Global X AI Semiconductor & Quantum ETF

CHPX

Market cap $225M

The Mag-7 erased nearly $800 billion in value as AI spending worries resurfaced. Here are the ETF themes that could benefit from the shift.

Global X AI Semiconductor & Quantum ETF earns a 'Buy' rating for its exposure to industry-leading, cost-effective, and rapidly growing AI semiconductor companies. CHPX's top holdings—Micron, TSM, and Nvidia—drive superior profitability, aggressive capacity expansion, and technological leadership, underpinning sustained outperformance. Despite a high 0.50% expense ratio and minimal yield, the fund's YTD return of 82% and robust AI-driven growth prospects justify its premium valuation.

One hundred days into the Iran war, AI, shipping and cannabis ETFs have surged, while crypto, bonds and gold miners lagged.

Quantum ETFs are surging as breakthroughs, funding and AI demand fuel growth, offering diversified exposure to a high-risk, high-reward theme.

Several years ago, semiconductor ETFs were often viewed as a Nvidia (NVDA) story. With Nvidia driving much of the group's growth and performance, some investors questioned the need for broader exposure.

Intel's comeback highlights valuation risks. AI ETFs look pricey -- here are relatively lower P/E options investors can consider now.