SOXQ Posts 181.74% Return as NVIDIA and AMD Drive Gains — Soxx
SOXQ closed at $109.58 on June 3, 2026, after posting a 181.74% one-year return. The soxx fund’s gain came as AI chip demand concentrated performance in a small group of semiconductor leaders, with NVIDIA, Broadcom and Advanced Micro Devices carrying much of the move.
96.71% year to date is the other number that stands out in the fund’s record. For holders, that means the ETF did not just benefit from a single short burst; it kept compounding through 2026 while the semiconductor trade stayed anchored to AI infrastructure demand.
NVIDIA, Broadcom and AMD
59% of SOXQ’s assets were in its top 10 holdings as of February 2026. That concentration made the fund’s return highly dependent on a narrow set of names, especially NVIDIA, Broadcom, Advanced Micro Devices and Micron, rather than on the full 30-stock index it tracks.
$8 billion in expected U.S. chip-export restrictions to China hit NVIDIA, but hyperscaler demand from Microsoft, Amazon and Google more than offset the loss. Jensen Huang’s company still mattered to the ETF because its scale and demand mix kept it central to the index’s performance even under pressure.
SOXQ Versus iShares
190.03% was the one-year return for the iShares Semiconductor ETF over the same window. SOXQ still trailed that rival, but the gap was narrow enough to show how much the semiconductor complex moved together even when fund construction differed.
0.19% was SOXQ’s expense ratio, and the ETF launched in June 2021 before crossing $1 billion in assets under management in February 2026. That lower fee and larger asset base give the fund a clearer place in the semiconductor lineup, but the trade still comes with the same concentration risk that pushed so much of the return into a few AI names.
AMD’s 40% Share
168.31% was Advanced Micro Devices’ 12-month gain heading into mid-2026, while its server CPU market share exceeded 40% in April 2026. Lisa Su’s company added another layer to the ETF’s rise because it was not just participating in AI demand; it was also taking share in a core enterprise market.
For readers using SOXQ as a semiconductor proxy, the key takeaway is simple: the fund’s 181.74% one-year return was not spread evenly across 30 companies. It was driven by a concentrated cluster of AI chip leaders, and that leaves the next leg of performance tied to whether those same names keep converting hyperscaler spending into earnings growth.
