Buy The Dip On These 10 Semiconductor Stocks Tumbling On China H20 Chip Sale Ban

2. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. is a developer, designer, manufacturer, and supplier of storage and memory products. It operates in embedded business unit, compute & networking business unit, storage business unit, and mobile business unit segments.

Earlier this year, Micron became a key supplier for the RTX 50 Blackwell GPUs. There is a realization that memory is a bottleneck for faster data processing, so any improvement in bandwidth will be a positive for the memory makers like Micron. Google just confirmed that its latest hypercomputers will run on its tensor processing units, which are memory-intensive. Micron stock shot up after this news, which confirms how the company is ideally placed to benefit from such developments.

Having said all that, the cyclical nature of the sector and the fear of tariffs and trade war mean the stock has significantly underperformed in the last year, down 41% during that period. There are reasons to believe this will change. The high-bandwidth memory is by far the strongest tailwind for the company. Even though it looks like Donald Trump’s tariffs are negatively impacting the sector, we believe this is a buying opportunity as, sooner or later, Micron will be protected by the same administration owing to its critical position in the semiconductor supply chain.