On June 2, iShares Philadelphia Semiconductor ETF rose 5.01% in regular trading, trading at $600.34/share, with trading volume of $2.083 billion.

On the news front, the global semiconductor sector continued its strong upward momentum driven by multiple catalysts. Samsung Electronics announced it has begun delivering the industry-first 12-layer HBM4E samples to major global customers, while SK Hynix also hit new highs. Goldman Sachs issued a deep-dive report stating that the current memory upcycle is structurally different from prior cycles, as AI-driven demand persistence, constrained supply growth, and long-term agreements (LTAs) are transforming memory from a highly cyclical commodity into a predictable-earnings AI infrastructure sector.

Additionally, Micron CEO Sanjay Mehrotra warned that global memory shortages could extend beyond this year, with meaningful new capacity not arriving until 2028. UBS raised its Micron target price from $535 to $1,625, citing the structural shift toward fixed-pricing LTAs. Marvell Technology also lifted its revenue outlook, raising optical interconnect growth expectations from 50% to 70% on accelerating AI orders.

The fund generally invests at least 80% of its assets in the component securities of the Philadelphia Semiconductor Index and in investments with substantially identical economic characteristics.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)