<p><strong>iShares 半导体 ETF</strong>（SOXX +1.44%）是一只专注于投资美国设计和制造芯片及组件的公司，但特别关注那些参与人工智能（AI）市场的公司。</p>
<p>因此，该基金在 <strong>美光科技</strong>、<strong>超威半导体</strong> 和 <strong>英伟达</strong> 等股票上持有大量头寸，这些股票为其在 2026 年迄今为止惊人的 108% 回报做出了贡献。它的表现远超 <strong>标普 500</strong>（^GSPC 1.21%）指数，该指数今年仅上涨了 10%。</p>
<p>投资者还有时间购买 iShares ETF 吗，还是已经错过了机会？答案并不像你想的那么简单。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NDgxNS9hLWRpZ2l0YWwtcmVuZGVyaW5nLW9mLWNvbXB1dGVyLWNoaXBzLXdpdGgtb25lLWxhYmVsbGVkLWFpLmpwZxZ3PTM4NDAWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NDgxNS9hLWRpZ2l0YWwtcmVuZGVyaW5nLW9mLWNvbXB1dGVyLWNoaXBzLXdpdGgtb25lLWxhYmVsbGVkLWFpLmpwZxZ3PTM4NDAWb3A9cmVzaXpl"/></p>
<p>图片来源：Getty Images。</p>
<h2>集中投资于美国最佳芯片股票的组合</h2>
<p>iShares 半导体 ETF 仅持有 30 只股票，因此高度集中。它的前十大持股占其投资组合价值的 62.2%，而且非常偏重于这些股票。然而，这个名单几乎包括了行业内每一个领先的 AI 芯片和组件供应商：</p>
<table>
<thead>
<tr>
<th>股票</th>
<th>iShares ETF 投资组合权重</th>
</tr>
</thead>
<tbody>
<tr>
<td>1. 美光科技</td>
<td>11.21%</td>
</tr>
<tr>
<td>2. 超威半导体</td>
<td>8.98%</td>
</tr>
<tr>
<td>3. <strong>Marvell Technology</strong></td>
<td>8.06%</td>
</tr>
<tr>
<td>4. <strong>英特尔</strong></td>
<td>6.43%</td>
</tr>
<tr>
<td>5. <strong>博通</strong></td>
<td>5.63%</td>
</tr>
<tr>
<td>6. 英伟达</td>
<td>5.46%</td>
</tr>
<tr>
<td>7. <strong>应用材料</strong></td>
<td>5.35%</td>
</tr>
<tr>
<td>8. <strong>KLA Corp</strong></td>
<td>3.93%</td>
</tr>
<tr>
<td>9. <strong>Lam Research</strong></td>
<td>3.69%</td>
</tr>
<tr>
<td>10. <strong>高通</strong></td>
<td>3.50%</td>
</tr>
</tbody>
</table>
<p>数据来源：iShares。投资组合权重截至 2026 年 6 月 12 日，可能会有所变动。</p>
<p>考虑到这 10 只股票今年的平均回报率为 136%，iShares 半导体 ETF 以 10 倍的优势超越标普 500 并不令人意外。</p>
<p></p>
<p>MU 数据由 YCharts 提供</p>
<p>美光科技的股票表现突出，得益于公司对数据中心高带宽内存（HBM）的爆炸性需求，这在 AI 硬件堆栈中是一个关键组成部分。美光预计将在 6 月 24 日公布其 2026 财年第三季度（截至 5 月 31 日）运营结果，管理层的指引表明收入增长超过三倍，而盈利则飙升了十倍。</p>
<p>英特尔是另一个表现突出的公司，得益于公司数据中心中央处理器（CPU）的显著需求，这些处理器比图形处理器（GPU 更适合某些 AI 工作负载。例如，英特尔的 CPU 为 AI 代理提供了所需的计算能力，使其能够自主规划工作流程并反复访问外部软件工具。AI 也在复兴英特尔的代工业务，因为客户在全球半导体短缺的情况下争相锁定生产能力。</p>
<p>英伟达的股票今年的回报相对平淡，因为它在 2023 年初以来的涨幅超过 12 倍。对公司 GPU 的需求仍然超过供应，这些 GPU 仍然是大多数 AI 训练和推理工作负载中使用的主要数据中心芯片。因此，其股票可能还有上涨空间。</p>
<h2>iShares 半导体 ETF 仍然值得购买吗？</h2>
<p>iShares 半导体 ETF 自 2001 年成立以来，年复合回报率为 14.9%，超过了 标普 500，后者在同一时期的年均回报率为 8.5%。因此，它在 2026 年的市场超越表现并非偶然。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvU09YWC5wbmcWdz0xMjgWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="iShares Trust - iShares Semiconductor ETF 股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvU09YWC5wbmcWdz0xMjgWb3A9cmVzaXpl"/></p>
<h2>NASDAQ: SOXX</h2>
<p>iShares Trust - iShares 半导体 ETF</p>
<p>今日变动</p>
<p>(1.44%) $8.49</p>
<p>当前价格</p>
<p>$599.73</p>
<h3>关键数据点</h3>
<p>日内区间</p>
<p>$598.95 - $621.99</p>
<p>52 周区间</p>
<p>$221.86 - $629.72</p>
<p>成交量</p>
<p>66.6K</p>
<p>从这个角度来看，iShares ETF 看起来是任何多元化投资组合的绝佳补充。但考虑到其一些最大持股的惊人涨幅，目前确实需要谨慎。例如，美光正在受益于历史上最大的内存芯片供需失衡之一，这使得公司能够主导价格。因此，其利润率高得惊人。</p>
<p>但这种情况不太可能持续，因为整个行业正在努力增加生产能力，当供应最终赶上需求时，像美光这样的公司将难以从这些高水平中实现盈利增长。</p>
<p>谈到需求，可能会出现一些裂痕。<strong>Alphabet</strong> 首席执行官 Sundar Pichai 最近表示，他收到了来自多个客户关于 AI 成本上升的投诉。与此同时，<strong>Uber Technologies</strong> 的首席运营官公开表示，越来越难以证明其公司的 AI 支出。如果这种情绪蔓延，可能会导致整体芯片需求下降。</p>
<p>总之，考虑到 iShares 半导体 ETF 的强劲表现，今天购买它并不一定是个坏主意，但保持五年或更长的长期投资视角变得比以往任何时候都更为重要，因为波动风险显然似乎在上升。</p>

美光科技

标普 500 指数

英伟达

<p>iShares 半导体 ETF (SOXX) 在 2026 年飙升了 108%，显著超过标普 500 指数的 10% 增长，这主要得益于以美光、AMD 和英伟达为主的人工智能相关持股。尽管其长期业绩表现强劲，但由于潜在的供需失衡和客户对人工智能成本的担忧，投资者应保持谨慎。建议投资者保持五年的投资视野，以应对日益增加的波动风险</p>

<p>The <strong>iShares Semiconductor ETF</strong>( SOXX +1.44%) is an exchange-traded fund (ETF) that exclusively invests in American companies that design and manufacture chips and components, but it's particularly focused on those involved in the artificial intelligence (AI) segment of the market.</p>
<div class="lb-trans"><p><strong>iShares 半导体 ETF</strong>（SOXX +1.44%）是一只专注于投资美国设计和制造芯片及组件的公司，但特别关注那些参与人工智能（AI）市场的公司。</p>
</div><p>As a result, the fund has large positions in stocks like <strong>Micron Technology</strong>, <strong>Advanced Micro Devices</strong>, and <strong>Nvidia</strong>, which have contributed to its staggering 108% return in 2026 so far. It's <em>crushing</em> the <strong>S&amp;P 500</strong>( ^GSPC 1.21%) index, which has climbed by just 10% this year.</p>
<div class="lb-trans"><p>因此，该基金在 <strong>美光科技</strong>、<strong>超威半导体</strong> 和 <strong>英伟达</strong> 等股票上持有大量头寸，这些股票为其在 2026 年迄今为止惊人的 108% 回报做出了贡献。它的表现远超 <strong>标普 500</strong>（^GSPC 1.21%）指数，该指数今年仅上涨了 10%。</p>
</div><p>Is there still time for investors to buy the iShares ETF, or have they missed the boat? The answer isn't as clear-cut as you might think.</p>
<div class="lb-trans"><p>投资者还有时间购买 iShares ETF 吗，还是已经错过了机会？答案并不像你想的那么简单。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzQ4MTUvYS1kaWdpdGFsLXJlbmRlcmluZy1vZi1jb21wdXRlci1jaGlwcy13aXRoLW9uZS1sYWJlbGxlZC1haS5qcGcmdz0zODQw" alt="A digital rendering of computer chips, with one labelled AI." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F874815%2Fa-digital-rendering-of-computer-chips-with-one-labelled-ai.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>A concentrated portfolio of America's best chip stocks</h2>
<div class="lb-trans"><h2>集中投资于美国最佳芯片股票的组合</h2>
</div><p>The iShares Semiconductor ETF holds just 30 stocks, so it's highly concentrated. It's also very top-heavy, because its 10 largest holdings represent 62.2% of the value of its portfolio. However, that list includes just about every leading supplier of AI chips and components in the industry:</p>
<div class="lb-trans"><p>iShares 半导体 ETF 仅持有 30 只股票，因此高度集中。它的前十大持股占其投资组合价值的 62.2%，而且非常偏重于这些股票。然而，这个名单几乎包括了行业内每一个领先的 AI 芯片和组件供应商：</p>
</div><table>
<thead>
<tr>
<th>Stock</th>
<th>iShares ETF Portfolio Weighting</th>
</tr>
</thead>
<tbody>
<tr>
<td>1. Micron Technology</td>
<td>11.21%</td>
</tr>
<tr>
<td>2. Advanced Micro Devices</td>
<td>8.98%</td>
</tr>
<tr>
<td>3. <strong>Marvell Technology</strong></td>
<td>8.06%</td>
</tr>
<tr>
<td>4. <strong>Intel</strong></td>
<td>6.43%</td>
</tr>
<tr>
<td>5. <strong>Broadcom</strong></td>
<td>5.63%</td>
</tr>
<tr>
<td>6. Nvidia</td>
<td>5.46%</td>
</tr>
<tr>
<td>7. <strong>Applied Material</strong></td>
<td>5.35%</td>
</tr>
<tr>
<td>8. <strong>KLA Corp</strong></td>
<td>3.93%</td>
</tr>
<tr>
<td>9. <strong>Lam Research</strong></td>
<td>3.69%</td>
</tr>
<tr>
<td>10. <strong>Qualcomm</strong></td>
<td>3.50%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>股票</th>
<th>iShares ETF 投资组合权重</th>
</tr>
</thead>
<tbody>
<tr>
<td>1. 美光科技</td>
<td>11.21%</td>
</tr>
<tr>
<td>2. 超威半导体</td>
<td>8.98%</td>
</tr>
<tr>
<td>3. <strong>Marvell Technology</strong></td>
<td>8.06%</td>
</tr>
<tr>
<td>4. <strong>英特尔</strong></td>
<td>6.43%</td>
</tr>
<tr>
<td>5. <strong>博通</strong></td>
<td>5.63%</td>
</tr>
<tr>
<td>6. 英伟达</td>
<td>5.46%</td>
</tr>
<tr>
<td>7. <strong>应用材料</strong></td>
<td>5.35%</td>
</tr>
<tr>
<td>8. <strong>KLA Corp</strong></td>
<td>3.93%</td>
</tr>
<tr>
<td>9. <strong>Lam Research</strong></td>
<td>3.69%</td>
</tr>
<tr>
<td>10. <strong>高通</strong></td>
<td>3.50%</td>
</tr>
</tbody>
</table>
</div><p>Data source: iShares. Portfolio weightings are accurate as of June 12, 2026, and are subject to change.</p>
<div class="lb-trans"><p>数据来源：iShares。投资组合权重截至 2026 年 6 月 12 日，可能会有所变动。</p>
</div><p>Considering those 10 stocks have produced an average return of 136% this year, it's no surprise the iShares Semiconductor ETF is beating the S&amp;P 500 by a factor of 10.</p>
<div class="lb-trans"><p>考虑到这 10 只股票今年的平均回报率为 136%，iShares 半导体 ETF 以 10 倍的优势超越标普 500 并不令人意外。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>MU data by YCharts</p>
<div class="lb-trans"><p>MU 数据由 YCharts 提供</p>
</div><p>Micron Technology stock is leading the way, thanks to explosive demand for the company's high-bandwidth memory (HBM) for data centers, which is a critical piece of the AI hardware stack. Micron is scheduled to report its operating results for its fiscal 2026 third quarter (which ended on May 31) on June 24, and management's guidance suggests revenue more than tripled, while earnings soared <em>tenfold</em>.</p>
<div class="lb-trans"><p>美光科技的股票表现突出，得益于公司对数据中心高带宽内存（HBM）的爆炸性需求，这在 AI 硬件堆栈中是一个关键组成部分。美光预计将在 6 月 24 日公布其 2026 财年第三季度（截至 5 月 31 日）运营结果，管理层的指引表明收入增长超过三倍，而盈利则飙升了十倍。</p>
</div><p>Intel is another top performer, thanks to significant demand for the company's data center central processing units (CPUs), which are better suited to some AI workloads than graphics processing units ( GPUs). For example, Intel's CPUs give AI agents the computing power they need to autonomously plan workflows and repeatedly access external software tools. AI is also reviving Intel's foundry business, as customers race to lock in manufacturing capacity amid the global semiconductor shortage.</p>
<div class="lb-trans"><p>英特尔是另一个表现突出的公司，得益于公司数据中心中央处理器（CPU）的显著需求，这些处理器比图形处理器（GPU 更适合某些 AI 工作负载。例如，英特尔的 CPU 为 AI 代理提供了所需的计算能力，使其能够自主规划工作流程并反复访问外部软件工具。AI 也在复兴英特尔的代工业务，因为客户在全球半导体短缺的情况下争相锁定生产能力。</p>
</div><p>Nvidia stock has produced a muted return this year, as it consolidates a gain of more than 12-fold since the start of 2023. Demand continues to exceed supply for the company's GPUs, which are still the primary data center chips used in most AI training and inference workloads. As a result, its stock likely has more room for upside.</p>
<div class="lb-trans"><p>英伟达的股票今年的回报相对平淡，因为它在 2023 年初以来的涨幅超过 12 倍。对公司 GPU 的需求仍然超过供应，这些 GPU 仍然是大多数 AI 训练和推理工作负载中使用的主要数据中心芯片。因此，其股票可能还有上涨空间。</p>
</div><h2>Is the iShares Semiconductor ETF still a buy?</h2>
<div class="lb-trans"><h2>iShares 半导体 ETF 仍然值得购买吗？</h2>
</div><p>The iShares Semiconductor ETF has delivered a compound annual return of 14.9% since it was established in 2001, outpacing the S&amp;P 500, which returned an average of 8.5% per year over the same period. Therefore, its market-beating performance in 2026 isn't a once-off.</p>
<div class="lb-trans"><p>iShares 半导体 ETF 自 2001 年成立以来，年复合回报率为 14.9%，超过了 标普 500，后者在同一时期的年均回报率为 8.5%。因此，它在 2026 年的市场超越表现并非偶然。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1NPWFgucG5nJnc9MTI4" alt="iShares Trust - iShares Semiconductor ETF Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FSOXX.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: SOXX</h2>
<div class="lb-trans"><h2>NASDAQ: SOXX</h2>
</div><p>iShares Trust - iShares Semiconductor ETF</p>
<div class="lb-trans"><p>iShares Trust - iShares 半导体 ETF</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(1.44%) $8.49</p>
<div class="lb-trans"><p>(1.44%) $8.49</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$599.73</p>
<div class="lb-trans"><p>$599.73</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$598.95 - $621.99</p>
<div class="lb-trans"><p>$598.95 - $621.99</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$221.86 - $629.72</p>
<div class="lb-trans"><p>$221.86 - $629.72</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>66.6K</p>
<div class="lb-trans"><p>66.6K</p>
</div><p>From that perspective, the iShares ETF looks like a great addition to any diversified portfolio. But there is certainly room for caution right now, given the blistering gains in some of its largest holdings. Micron, for example, is benefiting from one of the biggest supply-demand imbalances for memory chips in history, which is allowing the company to dictate prices. As a result, its profit margins are through the roof.</p>
<div class="lb-trans"><p>从这个角度来看，iShares ETF 看起来是任何多元化投资组合的绝佳补充。但考虑到其一些最大持股的惊人涨幅，目前确实需要谨慎。例如，美光正在受益于历史上最大的内存芯片供需失衡之一，这使得公司能够主导价格。因此，其利润率高得惊人。</p>
</div><p>But this is unlikely to last because the entire industry is working hard to build more manufacturing capacity, and when supply eventually catches up to demand, companies like Micron will struggle to grow their earnings from these elevated levels.</p>
<div class="lb-trans"><p>但这种情况不太可能持续，因为整个行业正在努力增加生产能力，当供应最终赶上需求时，像美光这样的公司将难以从这些高水平中实现盈利增长。</p>
</div><p>Speaking of demand, there might be some cracks forming. <strong>Alphabet</strong> CEO Sundar Pichai recently said he's fielding complaints about rising AI costs from several customers. Around the same time, the chief operating officer of <strong>Uber Technologies</strong> publicly said it's getting harder to justify his company's AI spending. If this sentiment spreads, it could result in lower demand for chips across the board.</p>
<div class="lb-trans"><p>谈到需求，可能会出现一些裂痕。<strong>Alphabet</strong> 首席执行官 Sundar Pichai 最近表示，他收到了来自多个客户关于 AI 成本上升的投诉。与此同时，<strong>Uber Technologies</strong> 的首席运营官公开表示，越来越难以证明其公司的 AI 支出。如果这种情绪蔓延，可能会导致整体芯片需求下降。</p>
</div><p>In summary, it isn't necessarily a bad idea to buy the iShares Semiconductor ETF today given its strong track record, but it has never been more important to maintain a long-term investment horizon of five years or more, because the risk of volatility certainly seems to be rising.</p>
<div class="lb-trans"><p>总之，考虑到 iShares 半导体 ETF 的强劲表现，今天购买它并不一定是个坏主意，但保持五年或更长的长期投资视角变得比以往任何时候都更为重要，因为波动风险显然似乎在上升。</p>
</div>

The iShares Semiconductor ETF Is Obliterating the S&P 500 in 2026, but Is It Still a Buy? The Answer Might Surprise You.

- iShares 半导体 ETF 专注于 AI 相关公司，2026 年回报达 108%。
- 该 ETF 持有 30 只股票，前十名占 62.2% 价值，Micron 和 Intel 表现突出。
- 尽管表现强劲，未来仍需谨慎，行业供需可能影响盈利增长。

Motley Fool

1.5 倍做空英伟达 ETF - Tradr

2 倍做多美光科技 ETF - Direxion

2 倍做多英伟达 ETF - Direxion

费城交易所 半导体 ETF - iShares

2 倍做多 NVDA ETF - T-Rex

GraniteShares 2x Long AMD Daily ETF

2 倍做多 MU ETF - GraniteShares

1 倍做空 MU ETF - Direxion

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标普 500 ETF - SPDR

标普 500 ETF - iShares

标普 500 ETF - Vanguard

组合标普 500 ETF - SPDR

3 倍做多标普 500 ETF - Direxion

3 倍做多标普 500 ETF - ProShares

2 倍做多标普 500 ETF - ProShares

做空标普 500 ETF - ProShares

3 倍做空标普 500 ETF - Direxion

3 倍做空标普 500 ETF - ProShares

2 倍做空标普 500 ETF - ProShares

Neos S&P 500 High Income ETF

股票溢价收益 ETF - JPMorgan Chase

标普 500 买入指数 ETF

1 倍做空 AMD ETF - Direxion

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Roundhill AMD WeeklyPay ETF

2 倍做多半导体 ETF - ProShares

半导体 3 倍做多 - Direxion

2 倍做空半导体 ETF - ProShares

半导体 3 倍做空 - Direxion

2 倍做空 NVDA ETF - GraniteShares

ProShares Ultra NVDA

1 倍做空英伟达 ETF - Direxion

2 倍做多英伟达 ETF - Leverage Shares

2 倍做多英伟达 ETF - GraniteShares

Leverage Shares 2x Cpd Acclrtd NVDAMnETF

NVDA 周配息 ETF - Roundhill

英伟达期权收益策略 ETF - YieldMax

GraniteShares YieldBOOST NVDA ETF

xETFs NVDA Daily Income ETF

南方两倍做空英伟达

南方两倍做多英伟达

2 倍做空 NVDA ETF - T-Rex

NVDA 期权收益策略 ETF - YieldMax

XI二南英伟-U

2 倍做多 MAG7 指数 ETF - Roundhill

半导体 ETF - VanEck Vectors

Invesco PHLX Semiconductor ETF

标普半导体 ETF - SPDR

动态半导体 ETF - Invesco

纳斯达克半导体 ETF - First Trust

iShares 半导体 ETF 在 2026 年大幅超越标普 500 指数，但它是否仍然值得购买？答案可能会让你感到意外