Chip stocks taking over the AI rally? Here's the script for the S&P 500 hitting 8,000!

Over the past year, the AI rally in U.S. stocks has been almost entirely dominated by NVIDIA. Many joked, "You don't need to know how to pick stocks—just buy NVIDIA." But now, a new perspective is emerging on Wall Street: the AI rally is spreading from a "single leader" to the entire chip supply chain.

Simply put, AI is still the lead role, but the supporting cast is starting to get more screen time.

Why? Because AI doesn't just need GPUs. It also needs HBM memory, advanced packaging, networking chips, power management, servers, data centers… It's like running a hot pot restaurant—you can't just have the broth; you need beef, tripe, and beer too.

The reason institutions dare to call for "S&P 500 at 8,000" is the core logic of earnings expansion. In the past, only a handful of tech giants were profitable. Now, more and more semiconductor companies are delivering earnings beats, with Samsung being the latest example.

What's even more interesting is that although U.S. stocks have seemed quiet on the surface recently, money hasn't left the market—it's rotating internally. After the AI leaders exhausted their gains, capital started searching for the "next beneficiaries." So memory, equipment, packaging, and computing infrastructure have all been repriced.

Of course, 8,000 isn't coming tomorrow. But the biggest change in the market is this: investors are starting to believe that AI isn't just a thematic hype—it's a multi-year productivity revolution.

As more and more companies boost efficiency and increase profits through AI, the index naturally gets a higher valuation foundation.

So right now, the U.S. stock market is like a relay race: NVIDIA has run the first leg, and the entire chip army is taking the baton to sprint forward.

And what Wall Street loves most is never the "story that has already run its course," but the "trend that is just beginning to spread." #Strategy上周减持3588枚BTC