Chip stocks are like vortexes sucking up all the money

So far this year, if you aren't in chip stocks then you've missed out. In the nasdaq 10 out of 10 top gainers for the year are chip stocks. For the s&p500 it's a similar story with 4/5 of the top gainers being chip stocks. And this isn't just a simple, oh yeah these companies are up 10-20% the past couple of months. These are outrageous, monstrous moves where massive gains that usually take years to happen happen in weeks to months. Sandisk is up 500% so far this year, intel is up 200%, micron is up close to 150%, amd over doubled in value and so on and so forth. And these gains aren't without reason. These companies will print money this year, and the next one too probably. The demand is incredible, and it's real. There's only so much liquidity in the market. Money rotating into chip stocks means money leaving somewhere else. One key area where this is immediately noticeable is software which has been left for dead. Now the question is: are we at peak euphoria? Are all the hyperscalers going to keep spending this capex for many more years to come? Is this sustainable?