AMD, Nvidia, and Broadcom Could Help This Unstoppable ETF Turn $250,000 Into $1 Million

Most development in artificial intelligence (AI) happens inside data centers, which are filled with thousands of purpose-designed chips from suppliers like Nvidia, Advanced Micro Devices, and Broadcom. In order for AI models to continue improving, they require more computing power so they can process higher volumes of data at faster speeds.In fact, Nvidia CEO Jensen Huang thinks the latest reasoning models, which spend more time "thinking" before rendering outputs, could drive an AI infrastructure spending boom worth $4 trillion by 2030. If that's the case, it might be a great idea for investors to own a slice of the semiconductor industry.The iShares Semiconductor ETF (NASDAQ: SOXX) is an exchange-traded fund (ETF) that invests exclusively in companies that supply chips and other computing hardware components. It manages a highly concentrated portfolio of just 30 stocks, and Advanced Micro Devices (AMD), Nvidia, and Broadcom are among its top holdings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool