Hyperscaler $1.2T AI Capex Bet Could Drive Next Semiconductor ETF Rally - VanEck Semiconductor ETF (NASDA

Wall Street's favorite bet falters as chip stocks whipsaw the market

Chip stocks plummeted into bear market after $1.3 trillion wipeout, with Broadcom's guidance miss triggering doubts over AI capex sustainability. For tech leaders, the reset signals compressed deployment timelines and demand for proof that infrastructure spending actually converts to chip orders.