A former tech darling of the late 1990s into 2000 that brings us some nostalgia when trading it is once again well represented in the Nasdaq 100 Index, as Qualcomm (QCOM) has a healthy 3.31% weighting (#5 in the Index and related ETF QQQ (PowerShares QQQ, Expense Ratio 0.20%) thanks to its >25% rally in the trailing one year period and its participation in a market cap weighted index.

QCOM is also the second highest and soon to be highest when it usurps TXN’s market cap, weighting in SOXX (iShares PHLX SOX Semiconductor Sector, Expense Ratio 0.48%) carrying an approximate 8.04% allocation in the fund.

QCOM has benefitted from a broader Semiconductor sector rally this year as the sector has greatly out-performed “broader” Technology proxies. The stock reports quarterly earnings after the close next week on 4/23/14 along with a host of other Tech names.

The ETF that has the highest weighting to QCOM out there is IGN (iShares North American Tech-Multimedia Networking, Expense Ratio 0.48%), with approximately a 8.85% weighting to the stock and the fund has already reeled in about $90 million year to date in new assets via creation activity which is considerable given its total asset base of about $320 million.

Other Networking and Semiconductor based ETFs come to mind as well when thinking about QCOM, including PXQ (PowerShares Dynamic Networking, Expense Ratio 0.60%), PSI (PowerShares Dynamic Semiconductors, Expense Ratio 0.60%), IYW (iShares U.S. Technology, Expense Ratio 0.48%), and TDIV (First Trust NASDAQ Technology Dividend, Expense Ratio 0.50%), with all of these funds having a weighting in the 4-5% range
in the stock.