Global X AI Semiconductor & Quantum ETF(CHPX.US)

The NASDAQ-100 index fell by 2%, the S&P 500 dropped by 1.22%, the Dow Jones Industrial Average decreased by 0.82%, the NASDAQ fell by 1.94%, and the semiconductor index declined by 3.18%

Semiconductor sector continues rally in 2026, SOX index up 10.14% YTD. Analyst expects AMD to beat Q4 with EPS of $1.24.

In 2026, the semiconductor sector is experiencing a rally, with the PHLX Semiconductor Sector index up 10.14% year-to-date. Analyst C.J. Muse from Cantor Fitzgerald highlights AMD, Qualcomm, and Microchip Technology as top stocks. AMD is expected to exceed Q4 EPS estimates of $1.24, driven by data center demand and AI growth, despite potential supply constraints. AMD's strong performance is noted in Benzinga's Edge Rankings, indicating favorable momentum and quality compared to peers.

Forget Intel: This smartphone and auto chip giant is quietly building the better long‑term AI story

Intel was once the leader of America's semiconductor industry but Alphabet's partner Broadcom is looking like the stronger play in the long term.

In January, the S&P 500 index rose 1.2%, the Dow Jones increased by 1.7%, and the Nasdaq gained 0.8%. On Friday, the S&P 500 initially closed down 0.4%, with the materials and technology sectors falling 1.9% and 1.3%, respectively, while the energy sector rose 1%. The Nasdaq 100 initially closed down 1.3%, with Applovin plummeting 17.3%, Western Digital dropping 10%, and Tesla rising 3.3%. Visa initially closed down 2.9%, with several Dow components falling over 1%. The semiconductor index fell 3.9%, and the banking index decreased by 0.1%

KLA Corp beats quarterly results estimates on strong chipmaking tool demand

KLA Corpexceeded Wall Street's expectations for Q2 revenue and profit, driven by increased orders for chip fabrication tools amid rising demand for AI semiconductors. Despite reporting $3.3 billion in revenue and adjusted earnings of $8.85 per share, KLA's shares fell 7% in after-hours trading due to previously high expectations. The company faces challenges in the long-term outlook, particularly with demand in China affected by government restrictions. KLA forecasts Q3 revenue of $3.35 billion and adjusted earnings of $9.08 per share, both above analyst estimates.