Nvidia CEO Jensen Huang speaks at an event ahead of the COMPUTEX forum, in Taipei, Taiwan, June 2, 2024.
Chipmaking stocks rallied to kick off 2026 as investors piled into the winning artificial intelligence-fueled sector following another big year of gains.
Dutch chip equipment maker ASML surged 9%, while Micron Technology jumped 8% to start the new trading year. Lam Research and Intel rallied about 7% each, while Marvell Technology rose 5%.
Advanced Micro Devices and Nvidia gained about 3% and 2%, respectively. In 2025, AMD gained 77% while Nvidia added 39%.
Chipmaking stocks got a boost in 2025 from the ongoing AI buildout. Hyperscalers such as Amazon and Google have spent big to power unwavering datacenter demand.