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The State Street SPDR S&P Semiconductor ETF (XSD) made its debut on 01/31/2006, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market.

Hyperscaler capex is expected to reach roughly $638 billion in 2026, up about 78% from 2025, putting growing pressure on free cash flow and balance sheets. The key risk is not that AI spending collapses, but that capex growth simply slows.

Designed to provide broad exposure to the Technology - Semiconductors segment of the equity market, the State Street SPDR S&P Semiconductor ETF (XSD) is a passively managed exchange traded fund launched on January 31, 2006.

You saw the tweets, the CNBC hits, and the chart that looked like a ladder to the moon.

The SPDR S&P Semiconductor ETF (NYSEARCA:XSD) and the VanEck Semiconductor ETF (NASDAQ:SMH) both offer exposure to semiconductors, yet they are two very different bets.