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Benzinga
Benzinga
Business
Anusuya Lahiri

EXPLAINED: Chipmakers ride ai wave towards record breaking rally - The Real Truth

On Nasdaq Nvidia Semiconductor Broadcom Intel Corporation Oracle ON Semiconductor OpenAI
Konskie,,Poland,-,January,03,,2024:,Broadcom,Inc,Company,Logo

Chipmakers extended their rally on Tuesday, pushing the Philadelphia Semiconductor Index toward its longest winning streak in nearly eight years. The benchmark has climbed 8.7% over the past nine sessions and is now up 22% in 2025, outpacing the Nasdaq 100’s nearly 16% advance.

Gains were driven by heavyweights including ON Semiconductor (NASDAQ:ON), Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), and Broadcom (NASDAQ:AVGO), Bloomberg reported on Tuesday.

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