Chipmakers saw their shares rise on Tuesday, marking their longest winning streak in almost eight years. The Philadelphia Stock Exchange Semiconductor Index increased by 0.3% in its ninth consecutive positive session, soaring 8.7% over the period and up 22% for the year. ON Semiconductor Corp. surged 3%, Intel Corp. rose 2%, and Applied Materials Inc. climbed 1.5%. Nvidia Corp. fell 1.6%, while Broadcom Inc. dropped 1.1%. Analysts point to the AI buildout and tech advancements as major drivers for the semiconductor industry’s growth, with Nvidia and Taiwan Semi as key beneficiaries. AI infrastructure deals have been a strong trade in 2025, with several companies leading the charge.

Read more at Yahoo Finance: Chipmakers Post Longest Win Streak Since 2017 Amid AI Growth