The SPDR S&P Semiconductor ETF turned a $10,000 investment into $27,000 amid the AI-driven chip rally.
The SPDR S&P Semiconductor ETF (XSD) closed at $613.05 on May 29, 2026, up 171% from $226.42 a year earlier. A $10,000 investment in May 2025 would now be worth approximately $27,000, driven by broad-based gains across its 44 holdings.
XSD’s equal-weight structure limited exposure to any single stock, yet top holding Marvell Technology (MRVL) surged 223% over the same period. Year-to-date, the fund rose 91%, with a 32% gain in May alone, reflecting accelerating momentum in semiconductor demand.
Despite valuation multiples at 23 times earnings, analysts warn of normalization risks as semiconductor revenue growth stabilizes, shifting the outlook for the sector in the coming year.