Launched on June 23, 2005, the Invesco Semiconductors ETF (PSI) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Semiconductors segment of the equity market.
Democratic Senator Elizabeth Warren is calling on the Trump administration to close a "loophole" that has potentially allowed advanced American AI chips to be sent to overseas units of Chinese firms, according to a statement seen by Reuters. Warren, who serves as ranking member on the Senate Banking Committee, also urged Commerce Secretary Howard Lutnick to testify on the issue.
A $10,000 position in Invesco Semiconductors ETF (NASDAQ:PSI) on the last trading day of 2025 was worth ~$20,496 by the close on May 26, 2026, and that is the kind of arithmetic that ruins dinner parties.
Shares of chipmakers are rallying this year While the AI spending boom is fueling big gains for lots of tech companies, it's the semiconductor makers that are truly in the chips these days.
Surging demand for chip makers has lifted major indexes from their wartime malaise.
The index remains in a broader uptrend, but near-term upside looks limited as it approaches a 5th-wave peak, with a likely deeper retracement ahead before resuming higher over the long term.
Invesco Semiconductors ETF has surged on AI-driven chip demand but now appears overbought and potentially overvalued. PSI's top holding, MaxLinear, has soared 224.69% in one month, raising concerns about unsustainable momentum and inflated expectations. Current overbought/oversold indicators signal PSI is at historically overbought levels, suggesting a correction may be imminent.
Chip export controls were not discussed during Trump-Xi talks, U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV on Friday. Critical minerals and market access for U.S. tech companies were expected to be key points of discussion at the Trump-Xi summit.
CME Group and Silicon Data are launching a futures exchange for computing capacity. Contracts will be based on daily GPU benchmarks for on-demand rental rates.
Soaring profits have investors pouring into shares of CPU, GPU and memory-chip companies.
Semiconductor stocks have been surging this spring, as the AI boom stays strong in the face of geopolitical pressures.
The chip cycle that investors have grown accustomed to (boom, glut, correction, repeat) may be giving way to something different.