This is something we don’t usually see.
The Philadelphia Semiconductor Index has now logged 18 straight green sessions, the longest streak in its history. The previous record stood at 15 days back in 2014. In just 18 trading days, the index has climbed around 44.5%, putting it on pace for its strongest monthly performance since the dot-com boom in February 2000.
The moves in major chip stocks have been just as extreme over this short stretch:
NVDA is up 23.5%, adding roughly $950 billion in value
AVGO has gained 44%, adding about $640 billion
AMD is up 78%, adding around $243 billion
MU has climbed 62%, adding roughly $212 billion
INTC has surged 101%, adding about $180 billion
SNDK is up 80%, adding around $45 billion
Altogether, semiconductor stocks have added more than $2.2 trillion in market value in under three weeks.
It really shows how much the market is leaning into the chip cycle right now. Oil defined the 20th century, but chips are clearly setting the pace for this one.
#Semiconductors #StockMarket #TechStocks #NVDA #MarketRally
