Tom Lee, managing partner at Fundstrat Global Advisors, recommends Intel and Micron as long-term structural plays driven by automation, artificial intelligence, and skilled labor shortages. Micron is viewed as a bottleneck stock trading at 4.8 to 7 times forward earnings despite its critical role in the AI supply chain. A joint report by McKinsey, SEMI, and the National Science Foundation projects a U.S. skilled semiconductor workforce shortfall of 127,000 to 157,000 positions by 2030, with 74% concentrated in manufacturing. Micron shares have fallen 33% to 41% from their June 2026 peaks, presenting what Lee considers an attractive entry point. Key risks include sector cyclicality, Intel’s manufacturing turnaround, and dependency on CHIPS Act funding for domestic expansion.
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