Semiconductor Stocks Surge as Trump's Tariffs Skip Sector

Group 1: Semiconductor Sector Overview - Semiconductor stocks are experiencing a rebound following President Trump's tariff update, which notably exempted the sector, providing relief to chipmakers [1] - Advanced Micro Devices Inc (AMD) and Super Micro Computer Inc (SMCI) are leading the recovery in the semiconductor space [1] Group 2: Advanced Micro Devices (AMD) - AMD's stock is up 4.4% at $97.51 but has a significant recovery path ahead, with a year-to-date loss of 22.7% and a 48.6% deficit over the last nine months [2] - The stock faced resistance around the $110.50 mark, which coincides with its 80-day moving average [2] - Citigroup has lowered its price target for AMD from $110 to $100, while the average 12-month price target remains at $144.77, indicating a potential 55% upside from the recent close [3] Group 3: Super Micro Computer (SMCI) - SMCI's stock is up 5.8% premarket at $35.08, recovering from recent tariff-related concerns, with an 8.8% gain in 2025 after ending a three-week losing streak [4] - Despite the recent gains, SMCI is facing technical challenges, with a steep 12-month loss of 64.6% [4] - Short interest in SMCI has increased by 12.9% in the last two reporting periods, with 116.19 million shares sold short, representing 22.8% of the stock's available float, indicating potential for a price surge if pessimism decreases [5]