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Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New York

Biden announces preliminary deal with Micron for up to $6.14 billion in chip grants

Biden celebrates computer chip factories, pitching voters on American 'comeback'

Biden has a favorite stop when he hits the road: Chipmaking plants

Micron Gets $6.1 Billion to Build Three New Facilities

Why BigBear.ai, Super Micro Computer, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Surged on Tuesday

Micron Technology Stock Has 37% Upside, According to 1 Wall Street Analyst

Top 5 U.S. Giants at Lucrative Valuations Amid April Turmoil

Time to Cash Out? 3 Overvalued Tech Stocks to Dump Before the Selloff

Why Micron Technology (MU) Shares Are Sliding Today

AI investments will help chip sector to recover: Analyst

The semiconductor sector is undergoing a correction as interest rate cut expectations dwindle, prompting concerns about the impact on these high-growth, technology-driven stocks. Wedbush Enterprise Hardware Analyst Matt Bryson joins Yahoo Finance to discuss the dynamics shaping the chip industry. Bryson acknowledges that the rise of generative AI has been a significant driving force behind the recent success of chip stocks. While he believes that AI is shifting "the way technology works," he notes it will take time. Due to this, Bryson highlights that "significant investment" will continue to occur in the chip market, fueled by the growth of generative AI applications. However, Bryson cautions that as interest rates remain elevated, it could "weigh on consumer spending." Nevertheless, he expresses confidence that the AI revolution "changing the landscape for tech" will likely insulate the sector from the effect of high interest rates, as investors are unwilling to miss out on the "next technology" breakthrough. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

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