Meet the Super Semiconductor ETF Obliterating the S&P 500 and the Nasdaq-100 in 2026

The iShares Semiconductor ETF (SOXX) has surged 70% in 2026, significantly outperforming the S&P 500 (12.1%) and Nasdaq-100 (15.6%), driven by strong performance in its top holdings Nvidia, Micron Technology, and AMD. While the ETF has historically beaten the market since 2001, the article cautions that current gains are fueled by supply shortages and warns of potential headwinds including data center construction bans, rising AI deployment costs, and a shift toward cheaper AI models that require less computing power.