Semiconductor Stocks Just Tumbled. This Tech ETF Soared 6% Instead. Here's Why.

Key Points Semiconductor stocks were hit hard on Monday amid talk of a slowdown in AI development. Cybersecurity stocks, on the other hand, staged a big rally. Here's why that group may just be in the early stages of a big move higher. 10 stocks we like better than First Trust Exchange-Traded Fund II - First Trust Nasdaq Cybersecurity ETF › Something surprising happened to tech stocks on Monday. As semiconductor manufacturers sold off, one segment of the artificial intelligence (AI) trade soared instead. Chip stocks fell after two frontier AI CEOs, Dario Amodei of Anthropic and Sam Altman of OpenAI, published weekend warnings about the pace of AI development and its risks. Normally, that kind of news would drag down the entire AI trade with it.