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NvidiaThe Motley Fool
•75% Informative
The iShares Semiconductor ETF (NASDAQ: SOXX) holds every leading chip stock.
The fund invests in U.S. companies that design, manufacture, and distribute chips.
Nvidia CEO Jensen Huang believes data center operators will spend $1 trillion building GPU -based AI infrastructure over the next five years .
The iShares Semiconductor ETF will rebalance over time, so new companies will find their way into its top holdings if they are outperforming their peers.
Even if the ETF reverts back to an annual return of 11.6% , that will still be enough to turn $ 400 per month into $1 million over 30 years .
Goldman Sachs believes the technology will add $7 trillion to the global economy in coming decade .
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