Why the iShares Semiconductor ETF Gained 11% in September
Chip stocks jumped on the Muse rollout.
Overview
Shares of the iShares Semiconductor ETF (NASDAQ:SOXX) were moving higher last month, continuing a long winning streak for semiconductor stocks.
The sector bounced higher in the middle of the month as investors responded to the positive reviews of Meta Platforms' new Muse AI personal agent, which could herald a new era for AI as personal agents gain adoption.
Details
If Muse and peers like Instinct are the next chatbots, then it will drive another wave of demand for CPU, memory, and other semiconductor components.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.