AI heavyweights in the Magnificent 7 have just seen about US$2.3t in value wiped away as investors question massive, often debt-fueled, infrastructure spending and wait for second quarter earnings to show clearer payoffs. At the same time, semiconductor stocks linked to that same AI buildout are seeing stronger interest, helped by chip supply bottlenecks, higher memory prices and solid reports from companies such as Micron. This article looks at 3 stocks from a Semiconductor Stocks screener that appear positively exposed to these trends, which may help you decide whether they deserve a closer look or a place on your watchlist.

Everspin Technologies (MRAM)

Overview: Everspin Technologies is a US based semiconductor company that designs and sells magnetoresistive random access memory (MRAM) chips and related sensors used in industrial, automotive, aerospace and data center applications where data needs to be retained even when power is off.

Operations: Everspin generates all of its US$56.9 million revenue from semiconductors, primarily MRAM products and related services.

Market Cap: US$528.5 million

Everspin Technologies provides exposure to AI driven memory demand through its MRAM products, which are designed to address persistent data and reliability needs in areas such as data centers, industrial automation and aerospace. Recent agreements with Microchip and the Amentum subcontract highlight efforts to expand onshore manufacturing and participation in government backed programs. The stock also has clear trade offs, including a relatively high P/S multiple versus estimated fair value, a recent quarterly loss despite revenue growth, meaningful insider selling and a volatile share price. For investors considering a smaller, focused memory company that may be positioned for AI related memory needs but also faces execution and funding risks, Everspin Technologies is a candidate for closer scrutiny.

Everspin Technologies sits at the crossroads of AI infrastructure, government backed manufacturing, and a rich MRAM niche, but its volatile share price and recent loss suggest a more complex story hidden in the 2 key rewards and 2 important warning signs (1 is major!)

Ichor Holdings (ICHR)

Overview: Ichor Holdings designs and manufactures the gas and chemical delivery subsystems and precision components that sit inside semiconductor manufacturing equipment, controlling the flow of critical gases and liquids for etch, deposition, cleaning and other chip making steps for leading equipment makers worldwide.

Operations: Ichor generates about US$959.3 million in revenue from semiconductor equipment and services, with sales spread across Singapore (US$451.3 million), the US (US$288.2 million), other regions (US$128.3 million) and Europe (US$91.4 million).

Market Cap: US$3.7b

Ichor Holdings gives you exposure to the AI driven capex cycle from a different angle, supplying fluid delivery subsystems and components that can benefit when chipmakers ramp DRAM, NAND and foundry capacity. Recent commentary has pointed to strong demand across market segments. The story has risks, as the company is still loss making, carries funding risk through external borrowing and has seen insider selling alongside an at the market equity program of up to US$200 million. Revenue is currently forecast by analysts to grow faster than the broader US market, with earnings expected by those analysts to improve over the next few years. With customer demand linked to AI and cloud infrastructure spending, Ichor Holdings represents a complex way to gain exposure to the semiconductor equipment cycle.

Ichor Holdings is tied to accelerating AI and cloud buildouts, yet remains loss making, with fresh equity capacity ready to tap. See how its story really stacks up in the 1 key reward and 2 important warning signs

Himax Technologies (HIMX)

Overview: Himax Technologies is a Taiwan based fabless semiconductor company that designs chips which control and process images on screens and sensors, supplying display drivers, timing controllers and smart imaging solutions used in TVs, PCs, smartphones, cars, AR glasses and other connected devices worldwide.

Market Cap: US$2.5b

Himax Technologies provides exposure to the AI hardware buildout that sits closer to everyday devices, from automotive digital cockpits and large ePaper signage to AR glasses and WiseEye smart sensing for AIoT and robotics. The company is focusing on higher value products such as automotive display ICs, co packaged optics for high speed data, and 3D sensing. Recent launches such as the T2000 Color ePaper Tcon and HE Series depth decoder illustrate how it is trying to widen its opportunity set as demand for chips stays firm. At the same time, thin margins, funding risk and exposure to cyclical consumer and auto demand mean the Himax story is not straightforward, and the balance between AI related potential and execution risk requires close attention.

Himax Technologies is pushing into higher value AI display and sensing, yet thin margins and funding questions leave key pieces off the surface story. Get the 1 key reward and 3 important warning signs

If these three semiconductor stocks caught your attention, they are just a small sample of the opportunities surfaced by the full Semiconductor Stocks screener. It highlights 39 more companies with similarly compelling narratives around AI infrastructure, chip capacity and memory exposure. Use Simply Wall St to identify, analyze and filter for the specific catalysts and stories that matter to you, so you can focus on the highest conviction semiconductor ideas in minutes.

Take Control of Your Investment Journey

If Everspin Technologies or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.