Wednesday, November 22, 2017

Semiconductor stocks reach March 2000 record

The Philadelphia Semiconductor Index took nine years and a day to rise from a multiyear low to its first record since March 2000, when an Internet-driven bull market peaked. The ascent in the industry gauge, known by its ticker symbol SOX, was more than six times longer than the one that produced the earlier record. Here’s another difference: Nvidia Corp., which wasn’t even publicly traded when the previous surge began in October 1998, led the current advance by soaring more than 36-fold.

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