Global trade is picking up again, with AI hardware, semiconductors, and advanced electronics right at the center of that shift. For investors, this news event is a cue to look closely at companies that sit along these supply chains, from chip manufacturers to component suppliers and equipment makers. Some stocks could benefit from stronger export trends, inventory rebuilding, and supply chain expansion across Asia, while others may face pressure from policy risks and competition. This article highlights 3 stocks from our AI and Semiconductor Sector Stocks screener that appear positively exposed to these developments.

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Vishay Intertechnology (VSH)

Overview: Vishay Intertechnology manufactures a broad range of discrete semiconductors and passive components, from MOSFETs and diodes to resistors, inductors, capacitors, and optoelectronics, that sit inside everything from cars and factory equipment to data centers and consumer devices. Its products are sold globally to automotive, industrial, computing, telecom, aerospace, military, and healthcare customers.

Operations: Vishay’s revenue is spread across several product lines, with Resistors at about US$783.6m, MOSFETs US$662.3m, Diodes US$615.5m, Capacitors US$534.9m, Inductors US$372.5m, and Optoelectronic Components US$224.3m, while Asia contributes around US$1.3b of sales.

Market Cap: US$8.1b

Vishay Intertechnology sits in the core infrastructure of the AI and electronics boom, supplying power devices, passives, and optoelectronics that are used in data centers, smart grids, EVs, and industrial equipment. Recent commentary points to strong orders tied to AI power needs and smart grid projects across regions. At the same time, heavy capacity spending and still-low margins leave little room for error if demand slows or efficiency gains lag, and reliance on more traditional components keeps the company exposed to technology shifts. With analysts expecting strong revenue and earnings growth and the stock trading on a relatively modest P/S multiple against peers, a key consideration is whether its Vishay 3.0 transformation can turn today’s order momentum into durable, higher-quality cash flows.

Vishay’s AI power and smart grid exposure looks like it could be only part of the story. Capacity spending, margins, and valuation are intersecting in ways that the DCF valuation analysis for Vishay Intertechnology only starts to explain.

Nova (NVMI)

Overview: Nova supplies metrology and process control systems that help chipmakers measure and monitor every tiny layer and structure during semiconductor production, supporting advanced logic, memory, and packaging used in AI and other complex electronics.

Operations: Nova generates about US$902.5m in revenue from semiconductor equipment and services that support process control across key chip manufacturing steps.

Market Cap: US$18.5b

Nova sits at the heart of the AI semiconductor build out, as its tools help chip manufacturers keep yields high when devices become more complex and manufacturing steps multiply. Earnings grew 24.5% over the past year and analysts expect revenue and earnings growth to run ahead of the broader US market, although the current P/E around 70x and a DCF value well below the share price point to rich expectations. The company is leaning into this AI driven demand with new facilities and products. However, investors also need to weigh high reliance on external funding and customer concentration in advanced nodes. The open question is whether Nova’s metrology intensity and recurring services can justify those expectations over time.

Nova’s AI metrology story is accelerating, yet that 70x P/E suggests expectations most investors have not fully unpacked. See how the analyst forecasts for Nova stack up against the risks management is quietly flagging.

Seagate Technology Holdings (STX)

Overview: Seagate Technology Holdings provides data storage hardware and infrastructure, including HDDs, SSDs and external drives for PCs, gaming and video, as well as large scale systems and its Lyve edge to cloud platform that support data center and AI workloads worldwide.

Operations: Seagate generates about US$11.0b in revenue from manufacturing and distributing storage solutions, with sales concentrated in the United States at roughly US$5.4b and Singapore at about US$4.5b, plus smaller contributions from the Netherlands and other regions.

Market Cap: US$210.6b

Seagate sits at the point where the AI trade boom turns into hard demand for storage, with cloud and data center customers driving mass capacity HDD and SSD sales. Recent results show data center revenue at about 80% of the business, alongside strong free cash flow and sizable debt reduction. At the same time, the stock carries a very high P/E, heavy use of borrowing and competition from SSD and NAND technologies, so expectations leave little room for execution missteps or a pause in AI infrastructure spending. For investors, the central question is whether HAMR Mozaic drives, supply discipline and long term AI storage demand can justify that rich risk reward balance and the analyst targets clustered around the story.

Seagate’s rich P/E and heavy AI storage exposure hint that the usual metrics may not tell the full story yet. See how the analyst forecasts for Seagate Technology Holdings could reshape that risk reward picture just as expectations peak

The three stocks covered here are only a starting point, with the full AI and Semiconductor Sector Stocks screener surfacing 33 more companies that each carry their own AI and semiconductor story. Use Simply Wall St to identify and analyze the specific catalysts, financial traits, and narratives that matter most so you can focus on the highest conviction ideas in this theme.

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Seeking Alternatives Before Momentum Flies

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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.