Qualcomm's Edge AI Push Could Fuel the Next Leg Higher for Semiconductor ETFs - VanEck Semiconductor ETF

For much of the AI boom, semiconductor ETFs have been driven by a handful of names led by Nvidia Corp (NASDAQ:NVDA).

But Qualcomm's growing role in edge AI is giving ETF investors another avenue to play the artificial intelligence theme as the industry expands beyond data centers.

Why Qualcomm Is Back in Focus The renewed ETF interest comes as Qualcomm emerges as one of the biggest beneficiaries of the shift toward "edge AI," where AI models run directly on smartphones, PCs, vehicles and other connected devices instead of relying solely on cloud infrastructure.

The company recently received a high-profile endorsement from Nvidia CEO Jensen Huang, who praised Qualcomm's leadership in mobile AI and told investors to "buy their stock." Qualcomm has also outlined plans for more than 40 AI-powered device designs while expanding into data-center CPUs through a partnership with Meta Platforms, Inc (NASDAQ:META).

Which ETFs Stand to Benefit?