Roast/review my portfolio. AI, Semis, Infra + ETFs. 40M, Europe. Rotate into Nasdaq?

Portfolio allocations as of June:

Amazon 11.9%
Broadcom 7.6%
ServiceNow 1.2%
Marvell 0.6%
Gold (IGLD.DE) € 5.1%
Google 9.2%
Japan (IJPA) € 7.1%
Korea (FLXK) € 7.0%
Microsoft 7.7%
NVIDIA 7.7%
S&P500 (SXR8) € 23.7%
Silver (XAD2) € 2.0%
TSM 7.5%
Micron 1.6%

I'm now taking a longer view, like 5-10 years.
For that, I'm looking at rotating 80% into Nasdaq, S&P, or even a total market ETF (Nasdaq is my current favorite).
I do consider SOXX/SMH as well (but limited to 20%).
I wonder about consolidating into fewer positions.
My initial goal was to outperform the Nasdaq/S&P, but now that I look at a longer time horizon, that seems less likely.

What's your take?