Chip Stocks to Buy After Their Worst Day Since June

The semiconductor index fell 6.7% on Oct. 22, its worst day since June, with major chip stocks declining sharply. However, the sell-off appears to be a buying opportunity, as the decline was triggered by supply constraints rather than weak demand. Lam Research reported record revenue and expects industry equipment spending to exceed $200 billion by 2027. Micron, AMD, and Marvell all maintain positive outlooks despite the stock price declines, with none cutting guidance.