Chip Stocks Put Up Their Best Quarter Ever Despite Wild Swings

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. The Philadelphia Stock Exchange Semiconductor Index jumped 3.9% on Tuesday to bring its second-quarter gain to 88%, its best quarter ever. It soared 101% in the first half, putting it on track for its best year in its history. In contrast, the tech-heavy Nasdaq 100 Index climbed 28% in the second quarter, while the S&P 500 Index rose 15%. It was both of their best quarters since 2020, but the performances were dwarfed by the surge in chip stocks. On this episode, Carol and Tim speak with: Ian King, Bloomberg News US Semiconductor Reporter Dan Suzuki, Global Investment Strategist, iCapital Georgia Hall, Bloomberg News FX and Rates Reporter AND Francesca Maglione, Bloomberg News California Reporter on Big Take: The 250-Year-Old American Dream Is Fading for Dreamers Overseas Yogesh Gupta, CEO at Progress Software See omnystudio.com/listener for privacy information.