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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
South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral talks, a Seoul official told reporters on Friday.
Broadcom's AI revenues are surging, but softer guidance has weighed on shares, highlighting ETFs that offer diversified exposure to its growth.