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US Chip Stocks Recover After Worst Week Since March
Intel, AMD, Micron, and SanDisk shares rose as US chip stocks recovered after a bad week. The SOXX chip ETF also gained. Intel CEO Lip-Bu Tan said the company was 80% through its restructuring and highlighted AI chip packaging and ASICs as potential growth drivers. The market is cautiously optimistic about the future of US chip stocks, with concerns over AI-related debt growth potentially leading to further declines.