Chip Stocks Surge to Multi-Year Highs on Broad Semiconductor Rally
• Russell 2000 small-cap index breaking out from 2-year trading range after months of consolidation • Chip sector seeing massive gains in 2024, with stocks like Nvidia and Super Micro Computer climbing • Tech leading markets higher, with NASDAQ composite up 86 basis points • Semiconductor stocks on a tear, with Nvidia at new highs and Taiwan Semi threatening 5-year peak • AMD, ASML, Taiwan Semi all up over 24% year-to-date, showing strength across chip sector