Here's Why This Unstoppable Vanguard ETF Could Be a Great Buy With AI Stocks Pulling Back
Many high-flying artificial intelligence stocks have officially plunged into correction territory.
Overview
The semiconductor industry is the beating heart of the artificial intelligence (AI) boom. Developing this revolutionary technology wouldn't be possible without advanced data center chips and components from suppliers like Nvidia, which have experienced a meteoric rise in value over the last few years.
However, concerns about the sustainability of the AI infrastructure spending boom are mounting, so the PHLX Semiconductor Sector Index has tumbled by almost 20% from its recent all-time high. Therefore, investors with significant exposure to this area of the stock market might want to consider diversifying.
Details
The Vanguard Value ETF (NYSEMKT: VTV) is an exchange-traded fund (ETF) that exclusively invests in America's largest value stocks, and since just 13% of its portfolio is parked in the technology sector, it could be the ultimate buy as the high-flying AI trade stumbles.
Source
Originally published at www.fool.com.