"The semiconductor sector has become shorthand for the AI boom, and Invesco PHLX Semiconductor ETF ( NASDAQ:SOXQ) sits at the center of that trade. Trading at $64.24 per share as of February 9, 2026, the fund has surged 64% over the past year as investors bet on AI infrastructure spending. That momentum carried into 2026 with a 15% year-to-date gain, though it also exposes holders to cyclical chip demand swings."
"The macro factor that matters most for SOXQ is the pace of AI infrastructure spending by hyperscalers like Microsoft, Amazon, and Google. These companies are collectively spending hundreds of billions on data centers, and semiconductors are the core input. When capex budgets expand, demand for GPUs, high bandwidth memory, and advanced packaging surges. When budgets tighten or utilization disappoints, chip orders flatten quickly."
"SOXQ concentrates heavily in AI accelerator leaders. NVIDIA ( NASDAQ:NVDA | NVDA Price Prediction) alone represents 10.75% of the portfolio, while Advanced Micro Devices ( NASDAQ:AMD) and Broadcom ( NASDAQ:AVGO) add another 14.82% combined. This trio serves as a direct proxy for hyperscaler AI spending, meaning the fund's performance rises and falls with data center capex cycles."
SOXQ traded at $64.24 per share on February 9, 2026 and rose 64% over the prior year with a 15% year-to-date gain. The fund reached $1 billion in assets since its 2021 launch by offering concentrated semiconductor exposure across the full chip value chain from design to manufacturing equipment at a competitive fee. Portfolio concentration is high: NVIDIA comprises 10.75%, with AMD and Broadcom adding 14.82% combined. Fund performance is driven primarily by hyperscaler capex for AI infrastructure; equipment and memory suppliers are first affected when spending moderates.
Read at 24/7 Wall St.
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