Breaking

Chip Index SOX Jumps 87.8% in Quarter, a Record High

July 1, 2026 at 07:27 EDT

Infra & Chips
Finance

The Philadelphia Semiconductor Index (SOX) rose 87.8% in the April–June 2026 quarter, its largest quarterly gain since 1994. Demand for AI infrastructure has broadened buying into memory and equipment makers.

Q2 2026 · Semiconductor Index

Chips Post Their Best Quarter Since 1994

The Philadelphia Semiconductor Index (SOX) surged 87.8% in April–June — its biggest quarterly gain on record, eclipsing even the dot-com era — as explosive AI-infrastructure demand drove memory and equipment makers to historic highs.

+87.8%

SOX Q2 gain — best quarter since 1994

100%+

Year-to-date gain for the sector

14,247

SOX close on June 30

One quarter, three very different markets

Q2 2026 percentage gain — semiconductors dwarfed the broad indexes

S&P 500

+15%

Nasdaq 100

+28%

SOX (chips)

+87.8%

Who led the rally

Q2 2026 stock moves — memory and equipment makers out front

Intel

+216.4%

AMD

+185.6%

AMAT / KLA / Lam

2×+ each

Broadcom

+22%

Nvidia

+14.7%

The Micron blowout

Memory maker rides the HBM wave

+1,215%

EPS jump YoY: $1.91 → $25.11

+836.5%

12-month stock rise

85%+

Gross margin, fiscal Q3

$25B+

Data-center revenue (quarter)

Revenue reached ~$41.5B and the firm added over $1.1 trillion in market value — driven by tight DRAM/NAND supply and volume shipments of HBM4.

BULL CASE — boom continues

Memory prices and profits keep climbing on tight supply, and HBM eases AI workload bottlenecks — expected to underpin demand for now.

BEAR CASE — overheating risk

The SOX fell 10%+ in an early

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