Chip Stock Index Rebounds 270 Points, Breaking Five-Day Losing Streak

The Philadelphia Semiconductor Index — a benchmark for chip stocks — jumped 270 points (2.31%) to 11,944 on July 20, 2026, ending five straight losing sessions. SK Hynix rose 5% and AMD 4%, but gains were concentrated in select names rather than across the sector. Whether the recovery broadens will decide if it holds.