The 3 Most Undervalued Semiconductor Stocks to Buy in July 2024

In addition, businesses are focused on moving AI software from data centers to PCs and using innovative packaging methods. And with AI phones, PCs and wearable gadgets, semiconductor demand is set for longterm increase. Micron Technology (NASDAQ:MU) shares are up 59% this year. But the target price of $168.88 suggests a further 29% upside. Among the primary forces driving the market are the great need for artificial intelligence (AI) chips, increasing smartphone sales and slowing down IC design inventory lo ...