By Gus McCubbing
Publication Date: 2026-04-23 23:00:00
Local fund managers have been keeping an eye on Chinese players in the artificial intelligence space as renewed optimism in the sector and tech stocks have surged despite ongoing tensions over the Iran war.
The Philadelphia Stock Exchange Semiconductor Index, which tracks the 30 largest chip stocks listed on Wall Street, rose nearly 3 percent on Thursday (Friday AEST) – its 16th consecutive positive session, the longest streak in records dating back more than three decades. With an increase of almost 40 percent since the beginning of the month, the index is heading for its biggest increase since 2000.
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