5 Best Technology ETFs To Buy

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1. VanEck Semiconductor ETF (NASDAQ:SMH)

5 Year Performance as of September 12: 181.78%

VanEck Semiconductor ETF (NASDAQ:SMH) was launched in December 2011 to track the performance of the MVIS US Listed Semiconductor 25 Index. The index serves as a reflection on the performance of tech companies engaged in the semiconductor business. As of September 13, the total net assets of the ETF amounted to $9.84 billion, while the fund featured an expense ratio of 0.35%. 

NVIDIA Corporation (NASDAQ:NVDA) is one of the top holdings of VanEck Semiconductor ETF (NASDAQ:SMH). NVIDIA Corporation (NASDAQ:NVDA) is a leading manufacturer of graphic chipsets and software solutions across the globe. According to Insider Monkey’s second quarter database, 175 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), in comparison to the 132 hedge funds from the past quarter. 

Mairs & Power Growth Fund said this about NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2023 investor letter:

“Regarding stock selection in the first half, NVIDIA Corporation (NASDAQ:NVDA) was a massive outperformer, up 189.54%. Amazon and Microsoft were also positive contributors, up 55.19% and 42.66%, respectively. All three stocks benefited from a renewed interest in growth stocks by investors in the first half of the year. Nvidia is the leading provider of processors used for artificial intelligence (AI) computation for both learning and inferencing, and its stock rallied significantly on a massive earnings report in the first quarter as cloud data center companies invested heavily in AI.”

Follow Nvidia Corp (NASDAQ:NVDA)

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