Qualcomm's growing edge AI ambitions and bullish analyst outlook could boost semiconductor ETFs as AI investing expands beyond Nvidia and data centers.

Chip stocks lost 12% in two days as profit-taking and mixed signals from Broadcom and SK Hynix rattled the AI trade. Bitcoin fell too.

PSI has outperformed every major semiconductor ETF in 2026. Here's why Nvidia's weighting has created a nearly 40-point performance gap.