5 Best NASDAQ ETFs

4. iShares Semiconductor ETF (NASDAQ:SOXX)

5-Year Performance as of August 18: 155.95%

iShares Semiconductor ETF (NASDAQ:SOXX)’s main goal is to replicate the performance of the ICE Semiconductor Index, which consists of semiconductor stocks listed on the US exchanges. The ETF was created on July 10, 2001. As of August 16, 2023, iShares Semiconductor ETF (NASDAQ:SOXX) held net assets worth $8.5 billion and a portfolio containing 30 stocks. It comes with an expense ratio of 0.35%. iShares Semiconductor ETF (NASDAQ:SOXX) is one of the best NASDAQ ETFs to watch. 

Broadcom Inc. (NASDAQ:AVGO), an American semiconductor corporation, is one of the top holdings of the iShares Semiconductor ETF (NASDAQ:SOXX). On June 1, Broadcom Inc. (NASDAQ:AVGO) reported a Q2 non-GAAP EPS of $10.32 and a revenue of $8.73 billion, outperforming Wall Street estimates by $0.18 and $20 million, respectively. 

According to Insider Monkey’s second quarter database, 72 hedge funds were long Broadcom Inc. (NASDAQ:AVGO), same as the prior quarter. Rajiv Jain’s GQG Partners is a significant position holder in the company, with 1.10 million shares worth $955.7 million. 

Here is what Aristotle Atlantic Partners has to say about Broadcom Inc. (NASDAQ:AVGO) in its Q2 2023 investor letter:

“Broadcom contributed to outperformance, as the company is seen as a key beneficiary of the investment in generative Artificial Intelligence (AI) and Large Language Models (LLM). The company’s Application-Specific Integrated Circuit (ASIC) chips are being custom-built for customers to use in their data centers for accelerated computing. Broadcom’s networking chipsets are also expected to see increased levels of demand, as customers increase investments to enable the high-speed data transfer required by advanced AI training and inference. The company also announced a new multi-year supplier relationship with Apple, the company’s largest customer.”