Chip Stocks Rally in AI Trade Revival | The Close 7/6/2026

Summary

A post-holiday rally in U.S. equities driven by semiconductor and AI stocks, with Samsung earnings and SK Hynix U.S. listing as key catalysts. Guests discuss market rotation, fixed-income opportunities, bank stock calls, and the outlook for AI implementation and data center buildout. The show also covers the launch of Trump Accounts, a new government-backed investment app for children.

• Semiconductor stocks rally, with the Philadelphia Semiconductor Index up sharply on the day.
• Samsung preliminary earnings and SK Hynix’s upcoming U.S. listing are focal points for the chip sector.
• Morgan Stanley’s Katerina Simonetti recommends broadening into healthcare, industrials, and materials, and selectively owning AI implementation plays in fintech and health tech.
• BlackRock’s Russ Brownback sees opportunities in emerging market debt as core inflation decelerates.
• Jefferies’ David Chiaverini gives a positive call on U.S. Bancorp, downgrades Huntington Bancshares to hold, and maintains an underperform rating on Truist.
• Bokeh Capital’s Kim Forrest is holding semiconductors, citing supply constraints that will slow data center buildout.
• Hamilton Lane’s co-CEO discusses a $3.8 billion mid-market private equity co-investment fund.
• The White House launches Trump Accounts with Robinhood and Bank of New York, providing $1,000 seed money for newborns.