BlackRock manages $10 trillion worth of assets on behalf of its clients, making it the largest company of its kind in the world. It invests in everything from residential and commercial real estate to America’s largest technology companies in order to help its clients meet their financial goals.
BlackRock is also the parent company of iShares, which manages more than 1,400 exchange-traded funds (ETFs) designed to place a variety of asset classes at the fingertips of investors of all skill levels.
The iShares Semiconductor ETF (NASDAQ: SOXX) invests in most of the world’s top chip companies, which are at the forefront of the artificial intelligence (AI) revolution.
Image source: Getty Images.
The iShares Semiconductor ETF just completed a stock split
The iShares Semiconductor ETF delivered a compound annual return of 30% over the last five years, soaring to $680 per share, which made it somewhat inaccessible to smaller investors. As a result, iShares executed a 3-for-1 stock split, which increased the number of shares in circulation threefold, while reducing its stock price by two-thirds.
It had no impact on the value of the ETF, but investors can now buy in for as little as $237 (as of this writing), making it accessible to a wider audience.
The momentum in the iShares Semiconductor ETF will likely continue given the sheer size of the AI opportunity. Here’s how it could turn a $200,000 investment into more than $1 million over the next 10 years — but don’t worry, investors with any amount of starting capital can benefit from a fivefold return if this scenario plays out.
The iShares Semiconductor ETF invests in the world’s top chip stocks, including Nvidia
AI wouldn’t exist without the powerful data center chips designed to help developers build, train, and deploy their models. Nvidia (NASDAQ: NVDA) is the leader in that segment by a mile, and it’s reaping substantial results from the success of its industry-leading H100 graphics processing unit (GPU).
Story continues
Nvidia has a market cap of $2.3 trillion as of this writing (only Apple and Microsoft are worth more)…
..