# The PHLX Semiconductor Index just reached its highest level since March 2000.

*semiconductor · news · 2026-05-08 · Benzinga*

## Key points

- The PHLX Semiconductor Index hit its highest level since March 2000, up 50% in 25 days.
- Broadcom has quietly become a key AI infrastructure provider and SOXX's second-largest holding.
- Michael Burry has placed a major bearish bet against SOXX, expecting a 35% decline by 2027.
- Bernstein set a $525 price target for AMD, a 20.6% premium over current levels.

**Companies:** Nvidia, Broadcom, Advanced Micro Devices
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/opinion/26/05/52422038/semiconductors-just-hit-a-25-year-high-and-these-three-stocks-still-have-room-to-run)

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