Chip Stocks Are Now Cheaper Than the S&P 500 — Something Unseen During the Entire AI Boom
Chip stocks now trade at a 22% discount to the S&P 500, Bank of America says, after the SOX fell 38% from its June peak. SMH rebounds Friday.
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An analyst has maintained a 'Buy' rating on Lam Research while lowering the price target to $350.
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Chip stocks now trade at a 22% discount to the S&P 500, Bank of America says, after the SOX fell 38% from its June peak. SMH rebounds Friday.
U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
Lam Research Corporation's Board of Directors has approved a new $25 billion share repurchase program and declared a quarterly dividend of $0.33 per share.
Lam Research Corporation held its annual shareholder meeting, where all director nominees were elected and management provided a 2027 wafer fabrication equipment (WFE) spending forecast.
The global Automatic FOUP Opener market is projected to grow from USD 4.41 billion in 2026 to USD 6.04 billion by 2032, expanding at a CAGR of 5.36%. Growth is driven by increasing fab automation, contamination control requirements, and demand for consistent wafer handling in semiconductor manufacturing. Key trends include AI-enabled predictive maintenance, modular designs, and enhanced interoperability with factory control systems.
Intel and 10 other chip stocks, from Cerebras to Marvell, have lost more than 20% in October, yet 10 of the 11 remain up for 2026. SOXX is down 16.5%.