Semiconductor stocks surge 5%, driving Nasdaq to record highs amid strong tech rally

Semiconductor stocks have surged significantly, with the iShares Semiconductor ETF (SOXX) jumping 5% in a single day, contributing to the Nasdaq Composite Index reaching a new all-time high. This rally has pushed semiconductor gains to around 68% for the year, highlighting strong investor interest in chip makers amid ongoing tech sector strength. The surge echoes the intense market enthusiasm seen during the dot-com bubble, raising questions about sustainability but also signaling robust demand for semiconductor technology.