tech stocks have fallen out of favor amid the current macroeconomic and geopolitical turmoil so it doesnt come as a surprise that an aipowered exchangetraded fund popular for its bets on ev leader tesla inc tsla has opted to liquidate out of highprofile chipmakers in march amom hits exit button on chip giants the qraft aienhanced us large cap momentum etf amom sold its entire stake in two highprofile chip names gpu chipmaker nvidia corporation nvda and qualcomm inc qcom monthly disclosure by qraft technologies the sponsor of the etf showed nvidia previously accounted for 73 of the holdings and qualcomm a more modest 26 nvidia has recently had a strong gtc conference wherein it laid out its ambitions of making major expansions into software the fund also hit the exit button on a few other tech names including cybersecurity vendor palo alto networks inc panw and tax management software and solutions provider intuit inc intu apple inc nasdaq appl has been a constant although the percentage share of the total holdings edged down from 82 to 8 the iphone maker continues to be the top holding of the fund related link apple analyst warns of considerable risk for tech sector in coming months retail the inthing amom kept its position or loaded up in several retailers in march walmart inc wmt found its way into the fund in march from no position in the retailer in the previous month amoms holding of the retail giant is now at 5 among the other retail positions in the etf are home improvement retailers home depot inc hd and lowes companies inc low as well as membershiponly warehouse retailer costco wholesale corporation cost these accounted for 41 26 and 36 of the etfs holdings respectively in march related link 8 stock picks to play the 2022 emerging trends shaping the semiconductor industry