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News in English (USA) / 06.07.2026 / 22:00

Chip Stocks Rally Drives Wall Street Gains

The stock market showed significant movement as semiconductor stocks led the charge in a resurgence driven by artificial intelligence momentum. The Philadelphia Semiconductor Index saw a noteworthy increase of over 3.5%, with key players like AMD and Broadcom surging more than 6%. This uptick has sparked a broader rally in technology stocks, notably boosting the Nasdaq and S&P 500 indexes. Despite some volatility, analysts suggest that the semiconductor sector, which now constitutes a record 19.7% of the S&P 500, could continue to thrive, with projections of a market exceeding $2 trillion by 2030 due to rising AI demands. In the wake of this rally, some investors are opting to shift focus from software to chipmakers, which have recorded significant quarterly gains amid a recovering tech landscape.
Reuters, Bloomberg.com, "Barrons", Seeking Alpha, 富途牛牛, Yahoo Finance, MarketWatch, Investopedia, dars.gov.et, Barchart.com