Why This Semiconductor ETF Might Be the Most Underrated AI Play Right Now

The First Trust Nasdaq Semiconductor ETF (FTXL) is highlighted as an underrated semiconductor investment that uses quality screens and cash flow weighting rather than market cap weighting. This approach filters out high-flying AI stocks with minimal cash flow while favoring established chipmakers with strong fundamentals. The ETF has returned 98% year-to-date and 161% over the past 12 months, outperforming major competitors.