Bank of America Spots a Major Semiconductor. Micron and AMD Are

Fund exposure to semiconductor stocks has broadened in recent months, with Nvidia and Broadcom remaining among the most widely held names while ownership of memory and other chip groups increased, Bank of America said in its August Equity Strategy data.

Semiconductor stocks carried a relative weighting of 1.15 times among active U.S. fund managers, up from 1.08 times in May and close to the post-ChatGPT peak of 1.18 times reached in April 2023.