trillion, Nvidia has surged by $1.5 trillion in the past year alone, with soaring demand for its top-tier GPUs from data center operators like Microsoft, Amazon, and Meta Platforms.
The iShares Semiconductor ETF comprises holdings in 30 distinct stocks, with Nvidia holding the prime position. The ETF’s focus is largely centered on its leading…
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