Forget Buying Nvidia. This Overlooked ETF Beat the Nasdaq by Owning the AI Stocks You Can’t - Yahoo Finance

While NVIDIA dominates the narrative around artificial intelligence investment, a lesser-known ETF, the Global X Artificial Intelligence & Technology ETF (AIQ), has outperformed both NVIDIA and the Na... Read original →

AIQ’s outperformance exposes a critical blind spot: the AI revolution hinges not on algorithms but on global semiconductor manufacturing and memory infrastructure. SK Hynix and Samsung’s 2025 surges—211% and 111%—signal HBM memory as the true bottleneck in AI scaling, while TSMC (Taiwan, China), the sole reliable CoWoS advanced packaging supplier, commands a 50% premium reflecting supply-chain security value. U.S.-only ETFs miss this entirely due to regulatory and access barriers. Geopolitical friction is reshaping cost structures: U.S. export controls inadvertently boost pricing power for non-U.S. foundries and memory makers. Over the next 12–24 months, as AI models demand exponentially more bandwidth, HBM and advanced packaging capacity will become scarcer than GPUs themselves—forcing fabless leaders like NVIDIA to cede margin to manufacturing partners. Betting solely on headline stocks ignores the systemic revaluation of the entire AI hardware stack.