We’ve put together a list of the 15 semiconductor stocks bouncing back after the DeepSeek AI dip. Today, we’ll see how Micron Technology, Inc. (NASDAQ:MU) measures up against its peers.
The semiconductor industry is a hotbed of tech advancement. Recently, it’s become a fierce competition, especially between the US and China. Both nations are racing to take the lead in artificial intelligence while also trying to hinder each other’s progress.
For instance, the US has imposed strict export rules, limiting semiconductor technology sales to China. Many US companies have faced declining sales in China because of these restrictions. In response, China is striving to develop its own competitive technologies.
The introduction of DeepSeek AI in late January was eye-opening for the US. China reportedly built its latest AI model at a much lower cost than US companies. While the accuracy of this claim can be debated, it highlights China’s growing capabilities in tech.
After the DeepSeek AI news broke, many semiconductor stocks took a hit. However, just two weeks later, some stocks started to recover. This recovery reassured investors about America’s continuing tech leadership. So, we looked into which semiconductor stocks were on the mend after the DeepSeek dip.
To make our list of 15 recovering semiconductor stocks, we focused on those with market caps over $10 billion that outperformed the S&P 500 during the last five trading days.
Micron Technology, Inc. (NASDAQ:MU) specializes in memory and storage solutions. It operates in various sectors, including storage, mobile, and computing. The company sells through distributors, direct sales teams, retailers, and independent representatives. Recently, its stock rose 6.78%, while the S&P 500 gained only 1.13%, indicating strong performance this year, especially in the latter half.
Micron faced tough times after giving a disappointing forecast for the second fiscal quarter in December. Since then, the stock has experienced volatility, offering some buying chances. As the Q2 earnings approach, the stock is gradually recovering toward its December highs.
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Disclosure: This article was originally published by Insider Monkey.
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Micron Technology, Inc., semiconductor industry, Semiconductor Stocks, AI stock, China, technological development, Impressive Comeback
