The hot new chip company has major deals with OpenAI and Amazon.

The Philadelphia Semiconductor Index has climbed roughly 64% since late March. Nathan Peterson, Director of Derivatives Research and Strategy at Schwab, framed last week’s action around a single dominant theme on the firm’s Market Update podcast: “The driving engine behind last week’s push higher in stocks continued to be the AI infrastructure plays,

SK Hynix is a top supplier of memory chips to Nvidia, whose AI accelerators have become the backbone of the AI race.

For much of 2026, the chip trade has been the only show on Wall Street. The iShares Semiconductor ETF (SOXX) is still up 77% year to date through May 11, Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) has more than doubled,

Samsung, Intel and Taiwan Semiconductor are the only three companies in the world capable of manufacturing the most advanced chips needed for AI.

GPU shortages driven by AI demand are pushing hardware prices up across the industry. Apple's own silicon keeps the MacBook Neo insulated from the worst of it, and Amazon is selling it below Apple's official price while everyone else is raising theirs.

NASA is testing a next-generation space computer chip that could give spacecraft the ability to operate far more independently in deep space. The radiation-hardened processor is showing performance levels hundreds of times beyond current spaceflight computers while surviving punishing tests designed to mimic the harsh conditions of space.

The new DRAM ETF has nearly doubled in just a few weeks. It’s starting to look bubbly.