{"id":94598,"date":"2026-07-22T06:37:27","date_gmt":"2026-07-22T06:37:27","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/94598\/"},"modified":"2026-07-22T06:37:27","modified_gmt":"2026-07-22T06:37:27","slug":"amd-micron-sk-hynix-climb-as-semiconductor-complex-attempt-recovery-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/94598\/","title":{"rendered":"AMD, Micron, SK Hynix climb as semiconductor complex attempt recovery"},"content":{"rendered":"\n

What happened: Semiconductor stocks edged on Monday before paring gains as the PHLX Semiconductor Index (^SOX<\/a>) attempted to recover from a 9% slide last week. <\/p>\n

AI chip heavyweight Nvidia (NVDA<\/a>) rose more than 2% before trimming gains, while AMD (AMD<\/a>) jumped 2% on analyst price target calls. Broadcom (AVGO<\/a>) and Intel (INTC<\/a>) also gained on Monday. Marvell (MRVL<\/a>) and Qualcomm (QCOM<\/a>) also rose, reversing Friday’s losses. <\/p>\n

Memory and storage leaders Micron Technology (MU<\/a>) and SK Hynix (SKHY<\/a>) jumped, as did Sandisk (SNDK<\/a>). Among the semiconductor equipment makers, ASML (ASML<\/a>), Applied Materials (AMAT<\/a>), and Lam Research (LRCX<\/a>) edged higher before giving up gains. <\/p>\n

What’s behind the move: Chipmaker AMD was selected as a “top pick”<\/a> by Rosenblatt, which raised its price target on the stock to $665 from $490. UBS analysts also raised their price target on the stock to $700, maintaining a Buy rating ahead of the chipmaker’s annual AI conference this week. <\/p>\n

Despite the semiconductor pullback, Wall Street sees the AI trade intact with the semiconductor index 20% decline over the past month signaling “a positioning unwind following a 90% year-to-date rally,” according to UBS analysts. <\/p>\n

JPMorgan strategists also noted oversold conditions for the space. <\/p>\n

“We think that semis will find a floor soon on continued strong earnings delivery,” JPMorgan strategist Mislav Matejka said in a note on Monday. <\/p>\n

“Our view is that fundamentals will likely remain constructive, as meaningful supply additions are not due before 2028,” Matejka said. <\/p>\n

What else you need to know: Monday’s rebound in chip stocks comes as investors weigh the risks of growing global competition from Chinese startups such as\u00a0Moonshot, which unveiled Kimi K3<\/a>, a model that runs at a much lower cost than US models. <\/p>\n

China’s growing ecosystem of open-weight AI models, which enterprises can download, fine-tune, and run on their own infrastructure, calls into question US valuations, particularly after the US withdrew Anthropic’s (ANTH.PVT<\/a>) Fable and Mythos models over security concerns. <\/p>\n

“The immediate market reaction \u2014 pressure on AI and semiconductor names \u2014 reflects a reassessment of whether the industry’s current capex trajectory is sustainable if similar performance can be delivered more cheaply,” Deutsche Bank analysts wrote on Monday. <\/p>\n

Artificial intelligence costs have been rising. Taiwan Semiconductor Manufacturing Company (TSM<\/a>) last week guided to higher-than-anticipated capital expenditures, in part due to higher tool prices. <\/p>\n

Investors will be eyeing Alphabet’s (GOOG<\/a>, GOOGL<\/a>) quarterly results this week for clues on its continued AI infrastructure spending, as well as any commentary on the tech giant’s own AI models. <\/p>\n","protected":false},"excerpt":{"rendered":"What happened: Semiconductor stocks edged on Monday before paring gains as the PHLX Semiconductor Index (^SOX) attempted to…\n","protected":false},"author":2,"featured_media":94599,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[18184,3534,48505,642,241,275],"class_list":["post-94598","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk-hynix","tag-asml","tag-micron-technology","tag-phlx-semiconductor-index","tag-semiconductor","tag-sk","tag-sk-hynix"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/94598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=94598"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/94598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/94599"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=94598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=94598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=94598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}