Shares of chip makers are surging toward their best quarter in more than two years as U.S.-China trade tensions have thawed, but they face a critical test as a trade deal is hammered out
The PHLX Semiconductor Index, which includes chip makers such as Intel Corp., Nvidia Corp. and Advanced Micro Devices Inc., has advanced 20.
5% in 2019, topping the S&P 500’s 13% rise this year and heading toward its best three-month period since the third quarter of 2016. The index is 3.8% away from its record, set in March 2018.
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