US Stock Semiconductors

The growth rate of individual US semiconductor stocks since January 2024

Driven by artificial intelligence (AI), the semiconductor sector experienced a very impressive increase in 2024. In addition to the much-publicized Yingweida (NVDA), which has risen more than 82% this year, Micron Technology (MU) has also risen more than 50% due to strong demand for AI chips. The company's earnings report for the quarter turned a loss into a win, greatly surpassing Wall Street analysis and starting a new round of semiconductor bull market. Other semiconductor equipment suppliers all had good gains, outperforming the S&P 500's earnings. Let's wait and see for how long the semiconductor sector's hot momentum can continue!