TopPicks from Mike Philbrick, chief executive officer, ReSolve Asset Management
Mike Philbrick, CEO of ReSolve Asset Management, discusses his top picks: SPDR S&P Semiconductor ETF, Purpose Gold Bullion Fund ETF, and WisdomTree Japan Hedged Equity ETF.It aims to replicate the performance of the S&P Semiconductor Select Industry Index. This index tracks the semiconductors segment of the S&P Total Market Index, which represents the broader U.S. equity market.
Artificial intelligence has had a significant impact on the semiconductor business. As AI becomes more prevalent in various industries, the demand for high-performance processors that can handle complex algorithms and data sets has increased. According to data shared by the World of Statistics, the chatbot ChatGPT reached 100 million users just in two months by way of comparison mobile phones took at least 16 years to reach 100 million users across the globe.
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