With earnings season in full swing, some early takeaways from semiconductor companies may bode well for AMD (NASDAQ:AMD), Micron Technology (NASDAQ:MU) and NXP Semiconductors (NASDAQ:NXPI), Citi said.
“STM, TXN, and APH all experienced higher than expected growth in the Automotive business after a slowdown earlier in the year following tariff-related pull-ins,” Citi analyst Christopher Danely wrote in a note to clients. “We believe this bodes well for automotive oriented companies such as NXPI.”
Additionally, dynamic random access memory pricing is doing what Danely called a “Statue of Liberty move,” in that it has surged recently. The spot price for DRAM is up almost 50% in the past two weeks. As such, Danely upped his estimates for Micron for the second time in two weeks.
Lastly, the PC and CPU server strength seen by Intel (INTC) in its most recent quarter should bode well for AMD, Danely added. “We expect AMD to report similar strength in their PC and Server CPU businesses (combined 60% of 2Q25 sales),” he wrote.
