Chipmakers Post Longest Win Streak Since 2017 Amid AI Growth-akbannernews

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2025-09-17

Chipmakers Post Longest Win Streak Since 2017 Amid AI Growth

(Bloomberg) — Shares of chipmakers rose on Tuesday as the group posted its longest winning streak in almost eight years.

The Philadelphia Stock Exchange Semiconductor Index rose 0.3% in its ninth straight positive session, its longest such streak since 2017. The gauge has jumped 8.7% over the period and is now up 22% this year, beating the Nasdaq 100 Index’s almost 16% gain.

Among notable movers, ON Semiconductor Corp. jumped 3%, Intel Corp. rose 2% and Applied Materials Inc. added 1.5%. Nvidia Corp., the leader in AI chips, fell 1.6%, though it remains up more than 30% this year. Broadcom Inc. sank 1.1% but is still up 55% in 2025.

“Everything we see happening with the AI buildout and tech overall, it’s all powered by semiconductors,” said Wayne Kaufman, chief market analyst at Phoenix Financial Services.

Oracle Corp.’s recent earnings report and the AI infrastructure deal between Microsoft Corp. and Nebius Group NV are bullish signs for the group, he added.

“Companies are making big orders going way out into the future, which points to them feeling that they’re way behind in the capacity that they’re going to need for AI,” Kaufman said. “That means the really in semiconductors looks very sustainable, with Nvidia and Taiwan Semi the big winners, even if some names might get overbought in the short term.”

AI infrastructure has been one of the market’s most consistent winning trades in 2025. Nvidia, Broadcom, Taiwan Semiconductor Manufacturing Co., and Micron Technology Inc. are responsible for more than 65% of the chip index’s gain this year, according to data compiled by Bloomberg.

(Updates to market close.)