Veteran Strategist: The AI stocks to buy as semiconductors MAKE HISTORY

Nick Frasse is a product manager at VanEck, where he works on SMH, the largest US-listed semiconductor ETF with over $70 billion in assets. He joins Phil Rosen on Full Signal to discuss the most credible bear case for chips, why AI demand could make semiconductors less cyclical, the bottlenecks slowing the data center buildout, and why software companies with strong moats will likely hold up against AI.This episode is sponsored by Y'all Street Asset Management: https://www.yallstreetetfs.com/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - SMH and semiconductor demand1:16 - Bear case for chips5:27 - Semis collaborate, not compete10:16 - Are semis still cyclical?13:53 - SMHX and fabless chipmakers15:32 - Asset-light vs. asset-heavy16:59 - AI buildout bottlenecks19:49 - Data centers, robotics, and space21:25 - Grid-to-rack supply chain22:51 - Financing the AI buildout24:41 - Is AI killing software?27:44 - Hyperscalers turning asset-heavy29:21 - Robotics30:52 - Follow Nick and VanEck#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed