Citi: Don't panic about the sharp decline in chip stocks, now is a good time to buy.

Citibank pointed out that although there has been a sharp decline in US chip stocks, this is mainly due to macroeconomic factors and high expectations. Semiconductors markets are still bullish, mainly because the demand for AI and storage markets remains strong. It is expected that DRAM prices will increase by 62% YoY in 2024, and Micron's performance guidance may be revised upward.

wallstreetcn00:03 ET

NXP Semiconductors Up Over 6%, on Pace for Largest Percent Increase Since November 2022 -- Data Talk

Dow Jones14:21 ET

Express News | Shares of Semiconductor and Chip Stocks Are Trading Higher Amid an Overall Market Rebound After Softer-than-expected Jobless Claims Possibly Alleviated Some US Economic Concerns

Benzinga13:14 ET

Express News | Wheels up Announces Gregory Summe to Join Board of Directors

ReutersAug 8 08:05 ET

Press Release: Wheels Up Announces Gregory Summe to Join Board of Directors

Dow JonesAug 8 08:05 ET

Express News | Shares of Semiconductor and Chip Stocks Are Trading Lower Amid Overall Weakness in Tech. The Sector May Also Be Down in Sympathy With Supermicro, Which Fell After Reporting Quarterly Earnings

BenzingaAug 7 14:25 ET