Ceaseless demand and structural supply constraints have pushed the stock market prices and profits of chipmakers like Nvidia to the moon. Can this continue? MIAMI, Florida: Semiconductors are pulling ahead of everything else in the stock market, including the vaunted hyperscalers that helped drive extraordinary returns from 2022 through 2025. The divergence is part of a high-stakes tussle among investors to pick the winners and losers of the artificial intelligence revolution. In recent months,