Philadelphia Semiconductor Index
Coverage of Philadelphia Semiconductor Index in the Nexus archive.
- 'Big Short' investor Michael Burry reveals fresh bets against Tesla, Nvidia, and Caterpillar
Michael Burry, known for his 'Big Short' success, has placed fresh short positions against Tesla, Caterpillar, Nvidia, Applied Materials, and the iShares Semiconductor ETF (SOXX). He argues the semiconductor index is overvalued and cited Caterpillar's stock as unsupported by its business fundamentals.
- Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
Bank of America advised investors to 'take profits' as seven of its 10 bear-market indicators were triggered, leading to a 7% Nasdaq drop and significant declines in the S&P 500 and Dow. Leveraged funds like Direxion Daily Semiconductor lost billions, while semiconductor stocks fell sharply due to Broadcom's cautious guidance and a memory glut.
- Revenge of the AI bubble
The AI industry has cycled through phases of skepticism, mania, and reckoning as companies grapple with its costs and value. Firms like Uber, Amazon, and GitHub are reevaluating AI spending after discovering high expenses and limited returns, while market indicators like the Nasdaq and Philadelphia Semiconductor Index show investor uncertainty.
- Chip stocks race towards biggest gains since dotcom era on AI demand
Chip stocks are experiencing significant gains, with the Philadelphia Semiconductor Index rising 75% in 2026 due to increased data center spending by Big Tech companies driven by AI demand.