Semiconductor Stars|Will INTC, TXN, RMBS, MCHP& MU Extend Momentum?

The semiconductor sector rose an average of ~1.81% at the January 28, 2026 ET market close, primarily driven by strong earnings beats and upbeat 2026 guidance from $ASML Holding NV(ASML)$ and $SK Hynix, Inc.(HXSCL)$ , combined with reports that China approved $NVIDIA(NVDA)$ 's H200 AI chip sales, boosting AI demand optimism across the supply chain.

The S&P 500 $S&P 500(.SPX)$ briefly surpassed the 7000 threshold during Wednesday's session, but ultimately ended the day near flat.

The best-performing concepts is Semiconductors. Considering the different perceptions of the stock, this time TigerPicks chose $Intel(INTC)$ $Texas Instruments(TXN)$ $Rambus(RMBS)$ $Microchip Technology(MCHP)$ $Navitas Semiconductor Corp(NVTS)$ $First Solar(FSLR)$ $Micron Technology(MU)$ $Monolithic Power(MPWR)$ $Allegro MicroSystems, Inc.(ALGM)$ $Tower Semiconductor(TSEM)$ to have a fundamental highlight to help users understand it better.

1. $Intel(INTC)$ +11.04%

Reports of $NVIDIA(NVDA)$ planning to use Intel's foundry for its next-gen "Feynman" GPU, plus $Apple(AAPL)$ considering Intel for entry-level processors to diversify from $Taiwan Semiconductor Manufacturing(TSM)$ .
Insider buying by CFO David Zinsner via open-market purchase, signaling internal confidence.
Tigress Financial raised price target to street-high $66, citing AI data center tailwinds, 18A process progress, and AI PC refresh potential.

2. $Texas Instruments(TXN)$ +9.94%

Rosy Q1 2026 guidance ($4.5B revenue midpoint, first sequential growth in years) despite Q4 miss, highlighting expanding AI data-center demand for analog/power chips.
Data center orders surged 70% year-over-year, turning it into a major growth engine beyond Nvidia's high-end focus.
Analyst upgrades and target hikes (e.g., Rosenblatt to $240) on early signs of chip cycle recovery and improving industrial momentum.

3. $Rambus(RMBS)$ +7.54%

Spillover from sector-wide AI memory demand rally boosting high-performance interfaces and interconnects.
Analyst target raises (e.g., Evercore to $126, Wells Fargo to $115) and strong Buy consensus ahead of earnings momentum.

4. $Microchip Technology(MCHP)$ +6.81%

Bank of America upgrade to Buy from Neutral, citing early analog chip market recovery and rebounding demand from industrial, data centers, aerospace, and autos.
Broader sector optimism amplifying exposure to stabilizing inventory and growth segments.

5. $Navitas Semiconductor Corp(NVTS)$ +6.59%

Tailwinds from surging AI data-center power needs favoring GaN/SiC technology in high-power applications.
Sector rally lifting niche power semiconductor plays amid broader AI infrastructure momentum.
High trading volume reflecting speculative interest in AI-related power efficiency gains.

6. $First Solar(FSLR)$ +6.11%

Analyst upgrades and price target hikes (e.g., Robert W. Baird to $264) on positive renewable sentiment.
Broader clean energy sector strength amid data center power expansion, and momentum from AI-driven energy infrastructure demand boosting solar panel needs.

7. $Micron Technology(MU)$ +6.10%

Mizuho analyst raised price target to $480 on exploding NAND prices due to AI-driven shortages and supply constraints.
Continued surge in high-bandwidth memory (HBM) demand for data centers, with capacity sold out through 2026.

8. $Monolithic Power(MPWR)$ +6.05%

Broad semiconductor rally fueled by ASML's earnings beat and strong 2026 outlook.
Company-specific guidance for 30-40% enterprise data growth in 2026 from AI/power management demand.

9. $Allegro MicroSystems, Inc.(ALGM)$ +5.79%

Sector rally spillover with UBS and BofA target hikes (to $40/$39) on improving outlook.
Moderate Buy consensus rating amid positive analyst sentiment.
Broader chip demand recovery lifting automotive and industrial sensor exposure.

10. $Tower Semiconductor(TSEM)$ +4.76%

Momentum from silicon photonics and RF infrastructure demand growth (e.g., 70% YoY photonics).
High trading volume and foundry/specialty chip optimism in the AI rally.
Analyst target increases (e.g., Barclays to $97) on capacity expansion and partnerships.

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China Clears Nvidia H200!! Can Nvidia Reclaim $200?

China has reportedly approved the import of a first batch of Nvidia’s H200 AI chips, totaling tens of thousands of units, to be allocated to three major Chinese tech firms. The move eases recent approval bottlenecks and revives confidence in near-term demand visibility for NVIDIA’s data-center lineup. Does H200 clearance mark a broader reopening of China-bound AI chip flows?

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