1.25.24 Semiconductors Lead Stocks Higher
Key Takeaways
• Semiconductors continue to lead the broader market to new highs.
• The growing integration and excitement around artificial intelligence (AI) has revitalized demand and optimism for the industry.
• World chip sales have returned to growth for the first time in roughly 18 months, while the largest chip manufacturer recently forecasted “healthy growth” for 2024.
• Historically, the return of growth in chip cycles has led to continued upside momentum in both semiconductor stocks and the broader U.S. equity market.
• Records have been on repeat for the semiconductor spa
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