Chip stocks are doing the heavy lifting for Wall Street again. US stock index futures climbed as semiconductor names extended a rally that has made the sector the undisputed star of 2026’s first half.
Dow futures rose by 0.2%, S&P 500 futures increased by 0.4%, and Nasdaq 100 futures gained 0.7%, with the moves tied directly to continued strength in chip equities.
The chip rally by the numbers
Nvidia, AMD, and Broadcom have been the troika leading the charge. AMD has been particularly volatile, with shares gaining more than 6% in some sessions while dropping over 7% in others.
AMD’s stock has climbed approximately 130% year-to-date as of June 2026. The iShares Semiconductor ETF, known by its ticker SOXX, surged more than 8% on rebound days in June. The Philadelphia Semiconductor Index has posted year-to-date gains in the range of 60-80% through early June.
