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AI Uncertainty Is Rising, But These 3 Chip ETFs Still Have MomentumMarketBeat · Sep 30, 2026 The Invesco PHLX Semiconductor ETF endeavors to replicate the performance of the PHLX Semiconductor Sector Index. This Fund typically allocates at least 90% of its total capital to the equities that constitute this underlying benchmark. The Index itself is designed to gauge the performance of the thirty largest U.S.-listed enterprises operating in the semiconductor sector.