JUST IN: A notable fund slashed bets on semis in Q1 2026, loading heavily into AI infrastructure while widely buying puts on SMH, NVDA, AMD, TSMC, ASML, Broadcom and others. If this tilt sticks, AI/AI‑driven names could diverge from chip-cycle momentum. $SMH $NVDA $AMD $TSM $ASML

SMH-3.94%
NVDA-4.36%
AMD-1.46%
TSM-1.93%
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