This is a strategic move to address the global chip shortage. Whether the move would help $NIO Inc.(NIO)$, will have to wait and see how the development pan out.
Wait and see. Don’t jump in or out until you see how the trend is. And be wary of your emotions. If $Apple(AAPL)$is a long investment in your portfolio, just hold. It is fundamentally strong.
ETFs have a good spread for investment. The keything is who is managing the ETFs. Cathie Wood is just currently doing a good job for $ARK Innovation ETF(ARKK)$
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They will not dip for long as the demand for chips are really high. They are due for more resources. Just that with the current COVID and Delta variant situation, would the situation improve for the production to kick in and deliver. Otherwise, they are reasonably good to buy.
It is just for S&P 500 ETFs, which are good as part of the portfolios. This is clear from the onset of the article. It still boils down to whether it should be part of the personal portfolio.
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