Buy This AI Chip ETF Instead of Palantir Stock

Palantir stock trades at $140 per share with a P/E ratio of 180, down 20% year to date despite revenue rising 85% and net income up 306%. The VanEck Semiconductor ETF (SMH) returned 76% year to date and 155% over the past 12 months. SMH tracks the 25 largest U.S. semiconductor stocks, with top holdings including Nvidia, TSMC, and Micron. The ETF offers exposure to AI chip makers without Palantir's extreme valuation risk.