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How Fund Strategy Shapes Semiconductor Gains | Durham News
The semiconductor boom is off the charts this year, with one small fund, PSI, rocketing over 100% while the giant SMH fund only hits 66%—a 37-point gap driven by their investment strategies. PSI’s quantitative model favors momentum, earnings, and value, betting big on growth stocks like Micron and Lam Research, while SMH’s market-cap approach locks in big names that barely move. AI’s expansion is fueling demand across chips, memory, and networking gear, making diversified, momentum-driven funds like PSI a standout. Global chip sales are surging to $1.5 trillion this year, with May’s record…
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