Invesco PHLX Semiconductor ETF

SOXQ

Börsenwert 2,79 Mrd. $

The chips that powered the artificial-intelligence rally are now leading its retreat.

US semiconductor stocks were ​set to lose $2 ‌trillion in market value on ​Thursday in ​the steep selloff since ⁠last week, ​driven by rising ​bets of an interest-rate hike and ​concerns over ​the cost of the ‌AI ⁠buildout.

Reported details about Anthropic's financial progress are adding to concerns about the health of the AI ecosystem.

It's easy to get skittish about the tech sector amid recent talk of slowing AI development and OpenAI scrapping the launch of its latest model due to safety concerns. AI demand has driven much of the sector's growth in recent years, after all.

China's influence on semiconductor demand is fading, as the Xi visit brought no chip news, and chip stocks still rallied on AI spending. Nvidia's outlook assumes no China data center sales, and ASML's China share fell to 14%, yet both still forecast strong growth.

Nvidia and Broadcom remain central to AI chip demand, with robust fundamentals and resilient price action despite baffling market skepticism. Semiconductor valuations have compressed to multi-year lows, even as industry earnings growth estimates are being raised and compute deployment capacity is set to surge from 2027.

BofA expects the global semiconductor market to nearly double by 2030. Here are a few semiconductor ETFs to consider.

Semiconductor ETFs are riding AI-driven demand and rising chip investment, with four funds offering diversified exposure to the industry's next growth phase.

AI infrastructure demand remains exceptionally strong across semiconductors. Even extraordinary results increasingly struggle to exceed already extreme expectations.

Broadcom's AI revenues are surging, but softer guidance has weighed on shares, highlighting ETFs that offer diversified exposure to its growth.