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    Why Semiconductors Could Dominate AI Play | VanEck ETF Analysis | FinOracle

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Why Semiconductors Could Dominate AI Play | VanEck ETF Analysis

VanEck Semiconductor ETF (SMH) has risen 21% this year but fell 6% this month led by Intel, AMD, and On Semiconductor. Van Eck sees the weakness as temporary and advises to consider paring back a bit.

by Lilu Anderson
Sun, Apr 21, 2024 10:12am
in Technology
• 2 mins read
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Why Semiconductors Could Dominate AI Play | VanEck ETF Analysis | FinOracle

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Semiconductors: The Heartbeat of the AI Boom, Says VanEck CEO

In the throes of the artificial intelligence (AI) explosion, investing in semiconductors has been pinpointed as a highly efficient strategy. VanEck's CEO, Jan van Eck, emphasized that "Semiconductors have become the heart of the AI trade," spotlighting the pivotal role these components play in the burgeoning sector. VanEck Semiconductor ETF, a fund tracking the top 25 chipmakers in the nation, has witnessed a significant upswing of 21% this year, underscoring the sector's robust growth.

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