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Apr 24, 2026 4:00 PM

The Chip Stock Rally That Broke History: SOXX Notches Record 17-Day Win Streak

The Philadelphia Semiconductor Index has done something it has never done before, logged 17 consecutive green trading sessions, surpassing the previous record of 15 set back in 2014. 

Over that stretch, the SOX has surged roughly 42%, putting it on track for its largest monthly gain since the dot-com boom of February 2000.

SOXL is hitting all-time highs. See the chart and price action here. 

The Semiconductor ETFs

The ETFs riding the wave are seeing historic numbers of their own.

The iShares Semiconductor ETF (NASDAQ:SOXX) has posted a gain of more than 30% in April, its best month in the fund’s 25-year history. 

The VanEck Semiconductor ETF (SMH) is up over 25%, its strongest monthly return since November 2003. 

For traders using Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL) and Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS), the volatility has been extreme in ...