Micron, Intel and other chip stocks are furthering their strong comebacks
Why now
Thesis: Easing AI-spend and rate fears restore semis multiples.
Catalyst to watch: Strong comebacks in chip stocks.
Main risk: Drawdown in semis.
Why it matters
Easing AI-spend and rate fears can restore multiple expansion in semis after a drawdown.
Details
Investor fears about an AI spending slowdown and the impact of rate hikes are subsiding.
Related assets & topics
Intel · INTCMicron · MUNVIDIA · NVDASemiconductors ETF · SMHiShares Semiconductor ETF · SOXXSources
- marketwatch · 2026-09-17 15:22 UTC