The semiconductors sub-industry alone is expected to record first-quarter earnings growth of 109.2% [File]
| Photo Credit: REUTERS
U.S. chip stocks soared to record highs on Friday as Intel’s unexpectedly strong revenue forecast reinforced confidence that the AI boom powering this year’s rally in the semiconductor sector is showing no signs of slowing down.
The foremost stock index for chip makers, the Philadelphia SE Semiconductor Index, rose 3.2% to an all-time high and was on track to extend its record-breaking streak of single-day gains to 18. The index has gained more than 47% this year.
Published – April 27, 2026 09:49 am IST
