Philadelphia Semiconductor Index Surges Over 8% as Applied Materials Rises 15%

US semiconductor equities rally sharply, with the Philadelphia index up 8%. Applied Materials leads gains at 15%, followed by Micron and AMD, signaling broad sector strength.

Woofun AI data shows that the Philadelphia Semiconductor Index climbed more than 8%, reflecting continued strength in US semiconductor equities. Applied Materials led the advance with a gain exceeding 15%, while Micron Technology rose 14% and AMD increased over 13%. Intel posted a 12% increase, and both ASML and TSMC saw their shares rise by more than 7%.