A Tale Of Converging Performance In The Long Run

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

Viewed over their entire common lifespan, the QQQ (NASDAQ 100) and SMH (semiconductor index) funds have, in the end, performed almost identically. You can see how badly semis lagged for a huge chunk of this chart (black lower than blue) but they have “caught up” admirably thanks to the likes of NVDA and AMD.

More recently, semiconductors have absolutely led the way. When – – not if, but when – – people realize NVDA isn’t the second coming of The Christ, then you’re going to see some serious fireworks.