The super bull market for US semiconductor stocks will continue until 2029. Semiconductor companies, with their insanely unbeatable performance and the universe's most mind-blowing profit margins, have a super-strong immunity to external disruptions. Even hypothetical rate hikes (which actually won’t happen), or even if they hike twice, it won’t make a difference—stock prices will keep soaring. Real, no-turning-back capital expenditures are being poured into data center infrastructure, with solid orders and solid performance, crushing all the bearish narratives out there.