Strive US Semiconductor ETF

SHOC

Market cap $210M

If you're interested in broad exposure to the Technology - Semiconductors segment of the equity market, look no further than the Strive U.S. Semiconductor ETF (SHOC), a passively managed exchange traded fund launched on October 6, 2022.

The Strive US Semiconductor ETF offers concentrated exposure to leading US semiconductor stocks, with the top 10 holdings comprising 75% of assets. SHOC has delivered a 203% three-year price return and is rated Buy based on strong industry catalysts and undervaluation. Key drivers include robust hyperscaler capex, rising memory prices, and structural AI tailwinds, though risks from supply chain geopolitics and policy remain.

Strive U.S. Semiconductor ETF earns a buy rating for its concentrated exposure to top-performing U.S. semiconductor companies with accelerating growth. SHOC's portfolio is heavily weighted toward Nvidia and Broadcom, both benefiting from AI and data center tailwinds, but lacks exposure to TSM. Despite a competitive 0.40% expense ratio, SHOC trades at a higher P/E and P/B versus peers due to recent outperformance.

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Strive U.S. Semiconductor ETF matches SOXX's performance, despite lower AUM, higher fees, and less popularity, making it a compelling, but overlooked semiconductor ETF. SHOC's concentrated portfolio, especially its heavy Nvidia weighting, aligns with my bullish view on Nvidia's AI-driven growth, despite some allocation concerns. Performance data shows SHOC consistently outperforms SOXX marginally, justifying a Buy rating, though its success is highly tied to Nvidia's continued dominance.

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