From Barron’s: 2025-05-29 12:01:00

Nvidia’s recent earnings report contributed to the chip stock rally, with Nvidia shares up 4.9%. The PHLX Semiconductor Sector Index, or SOX, also rose by 1.1% to 4,888.08. Despite this positive trend, BTIG’s chief market technician Jonathan Krinsky pointed out that the SOX is still in a technical downtrend, but is holding above its 200-day moving average, indicating some stability.



Read more at Barron’s: Chip Stocks Power Higher