Are Semiconductors A Buy As They Outperform Broader Tech Indexes?

The iShares Semiconductor ETF (NASDAQ: SOXX), whose top two components are Broadcom (NASDAQ: AVGO) and  Qualcomm (NASDAQ: QCOM), is up 47.59% year-to-date, reflecting strong demand for chips amid the global shortage. Depositphotos.com contributor/Depositphotos.com – MarketBeat However, even with that stellar performance this year, the index posted even better returns in 2019 and 2020. This ETF tracks the ICE Semiconductor Index, composed of domestic chip stocks.  It’s been outpacing broader tech indexes, notably the S&P large-cap technology index, tracked by the Technology Select