Is Fidelity Advisor Semiconductors A (FELAX) a Strong Mutual Fund Pick Right Now?

Fidelity Advisor Semiconductors A (FELAX):

• FELAX is a Sector-Tech mutual fund managed by Fidelity with a Zacks Mutual Fund Rank of 2 (Buy).
• The fund has accumulated around $884.83 million in assets and is managed by Adam Benjamin.
• FELAX has delivered strong performance with a 5-year annualized total return of 34.38%.
• It has a higher standard deviation compared to its peers, indicating more volatility.
• Despite being a load fund, FELAX has lower fees than the category average.

Zacks Names #1 Semiconductor Stock:

• Zacks recommends a semiconductor stock that is much smaller than NVIDIA but has significant growth potential.
• The stock is poised to benefit from the increasing demand for Artificial Intelligence, Machine Learning, and Internet of Things.
• Global semiconductor manufacturing is projected to grow from $452 billion in 2021 to $803 billion by 2028.
• Investors can access Zacks Investment Research for more stock recommendations and analysis reports.