Investors scooped up chip stocks on Monday after their steep decline over the past month, as the artificial-intelligence trade unwound rapidly. Some analysts believe the drop in names such as Nvidia, Micron and Sandisk is an overreaction, while others remain cautious and anticipate further declines. The iShares Semiconductor ETF SOXX rallied 7% on Monday, bringing its year-to-date gain in 2026 to more than 45%. Its five largest holdings were Advanced Micro Devices, Nvidia, Broadcom, Micron Technology and Intel.
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