SMH Is A Concentrated Play That Works

Core Viewpoint - The VanEck Semiconductor ETF (NASDAQ: SMH) is recommended as a Buy due to strong momentum and the potential benefits from AI tailwinds and overall semiconductor supply chain growth [1] Group 1: Investment Thesis - The ETF is considered essential for a core portfolio, capitalizing on the growth in the semiconductor industry driven by advancements in AI [1] Group 2: Analyst Background - The analysis is conducted by a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management, emphasizing equity valuation and market trends [1] - The analyst has a background as a former Vice President at Barclays, with expertise in model validation, stress testing, and regulatory finance [1] - The research is co-authored with a partner, combining strengths to provide high-quality, data-driven insights focused on macroeconomic trends and corporate earnings [1]