PHLX Semiconductor Index Posts 16th Consecutive Gain, Longest Winning Streak Since 1994 Driven by AI Boom

(Central News Agency, New York, 22nd, Comprehensive Foreign Report) The US Philadelphia Semiconductor Index rose 2.7% today, closing higher for the 16th consecutive trading day, setting the longest winning streak since 1994. Driven by demand for artificial intelligence (AI), investors expect robust growth in the semiconductor industry.

Bloomberg News reported that the Philadelphia Semiconductor Index has accumulated a gain of about 39% during this rally and is poised to record its largest single-month percentage gain since February 2000 this April.

Bloomberg noted that this rally is one of the latest examples of chip stocks leading the broader market. The launch of ChatGPT ignited the modern AI wave, driving a multi-year growth trend. Major corporations are investing heavily in AI-related infrastructure, further boosting chip demand.

Mark Grant, Chief Global Strategist at Alliance Global Partners, stated: "Due to the massive demand brought by AI, I believe that heavy spending on AI will continue for the foreseeable future."

Grant pointed out: "I think the industry remains attractive from both a valuation and growth perspective, which is bullish for semiconductor stocks as well as the overall market." (Compiler: Chen Cheng-chien) 1150423