Move over, Magnificent 7. It’s time for the M-A-N-I-A trade, courtesy of the top holdings of the iShares Semiconductor ETF (SOXX).
The top 20 holdings in SOXX by size start with Micron (MU), Advanced Micro Devices (AMD), Intel (INTC), Broadcom (AVGO), and Nvidia (NVDA). They might as well be the new pop stars of the U.S. stock market. You can rearrange that nicely to MU-AMD-NVDA-INTC-AVGO, or “MANIA” for short.