Odaily Planet Daily report: The Kobeissi Letter released data analysis on X, showing that the semiconductor sector's weight in the U.S. stock market has continued to rise, now accounting for approximately 18.8% of the S&P 500's total market capitalization—a record high. This figure has more than tripled since 2022, while the semiconductor index SOX has risen approximately 546% over the same period, highlighting the sector's prominent leadership in this tech cycle.
Compared to historical levels, the current weight of semiconductors in the S&P 500 has surpassed half of the peak level seen during the 2000 internet bubble, reflecting a clear structural increase in their share. The U.S. equity market continues to concentrate toward the AI and semiconductor supply chains, with technology stocks exerting an influence on the overall index at historically extreme levels.