Semiconductor Investing Beyond the AI Boom | Portfolio Manager Insights

Fidelity portfolio manager Aidan Brandt discusses where semiconductor demand may come from beyond AI accelerators. The video covers signs of recovery in industrial and power semiconductors, the continued data center buildout and how reshoring initiatives are creating opportunities across the supply chain. Brandt's argument, as described, is that a broader range of end markets may support a more durable growth story for the industry.

1. AI remains a powerful driver of semiconductor growth, but the opportunity may be expanding beyond AI accelerators.
2. The manager points to signs of recovery in industrial and power semiconductors.
3. The ongoing data center buildout is discussed as a demand driver.
4. Reshoring initiatives are described as creating opportunities across the semiconductor supply chain.