A Contrarian Dividend Play On Overdone AI Bubble Fears
The VanEck Semiconductor ETF (SMH) has dropped 11% from its June high, sparking concerns about an AI bubble. The BlackRock Technology and Private Equity Term Trust (BTX), a 6.9% dividend-paying fund, holds AI stocks like NVIDIA (NVDA) and Micron (MU), and private firms like Anthropic. BTX trades at a 9.3% discount to NAV, down from 10.7% a week ago, as AI demand remains strong, with enterprise adoption driving growth.
