Here’s How Micron Technology, AMD, and Nvidia Could Help This Magnificent ETF Turn $500 Per Month Into $1 Million

Here’s How Micron Technology, AMD, and Nvidia Could Help This Magnificent ETF Turn $500 Per Month Into $1 Million

https://www.fool.com/investing/2026/02/08/how-micron-amd-nvidia-etf-turn-500-month-1-million/

Publish Date: 2026-02-08 05:52:00

Source Domain: www.fool.com

The semiconductor industry will remain at the center of some of the most valuable technological revolutions.

Without advanced chips, networking equipment, and other hardware, we wouldn’t have computers, smartphones, cloud computing, or artificial intelligence (AI). Plus, emerging innovations like quantum computing, robotics, and self-driving vehicles would remain nothing more than science fiction.

History suggests investing in the semiconductor industry tends to yield significant rewards over the long term. The iShares Semiconductor ETF (SOXX +5.34%) is an exchange-traded fund (ETF) that holds 30 of the world’s most dominant semiconductor stocks, and it has delivered a return of 1,150% over the last decade. That was four times higher than the return in the S&P 500 over the same period.

SOXX data by YCharts.

Micron Technology (MU +3.08%), Advanced Micro Devices (AMD +8.32%), and Nvidia (NVDA +7.87%) are among the largest holdings in the iShares ETF, and they have made significant contributions to its historical returns. Looking ahead, here’s how they can help the fund turn a consistent investment of $500 per month into $1 million over the long run.

Image source: Getty Images.

Nvidia, AMD, and Micron have experienced blistering growth

The iShares Semiconductor ETF invests exclusively in U.S.-listed companies that design, manufacture, and distribute chips and components, with a special focus on those supplying the AI boom. As a result, it doesn’t offer much in the way of diversification, so investors should buy it only as part of a diversified portfolio of other ETFs and individual stocks.

As I touched on earlier, Micron, AMD, and Nvidia are the three largest holdings in the ETF, accounting for 23.6% of the value of its entire portfolio on their own:

Data source: iShares. Portfolio weightings are accurate as of Jan. 30, 2026, and are…

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