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Semiconductor ETFs are riding AI-driven demand and rising chip investment, with four funds offering diversified exposure to the industry's next growth phase.
South Korean stocks fell sharply on Thursday as Brent crude held above $100 a barrel, pushing the KOSPI back below the 7,000 mark just a day after it reclaimed the level for the first time in more than a month. The benchmark was down 1.28% at 6,961.23 by late morning in Seoul.
South Korea's demand for power in the coming years is set to surge on plans by chipmakers Samsung Electronics and SK Hynix to expand production and the building of new AI data centres, according to the country's energy minister.
Over the last several decades, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have averaged negative returns during September. Artificial intelligence (AI) chip stocks had mixed performances during the last three Septembers.
British chip components maker IQE Plc posted a half-yearly core profit on Monday, compared to a year-ago loss, helped by strong demand from AI infrastructure and data centre and defence customers.
Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic's launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value in a day.
Memory and storage names are catching a strong bid Friday morning even as the broader market softens. The iShares Semiconductor ETF (NASDAQ:SOXX) is up 3% to $516.92.
Allen Mooney and Barnes Investment Advisors LLC bought a new position in iShares Semiconductor ETF (NASDAQ: SOXX) during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,349 shares of the exchange traded fund's stock, valued at approximately $17,524,000. iShares