Chip stocks have become the new leading sector in the current U.S. stock market bull run, The Kobeissi Letter said in a post on X.
According to Odaily, the account said many of the “Magnificent 7” stocks have fallen more than 20% from recent highs, while the semiconductor sector has taken over market leadership.
The Kobeissi Letter added that eight of the top 10 best-performing stocks in the S&P 500 this year are from the chip industry.
It also said the S&P 500 is expected to break above 8,000 if large-cap technology stocks regain market dominance while semiconductors remain strong or trade in a high-level range.
STOCKS | The Kobeissi Letter Says Chip Stocks Lead Current U.S. Bull Market
2026-07-07 00:23:58
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