Investors have long been bullish on chip stocks, with the VanEck Semiconductor ETF (SMH) leading the charge since 2011. With over two dozen stocks in its portfolio, SMH has been a top performer, driven by companies like Nvidia. However, recent performance has put SMH under scrutiny, as its high concentration could lead to increased volatility. The future of SMH hinges on the AI industry and market conditions. Technical indicators suggest a bearish trend may be on the horizon for SMH, prompting caution among investors. NVDA remains a key player to watch in this evolving landscape.

Read more at Barchart: Chip Stocks Are No Longer an Automatic Path to Profits. What the Numbers Say About This Key Semi ETF Now.