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Chip stocks have bounced sharply off their first-quarter lows, and they just had their best quarterly performance since the tech bubble in the early 2000s.
The VanEck Vectors Semiconductor ETF, which tracks the 25 biggest chipmakers, is up almost 30% from March to June, marking its best quarter since the fourth quarter of 2001 when the exchange-traded fund gained 41%.
While semiconductor stocks were impacted by the supply-chain disruptions from the pandemic, they have shown resilience this year as Wall Street largely remained bullish on the adoption of 5G and the secular growth in the industry. Here are the stocks leading the way.