Micron Technology’s (MU) stock has been one of the biggest winners in the AI-driven semiconductor rally. Looking ahead, Wall Street is becoming increasingly bullish on the company, with some bull-case scenarios pointing toward a potential $1,000 share price. As investors look for ways to benefit from Micron’s momentum, several ETFs stand out. Using TipRanks’ ETF Comparison tool, we have identified 3 options – iShares Semiconductor ETF (SOXX), Invesco S&P 500 Momentum ETF (SPMO), and VanEck Semiconductor ETF (SMH) – that could offer investors a broader way to ride Micron’s next big rally.
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Let’s look at these ETFs in detail.
iShares Semiconductor ETF (SOXX)
The iShares Semiconductor ETF (SOXX) gives investors exposure to major semiconductor companies benefiting from the fast growth of AI, cloud computing, and data centers. Its largest holding is MU with a 10.1% portfolio weight, followed by Advanced Micro Devices (AMD) at 9.08% and Intel (INTC) at 7.19%. With exposure to several leading chip stocks, SOXX offers a diversified way to benefit from Micron’s AI-driven growth while lowering single-stock risk.
Overall, SOXX has 31 stocks with assets worth $34.17 billion.
On the flip side, with a beta of 1.90, SOXX tends to move more sharply than the broader market — which means it can deliver bigger gains during rallies but also face steeper drops during pullbacks.
Invesco S&P 500 Momentum ETF (SPMO)
The Invesco S&P 500 Momentum ETF (SPMO) tracks high-momentum companies within the S&P 500 (SPX), making it a popular choice for investors looking to ride strong market trends. The ETF includes major technology and AI-related stocks that have shown strong price performance in recent months.
MU holds an 8.82% weight in the ETF, while Nvidia (NVDA) is the largest holding at 9.21%. Overall, the fund owns 101 stocks and manages about $18.54 billion in assets.
With a beta of 1.28, SPMO also tends to move more aggressively than the broader market.
VanEck Semiconductor ETF (SMH)
The VanEck Semiconductor ETF (SMH) tracks the MVIS US Listed Semiconductor 25 Index, giving investors exposure to some of the biggest semiconductor companies in the market. MU makes up 6.62% of the ETF’s total portfolio weight. Other major holdings include NVDA, TSMC (TSM), and INTC. With strong exposure to leading AI and chip companies, SMH could be a solid option for investors looking to benefit from continued growth in the semiconductor sector.
Overall, SMH has 26 stocks with $62.92 billion worth of assets.
Meanwhile, SMH has a beta of 1.87 — making it a relatively risky option for investors, as the fund tends to move more sharply than the broader market.