Chip Stocks on Track for Best Quarter Ever | Bloomberg Tech 6/30/2026

• The Philadelphia Semiconductor Index (SOX) is up 86% in the last three months, marking its best quarter on record, fueled by AI infrastructure spending.
• Despite the rally, investors are concerned about market volatility and the long-term durability of the AI boom, questioning how long current capital expenditure levels can last.
• Taiwanese authorities raided Super Micro Computer Inc. offices as part of a probe into alleged smuggling of Nvidia chips to China, impacting Super Micro's stock.
• US lobbying firms are cutting ties with major Chinese tech companies like Alibaba and Tencent due to new US restrictions, forcing them to choose between Chinese clients and US defense contractors.
• A mix-up reportedly cost Korean investors a shot at the SpaceX IPO, and Bloomberg Intelligence projects an 800% revenue surge for SpaceX by 2030, though its valuation is seen as stretched.

The video discusses a historic rally in chip stocks, with the Philadelphia Semiconductor Index (SOX) on track for its best quarter ever, driven by AI infrastructure spending. However, concerns about market volatility and the sustainability of the AI boom are highlighted. Geopolitical tensions are also a focus, with Taiwan raiding Super Micro offices over alleged Nvidia chip smuggling to China, and US lobbying firms cutting ties with Chinese tech giants.