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How did the Philadelphia Stock Exchange semiconductor index perform in 2023?

The Philadelphia Stock Exchange Semiconductor Index rose 65% this year, with 2023 representing the biggest one-year gain for the index since 2009, when it rose 70% in the aftermath of the financial-crisis market bottom. The index fell 0.8% on Friday, but recently traded near record levels.

Is Nvidia the first chipmaker with a market capitalization above $1 trillion?

Shares more than tripled, resulting in Nvidia earning the title of the first chipmaker with a market capitalization above $1 trillion. In second place among index components was Advanced Micro Devices Inc, another major player within AI.

Are chipmaker stocks coming back to life?

(Note: The author of this fundamental analysis is a financial writer and portfolio manager.) After a rough finish to 2017, chipmaker stocks have come back to life as measured by the iShares PHLX Semiconductor ETF ( SOXX ), which has jumped by nearly 5.5%, while the S&P 500 has climbed by 4.2%.

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