With markets pushing into a new phase, driven by AI spending, improved earnings, and a rebound in large-cap tech, analysts are pointing to two ETFs that stand out for long‑term growth. These include Fidelity Blue Chip Growth ETF (FBCG) and VanEck Semiconductor ETF (SMH). Both funds tap into different parts of the AI boom. FBCG focuses on mega-cap tech leaders, while SMH captures the rising demand for advanced chips that power AI systems.
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200% short exposure to NVDA with NVDSFidelity Blue Chip Growth ETF (FBCG)
The FBCG ETF is an actively managed large-cap growth ETF that focuses on well-established companies with strong earnings growth potential. FBCG leans heavily toward the major names in tech and consumer innovation, the companies driving cloud computing, AI tools, digital ads, and platform-based business models.
Some of the top holdings in the FBCG ETF include Nvidia (NVDA), Apple (AAPL), and Alphabet (GOOGL). Overall, the ETF has $6.52 billion in assets under management (AUM) and an expense ratio of 0.57%. Over the past year, the FBCG ETF has generated a return of 40%.
On TipRanks, FBCG has a Strong Buy consensus rating based on 177 Buys and 11 Holds assigned in the last three months. The average FBCG ETF price target of $75.42 implies 23.08% upside potential.
VanEck Semiconductor ETF (SMH)
SMH is one of the most popular ways for investors to get broad exposure to the global chip industry. It tracks the MVIS U.S. Listed Semiconductor 25 Index, holding many of the world’s biggest and most important chipmakers.
SMH is a concentrated ETF with only about 25 stocks, and its top names drive most of the returns. These include TSMC (TSM), Broadcom (AVGO), and Advanced Micro Devices (AMD). As the fund leans heavily on these giants, SMH tends to move sharply when the chip sector rallies or pulls back.
Overall, the ETF has $62.23 billion in AUM and an expense ratio of 0.35%. Over the past year, the SMH ETF has generated a return of 139.1%.
Turning to Wall Street, SMH has a Strong Buy consensus rating based on 22 Buys and three Holds assigned in the last three months. At $605.22, the average SMH ETF price target implies 5.01% upside potential.
