Key Takeaways MU is benefiting from a memory market recovery as HBM demand for AI accelerators tightens supply.APH gains from rising AI data center buildouts and expanding automotive connectivity demand.NVDA remains the backbone of AI computing, with GPUs, networking and software driving growth into 2026.Semiconductor stocks have experienced a significant rally in 2025 despite a highly volatile market environment due to tariffs, inflationary pressures, high interest rates and geopolitical issues. The iShare ...