Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Overall, the index has plunged 26% since mid-August, including Friday's declines. Before that, the index was going through wild swings, first diving in July before recovering in early August, then tumbling again. The ETF is still up about 27% year-to-date, however.
Top stock picks Its top picks include Taiwanese firms TSMC and GlobalWafers. It describes the former as a "primary" AI beneficiary, being "immune" to shifts between cloud AI and edge AI as both depend on TSMC. Edge AI involves running AI algorithms directly on a user's device, be it a smartphone, laptop or wearable, among other things.
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