Chipmakers' Profit Gains May Not Be Enough to Stem Volatility The semiconductor industry's meteoric rise has been a defining feature of the market's performance this year.
The PHLX Semiconductor index, which tracks 30 major chipmakers, has surged an astonishing 65% in 2023, outpacing the S&P 500's 9% gain.
However, beneath these impressive numbers lies a more nuanced reality: volatility has become the watchword for this sector.