Chip Stocks Hit Ceiling Amid Sector Rebound. Macom Is A Standout.

The Philadelphia semiconductor index, known as SOX, rose for a fourth consecutive day on Friday, with a new batch of chip stocks leading the charge. Macom Technology Solutions (MTSI) jumped on a fresh buy rating. On Thursday, the SOX surged 3.1%, led by chipmakers exposed to the buildout of data centers for artificial intelligence. Big gainers included Astera Labs (ALAB),…