Are there scenarios where semiconductors, microchips and AI won't thrive in the long run?

Hi everyone,

I don't own any individual stocks, and most of my investments are in growth mutual funds. I have some bond exposure in my 401k, but everything in my personal accounts is a mix between S&P500 (FXAIX), large cap growth (FSPGX) and semiconductor (FSELX.) I do realize there's quite a bit of overlap between these three mutual funds.

Looking at the performance over the few years I've owned these, FSELX has blown everything out of the water by a large margin. Now I'm more inclined to invest a larger percentage of my money in FSELX.

I realize we don't have crystal balls and we can't predict the future, but can you think of plausible scenarios where the semiconductor, microchip and AI sectors completely go bust? The more I look at the world around me, the more I'm convinced there's no plausible way, but I would love to hear your opinions.

Many thanks in advance!! =)