Semiconductor stocks are seeing a surge in the Nasdaq PHLX Semiconductor Index (SOX) with a 34% rise over its current 14-day winning streak, putting it on track for its best 14-Day run since 2002. This is not without mention that several of the biggest AI-linked chip names, including Micron, Broadcom, Nvidia, and TSMC, have also moved up. Micron's surge has been attributed to explosive revenue, record margins, and unusually strong visibility around high-bandwidth memory demand. The broader industry forecast is also increasing, with global semiconductor revenue expected to jump 64% in 2026 to $1.32 trillion, with memory revenue tripling to $633.3 billion. However, Gartner warns that higher memory prices could delay non-AI demand into 2028.