The tech rally is still rotating under the surface — and cybersecurity just grabbed the ball.
The First Trust Nasdaq Cybersecurity ETF (CIBR) is pushing toward its first record close in over a month Monday — with CrowdStrike (CRWD), JFrog (FROG), Palo Alto Networks (PANW), and Fortinet (FTNT) all notching intraday record highs
Chip stocks have dominated the tape in 2026, but cybersecurity stocks have outpaced semiconductors periodically — signaling a healthy rotation within the tech trade. The move stands out because chip stocks are still repairing an ugly start to July. The iShares Semiconductor ETF (SOXX) is having its best day in more than two weeks, but it remains down 8% this month.
Two days into July, SOXX was briefly tracking its worst month in nearly four years. CIBR is not a pure cybersecurity read. Holdings in non-software names like Broadcom (AVGO), Cisco (CSCO), and Alphabet (GOOG, GOOGL) pull the fund into networking, chips, cloud, and AI infrastructure.