Fed commentary could give a further shot in the arm to AI names that have been market leaders, but the broader semiconductor sector still faces challenges and skepticism.

Shares traded to their lows below $20 and near their tangible value weeks ago after the company missed its earnings targets and lowered its outlook for 2025. Still, funds from the CHIPs act and a management team that is dedicated to bringing chip manufacturing to the United States have bolstered shares of late.