Semiconductor exchange-traded funds outperformed the broader market Thursday as investors continued to bet on more upside for technology companies. The iShares PHLX Semiconductor ETF /zigman2/quotes/209255350/composite SOXX -0.0034% was 1% higher in the early afternoon, the SPDR S&P Semiconductor ETF /zigman2/quotes/204438110/composite XSD -0.39% rose 0.9%, and the VanEck Vectors Semiconductor ETF /zigman2/quotes/200571902/composite SMH +0.07% jumped 1.3%. All were on track for their best week in five weeks. Most of those funds have a sizable portfolio holding of NVIDIA Corp. /zigman2/quotes/200467500/composite NVDA -0.31% , which was up 2.2% in the early afternoon, and which on Wednesday overtook Intel Corp. /zigman2/quotes/203649727/composite INTC +2.48% to become the largest chipmaker, by market cap. Intel shares were about 0.2% lower Thursday afternoon, while the broader Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.39% was 0.2% higher. In the year today, Nvidia has gained 78%, and the iShares ETF, the largest in the space, is up 12%, compared to a 17% gain for the Nasdaq, and losses for other benchmark indexes.