tech
January 2, 2026
Chip stocks rally to start 2026 after third-straight winning year
Investors piled into the winning artificial intelligence-adjacent sector following another big year of gains.
TL;DR
- Chipmaking stocks rallied to begin 2026, continuing gains from the previous year.
- Companies like Micron, ASML, Lam Research, Intel, Marvell, AMD, and Nvidia saw stock price increases.
- The AI sector and hyperscaler spending on datacenters are key drivers of the rally.
- This marks the third consecutive year of gains for chipmaking stocks.
- Concerns about an AI bubble exist, with figures like Michael Burry expressing skepticism and short positions.
- The VanEck Semiconductor ETF rose 4% to start 2026, building on a nearly 49% gain in 2025 and a record 72% gain in 2023.
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