Chip stocks surge 75% as Big Tech AI spending drives semiconductor rally
By
George Steer, Michael Acton
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
The article discusses the surge in chip stocks, particularly the Philadelphia Semiconductor Index, which has seen 75% gains driven by Big Tech's massive spending on data centre infrastructure to support AI demand. The gains are compared to the dotcom era, highlighting the significant market momentum in the semiconductor sector fueled by artificial intelligence investments.
Key quotes
· 2 pulledChip stocks race towards biggest gains since dotcom era on AI demand
Philadelphia Semiconductor Index rides Big Tech's data centre spending spree to 75% gains in 2026
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