Chip stocks led a year after past selloff lows
Average return from the five most recent degrossing troughs, measured from S&P 500 closing lows (Dec 24, 2018, Mar 23, 2020, Oct 12, 2022, Aug 5, 2024, Apr 8, 2025)
Silvia Insights research desk
On average, the chip names gained more than Microsoft, Amazon and Alphabet in the year after five S&P 500 closing lows chosen after the fact.
From the five S&P 500 closing lows used in the report (December 24, 2018 through April 8, 2025), Nvidia and AMD both averaged about +80% over the next six months.
Micron averaged about +158% over twelve months, the largest twelve-month figure in the set; one outsized gain after the April 2025 low drives that figure, and Micron's median was about +91%.
Broadcom averaged about +108% at twelve months. Microsoft, Amazon and Alphabet lagged the chips on both horizons.
This chart comes from a Silvia Insights research report. Members received the full report last week.
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Research is for informational purposes and does not constitute personalized investment advice.
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