Investor Ross Gerber said Tuesday that those selling semiconductor stocks were focusing on the short term, calling the recent pullback “a gift” for long-term investors ahead of South Korea’s chipmaker SK Hynix‘s $29 billion U.S. listing later this week.
Gerber Calls Chip Stocks ‘Least Expensive’ In The Market
“People selling chip stocks seem to be captured by very short term thinking,” Gerber said in a post on X.
The Gerber Kawasaki CEO called semiconductor companies “some of the least expensive stocks in the market” and described the recent weakness as “a gift for those who want to retire.”
He picked out NVIDIA Corp. (NASDAQ:NVDA), Micron Technology Inc. (NASDAQ:MU) and Broadcom Inc. (NASDAQ:AVGO), three companies at the center of the artificial intelligence infrastructure buildout, as stocks he believes were attractive following the recent pullback.
People selling chip stocks seem to be captured by very short term thinking. These are some of the least expensive stocks in the market. A gift for those who want to retire. $mu $nvda $AVGO
— Ross Gerber (@GerberKawasaki) July 7, 2026
Shares of Nvidia have climbed 4.28% year-to-date and 24.45% over the past year, while Micron has soared 197.50% so far this year and 682.51% over the past year.
Year-to-date, Broadcom has gained 6.66% and has risen 35.23% over the past 52 weeks.
Chip Stocks Extend Multi-Week Pullback
Semiconductor stocks have been under pressure for the past several weeks after a sharp rally in AI-related names pushed valuations higher, with investors increasingly taking profits across the sector.
The latest leg of the selloff came Tuesday after Samsung Electronics Co. Ltd shares fell nearly 7% despite reporting record preliminary earnings, with investors focusing on guidance that met, but did not exceed market expectations.
The weakness spread across memory stocks in Asia and the U.S., weighing on companies including Micron, Sandisk Corporation (NASDAQ:SNDK) and Western Digital Corporation (NASDAQ:WDC).
SK Hynix Listing Keeps AI Sector In Focus
The sector remains in focus ahead of SK hynix’s planned $29 billion Nasdaq listing on Friday, which is expected to rank among the largest U.S. listings by a foreign company.
The South Korean memory chipmaker is a key supplier of high-bandwidth memory chips used in Nvidia’s AI processors.
Price Action: Shares of Micron fell 4.71% on Tuesday at $938.38 and extended those losses to fall 2.51% in after-hours trading.
Benzinga edge rankings indicate MU has a Momentum score in the 99th percentile and a Growth score in the 84th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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