Reported about 11 hours ago
Chipmakers have achieved their longest winning streak in almost eight years, with the Philadelphia Stock Exchange Semiconductor Index rising 0.3% for the ninth consecutive session. The index has increased by 8.7% during this period and is up 22% this year, surpassing the Nasdaq 100 Index's gains. Notable movers include ON Semiconductor climbing 3% and Intel rising 2%. Analysts attribute this growth to a surge in demand driven by AI infrastructure and strong corporate orders, signaling a sustained bullish outlook for the semiconductor sector.
Source: YAHOO