U.S. Chip Stocks Wrap Best Quarter on Record Even as June AI-Bubble Jitters Spark Wild Swings
- The Philadelphia Semiconductor Index (SOX) is on track to finish Q2 up roughly 74%, its best quarter ever, driven by unrelenting demand for AI logic, HBM memory and networking silicon (Bloomberg).
- June's volatility, including a violent sell-off and rebound, has revived dot-com-era bubble comparisons, with traders split on whether AI capex marks a top or a 'breather'.
- Despite the turbulence, AI infrastructure names, including Micron, helped power a 20%-plus Nasdaq quarterly gain.