$660B AI Capex Wave Pushes PHLX Semiconductor Index to 18-Day Record Winning Streak
Big Tech's $660B combined AI capital expenditure for 2026 has driven the PHLX Semiconductor Index to an 18-day record winning streak. Meta signed a $100B+ five-year AMD chip deal, while Amazon, Alphabet, and Microsoft remain core NVIDIA customers. Bloomberg Intelligence forecasts 57% semiconductor revenue growth in 2026—twice the broader market rate.
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