Svmuu News: The Kobeissi Letter posted on X, stating that chip stocks have become the new leading sector in this U.S. stock market bull run. Although many stocks in the “Magnificent Seven” have fallen more than 20% from their recent highs, the semiconductor sector has taken over as the market’s leading sector.In fact, eight of the top 10 best-performing stocks in the S&P 500 this year are from the chip industry. As large-cap tech stocks regain their dominance in the market and the semiconductor sector remains strong or consolidates at high levels, the S&P 500 is poised to break through the 8,000-point mark.