# U.S. equities rallied strongly this month, with the benchmark S&P 500 Index heading for its strongest monthly performance since November 2020.

*semiconductor · news · 2026-04-29 · Benzinga*

## Key points

- Semiconductor stocks have surged 37.2% month-to-date, driving the S&P 500 rally.
- The Philadelphia Semiconductor Index achieved an 18-session winning streak, its longest ever recorded.
- April's S&P 500 performance is its strongest since November 2020, rising over 9%.
- Intel, SanDisk, and AMD lead the rally, each with momentum scores above the 95th percentile.
- The S&P 500 has already set 10 all-time highs in 2026, reversing March's sharp decline.

**Companies:** Intel, Advanced Micro Devices, SanDisk
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/04/52124011/sp-500-eyes-best-month-since-2020-and-these-3-chip-stocks-are-leading-the-charge)

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