Citibank: Peer performance reports positive signs, these three U.S. chip stocks receive favorable signals.

Citigroup stated that with the full launch of the financial report season, some preliminary data for semiconductor companies may be a good sign for AMD, Micron Technology, Inc., and NXP Semiconductors NV. Citigroup Inc. analyst Christopher Danely wrote in a report to clients, "STMicroelectronics NV ADR RegS, Texas Instruments Incorporated, and Anfini all experienced business slowdown in the beginning of the year due to tariff-related factors, but have achieved higher-than-expected growth in the automotive business in the second half of the year. We believe this is a positive sign for companies focused on the automotive sector, such as NXP Semiconductors NV." In addition, the price of DRAM chips is showing what Danely describes as a "Statue of Liberty-style rise," meaning a significant increase in recent times. DRAM spot prices have risen nearly 50% in the past two weeks. Therefore, Danely has raised expectations for Micron for the second time in two weeks. Finally, the strong performance of Intel Corporation in the recent quarter in personal computers and CPU servers should benefit AMD. He wrote, "We expect AMD to have a similar performance in its personal computer and server CPU business (which accounts for 60% of sales in the second quarter of 2025)."