Bank of America Spots a Major Semiconductor. Micron and AMD Are
Bank of America reports that institutional fund managers have increased their exposure to semiconductor stocks, particularly in memory and equipment sectors. Nvidia remains the most widely held stock, while Micron and AMD have seen significant ownership gains.
Why it matters
Increased institutional investment in semiconductor stocks reflects ongoing market confidence in the AI and computing hardware supply chain.
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.
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