The market value of chip stocks has evaporated by 1 trillion USD, and investors are flocking to semiconductor ETFs

As chip stocks' market value evaporates by $1 trillion, ETF investors are pouring billions into the dip.

The VanEck Semiconductor ETF attracted over $430 million in inflows over the past three days, while the Direxion Daily Semiconductor Bull 3X Shares ETF saw approximately $3.8 billion in inflows this week, setting a record. The Philadelphia Semiconductor Index has cumulatively dropped 12% over six days.