This Chip ETF Was Ready for the Micron Boom
2026-06-04 07:54:00 ET
Artificial intelligence (AI) semiconductor giant Micron Technology (NASDAQ: MU) recently became the latest U.S. company to join the prestigious $1 trillion market capitalization club after a run in which the stock gained an eye-popping 900% over the past year.
While the $1 trillion club is growing, it's still rarefied territory, and it's not every day companies gain entry. Micron's ascent is also interesting to exchange-traded fund (ETF) investors because the stock's surge exposes a flaw in the market-cap weighting methodology used by many traditional chip ETFs. Put simply, some of those funds had fairly low exposure to Micron as recently as six months ago.
Owing to a different approach, the First Trust Nasdaq Semiconductor ETF (NASDAQ: FTXL) was better positioned for the Micron rally because it weights metrics beyond market value.
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