EL7.AI
StocksMedium•30 June 2026•
1 min read

Chip Stocks Head for Best Quarter Ever as Taiwan Raids Super Micro Over Nvidia Chip Smuggling

Key Facts

1Chip stocks are rallying toward their best quarterly performance ever.
2Taiwanese authorities raided Super Micro offices as part of an investigation into alleged smuggling of Nvidia chips into China.

Amid sustained AI demand driving the semiconductor sector, chip stocks are on track for their best quarterly performance ever, according to Bloomberg reports. In a separate development, Taiwanese authorities raided Super Micro offices as part of an investigation into alleged smuggling of Nvidia chips to China.

The rally follows a period of volatility: Nvidia traded at $197.84 on June 30, per market data, while peers also traded at elevated levels—AMD at $539.49 (June 29), Intel at $131.72, and TSMC at $468.44 (June 30). The sector's strength is underpinned by robust earnings expectations fueled by heavy AI infrastructure spending.

In trading, Nvidia ranged between $195.11 and $199.06 on June 30, trading at $197.84. Investors are watching the Taiwan investigation's outcome, which could disrupt supply chains. Markets also await potential new U.S. export restrictions on chips, introducing uncertainty to the rally's trajectory.