Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck's CEO.
"Semiconductors have become the heart of the AI trade," Jan van Eck told CNBC's "ETF Edge" this week.
His firm's VanEck Semiconductor ETF (SMH) , which tracks 25 of the biggest chipmakers in the country, is up 21% this year as of Wednesday's close.
However, SMH has fallen nearly 6% this month, led to the downside by Intel , AMD and On Semiconductor .
Still, Akins advises investors to pay attention to semiconductor fund flows as a barometer for future performance.
Persons:
Jan van Eck, CNBC's, SMH, it's, Van Eck, van Eck, Mike Akins, Akins, pare
Organizations:
Semiconductors, Semiconductor, Intel, AMD, Nvidia