Chipmakers head for big profit gains, but will it be enough?
Chipmakers are poised for a 133% earnings increase in Q2, contributing nearly half of the S&P 500's profit growth, despite recent volatility in the PHLX Semiconductor index. The index has surged 65% this year but fell 18% in July, raising concerns about the sustainability of demand for AI chips. Investors are closely watching upcoming earnings reports from major firms like Intel and Texas Instruments to gauge the sector's future performance.