Big Three U.S. Tech Giants Boost Performance of Nine Overseas ETFs

Reported 8 months ago

Chen Xinwen/Taipei - On June 20, 2024, at 4:10 pm, Microsoft, Apple, and Nvidia have been competing for the top spot in the U.S. stock market recently, with Nvidia becoming the global market leader for the first time. Nine overseas stock ETFs in Taiwan hold shares of these three giants, with holdings ranging from 14% to 32%. Their performances this year have been strong, with the best-performing ETF showing a return rate of over 36% so far. As the AI wave sweeps the globe, related stock prices have soared, and the market values of Apple, Microsoft, and Nvidia have all surpassed $3 trillion, with a combined market share exceeding 20% in the S&P 500 Index. Those ETFs holding the Big Three's stocks have directly benefited, with several funds exceeding 2% in holdings, and the top performers showing returns over 20%, led by Unified FANG+ with a return rate of 36.19%. Analysts predict a strong upward trend in the performance of companies related to AI, including TSMC, Hon Hai, and MediaTek, as well as the potential for semiconductor supply chains related to AI to perform well in the medium to long term.

Source: YAHOO

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