Nasdaq and semiconductor index reach record highs amid historic eighteen day winning streak

Apr 24, 2026, 8:18:55 PM UTC(17 hours ago)
Impact: Medium
Nasdaq and semiconductor index reach record highs amid historic eighteen day winning streak

Affected Assets

  • The Philadelphia Semiconductor Index extended its record-breaking rally to 18 consecutive sessions, marking its longest winning streak in its 32-year history.
  • Intel fueled the surge with a blockbuster quarterly report and strong revenue guidance, causing its stock to jump over 20% and pull the broader sector higher.
  • Nvidia reached a historic $5 trillion market capitalization during the session as demand for artificial intelligence infrastructure shows no signs of slowing.
  • Market analysts noted that the iShares Semiconductor ETF (SOXX) has gained approximately 42% since the start of this rally on March 30, 2026.
  • Taiwan Semiconductor also hit a new all-time high following regulatory changes in Taiwan that relaxed fund holding limits for individual stocks.

Sources

The tech-heavy $IXIC climbed 1.6% to a fresh record as the semiconductor index extended gains for the 18th day in a row. https://t.co/nt0QdJWH55 https://t.co/8JQEXGhX3R
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Nasdaq and semiconductor index reach record highs amid historic eighteen day winning streak | Foxly Invest