It's easy to get skittish about the tech sector amid recent talk of slowing AI development and OpenAI scrapping the launch of its latest model due to safety concerns. AI demand has driven much of the sector's growth in recent years, after all. Still, talk of an AI slowdown doesn't necessarily mean that semiconductor demand overall will also decline—some parts of the industry are more exposed to AI infrastructure spending than others.
Further, AI-related capital spending on hardware may remain elevated even if technological growth moderates. In this environment, those semiconductor makers with multiple growth drivers could stand out, alongside critical networking and connectivity firms, major foundries, and others.
