Here's How Nvidia and AMD Could Help This Super Semiconductor ETF Turn $500 Per Month Into $1 Million

Developing artificial intelligence (AI) requires substantial computing power, especially as the latest reasoning models spend an increasing amount of time "thinking" to refine their outputs. In fact, Nvidia (NASDAQ: NVDA) CEO Jensen Huang thinks data center operators will spend $1 trillion per year on infrastructure and chips by 2028 to meet demand from those new-age models. Nvidia is a leading supplier of graphics processing units (GPUs), which are the primary chips used in AI development, so it's perfectly positioned to benefit from any increase in data center spending. But demand for more computing capacity will also be a tailwind for competitors like Advanced Micro Devices (NASDAQ: AMD) and every company that supplies data center networking equipment and other critical hardware.The iShares Semiconductor ETF (NASDAQ: SOXX) is an exchange-traded fund (ETF) that exclusively invests in the suppliers of chips and other computing hardware. Nvidia and AMD are two of the ETF's largest holdings, and their performance has propelled it to market-crushing returns over the last few years. Here's how the fund could turn an investment of $500 per month into $1 million over the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool