Philadelphia Semiconductor Index Sets Longest Consecutive Growth Record in History

The U.S. semiconductor stock index has set a record for the longest consecutive uptrend in history, fueled by investor expectations for robust growth in the industry, driven by demand related to artificial intelligence (AI).

The Philadelphia Semiconductor Index rose 2.7% on Wednesday, marking its 16th consecutive trading day of gains. This is the longest streak since records began in 1994. In this uptrend, the index has climbed approximately 39%, making April有望 becoming the month with the largest single-month gain since February 2000.

This rally serves as the latest instance of chip stocks leading the broader U.S. stock market. The launch of ChatGPT ignited the modern AI era and accelerated this multi-year trend. Major companies are heavily investing in AI-related infrastructure, particularly driving demand for chips.

Industry insiders stated: "Demand is very strong due to the push of AI, and it can be anticipated that the large-scale investment in AI will continue in the foreseeable future. From a valuation and growth perspective, the industry remains attractive, which is not only beneficial to semiconductor stocks as a whole but will also be beneficial to the entire market."

According to data from Bloomberg, the semiconductor industry is expected to see approximately a 57% increase in revenue by 2026, which is double the growth rate of the overall technology industry and significantly higher than the 9.3% growth expected for the S&P 500.

Nvidia has particularly become a representative company for the industry and the AI field, and could even be considered a barometer for the entire economy. Over the past five years, this chipmaker's stock has soared by more than 1200%, with a market value approaching 5 trillion dollars, making it the world's most valuable company.

Other major winners in the AI era include: Broadcom (up more than 800% over the past five years), Micron Technology (up more than 460%), and AMD (up more than 260%). Intel has lagged behind over the past five years but has recently shown strong performance, with its stock price reaching the highest level since the year 2000, and market expectations for its successful advancement of an ambitious transformation strategy continue to strengthen.

Overall, the chip index has more than tripled, outperforming the Nasdaq 100 by more than two times.