Looking for the next big thing in AI and tech stocks? Check out why one supporting player might be a better pick than the usual household name.

Arm Holdings Plc. (ARM), and chipmaking companies like Taiwan Semiconductor Manufacturing Co. (TSM), Micron Technology Inc. (MU), and Intel Corp. (INTC) surged in pre-market trade on Wednesday after President Donald Trump announced the ‘Stargate Project’ worth $500 billion.

Shares of Micron (NASDAQ:MU) are down about 3.5% on the day. About This Article  Shares of Micron are down about $4.50 on the day thanks to Nvidia supplier, SK Hynix. Granted, SK Hynix did post a record quarterly profit.

Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI.

In this video, I will talk about SK Hynix's latest earnings report and how it affects companies like Micron ( MU -5.06%) and Nvidia. Watch the short video to learn more, consider subscribing, and click the special offer link below.

My bearish view on Micron has been ill-timed, as the stock has rallied hard since, prompting me to revisit my views. Explore more details here.

Risks include the cyclical nature of the semiconductor market and potential AI CapEx overbuild, but current valuations present opportunities for investors. Although earnings beat estimates, expectations came in lower than expected,

Taiwan Semiconductor Manufacturing is expecting strong demand from its customers in 2025.

Chip stocks including Nvidia and Arm fell Thursday after an Nvidia supplier, SK Hynix, spoke about uncertainty in semiconductor demand in 2025 on its earnings call.

Despite news of a new artificial intelligence (AI) initiative from the Trump administration, Micron shares were hurt by its rivals' recent earnings report. Losing memory Micron is a semiconductor firm specializing in memory,

In a report released on January 20, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Nvidia (NVDA – Research Report), with a

Although the euphoria surrounding AI seems to have lessened by now, the allure of high-quality and fundamentally strong AI-powered stocks is still strong -- on the back of strong demand for AI solutions across industries and functions.