Semiconductor stocks climbed for the fourth consecutive session as investors piled into AI-exposed chipmakers, pushing the SOX index up 3.1% amid strong momentum for data center infrastructure providers.
The Philadelphia semiconductor index (SOX) extended its winning streak to four days, surging 3.1% on Thursday. Gains were driven by robust demand for data center AI infrastructure, with Macom Technology Solutions and Astera Labs leading the sector higher.
The rally is primarily fueled by heavy investment in data center infrastructure required to support the rapid expansion of artificial intelligence technologies.