Mike Philbrick SPDR Semiconductor E.T.F. XSD-N TOP PICK Apr 03, 2023

You don't need to own every industry, you want to own those that are going through some sort of structural change for the better. Semis are the building blocks of today's economy. Secular tailwind. Tech will continue to perform well, but you want to own things more tied to the business cycle. Semis have had a giant move. You can get sharp pullbacks. His favourite place to be in technology. He also owns XSD, more equally weighted. For example, Intel is challenged, but it forms a big piece of SOXX. For that reason, XSD is more attractive.

(A Top Pick Apr 03/23, Down 2%)

Highly diversified among semis, which has seen a wild ride in recent years. Even Buffett sold his position in Taiwan Semis. Are many geopolitical uncertainties. XSD is fine; it's not overexposed to darlings like Nvidia and reduces risk. It remains a hold, but there are other ways to play AI. Feels a little disappointed by this.

Expected larger gains from this ETF (doesn't have Nvidia). Re-shoring of US production of chips presents opportunity. Better names to own in this space (including NVIDIA).