iShares Semiconductor ETF Performance Overview
The iShares Semiconductor ETF (NASDAQ: SOXX) surged 40% in 2022, driven by strong performances from top holdings like Nvidia, AMD, and Broadcom. The ETF closed the year with a notable increase, reflecting ongoing demand in the semiconductor sector, particularly in relation to artificial intelligence applications.
For the year, the SOXX has increased by 1,160% overall, with a current year-to-date gain of 11.8% as of January 15, 2023. The ETF’s top three holdings—Micron, Nvidia, and AMD—each constitute over 7% of the fund. Analysts forecast continued growth, citing robust chip demand ahead, particularly for high-bandwidth memory chips used in AI technologies.
