Semiconductor stocks have demonstrated strong performance in recent trading sessions, with notable gains across major industry players. The VanEck Semiconductor ETF ($SMH) has reached its highest levels since January 2025, closing above 260, signaling a bullish trend. Leading contributors to this rally include Nvidia ($NVDA), Taiwan Semiconductor Manufacturing Company ($TSM), Broadcom ($AVGO), and Advanced Micro Devices ($AMD). ASML Holding ($ASML) shares have surpassed their 200-day and 21-day moving averages, approaching a key resistance level around $780, which could open the door for further upside. AMD has hit a 13-week high and is testing the 200-day moving average near $125, representing a 63% gain from April lows, though it faces potential resistance at this level. Intel ($INTC) has also experienced a surge, possibly driven by pre-tariff buying ahead of the US's 145% tariff on Chinese goods that took effect in April 2025. Other semiconductor stocks such as Micron Technology ($MU), Marvell Technology ($MRVL), KLA Corporation ($KLAC), and Lam Research ($LRCX) have participated in the upward momentum. The sector's strength is reflected in the SPX index, where eight of the twelve stocks making new three-month relative highs are semiconductor companies, including Nvidia with its highest relative strength since January. Market participants continue to monitor these developments as the semiconductor industry shows signs of sustained recovery and investor interest.