$660B Big Tech AI Capex Fuels 18-Day Semiconductor Index Record
Big Tech's combined $660B AI capital expenditure plan for 2026 is driving a record 18-day winning streak in the PHLX Semiconductor Index. Meta's $100B+ AMD chip deal and hyperscaler demand from Amazon, Alphabet, and Microsoft underpin Bloomberg Intelligence's forecast of 57% semiconductor revenue growth this year—double the broader market rate.
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