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Nasdaq hits record highs as AI stocks power the rally despite elevated Treasury yields, putting tech and semiconductor ETFs in focus.
Rising Treasury yields and surging oil prices are hammering chip stocks, but Intel is falling harder than NVIDIA and AMD combined, and a looming question about its role in Elon Musk's Terafab project may be making things worse.
While AI investing initially centered on hyperscalers and chips, the opportunity has been broadening as infrastructure grows. Opportunities are moving further down and across the supply chain — into memory, data center power, components, and robotics.
Ayalon Insurance Comp Ltd. increased its position in shares of iShares Semiconductor ETF (NASDAQ: SOXX) by 160.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,076 shares of the exchange traded fund's stock after buying an additional 44,976 shares during the period.
BlackRock's semiconductor fund has been quietly outpacing the one most chip investors default to, but the longer you look back at the numbers, the more complicated the story gets.
MassMutual Private Wealth and Trust FSB increased its stake in iShares Semiconductor ETF (NASDAQ: SOXX) by 27,263.8% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,881 shares of the exchange traded fund's stock after purchasing an additional 18,812 shares
Chip stocks jumped on the Muse rollout.
The Philadelphia semiconductor index, known as SOX, on Friday rose to its highest level in three months.