Soft PPI data makes these three chip stocks worth buying

Soft July PPI data, which came in flat versus 0.2% expected, reduced expectations for a near-term Fed rate hike and helped lift the broader market, with the S&P 500 closing at a record near 7,799 and the Nasdaq rising 0.8%. The article argues that the better setup for chip investors is not just lower rates, but favorable supply-demand dynamics in memory and AI-related semiconductors. SanDisk benefits from NAND supply growth lagging demand and having capacity sold out through fiscal 2027, supporting pricing power and margins. Micron is favored because HBM production is wafer-intensive, tightening overall DRAM/NAND supply and supporting prices. Marvell is highlighted for custom AI silicon, optical interconnects, and strategic ties to Nvidia, plus structural support from its recent S&P 500 inclusion. Overall, the tone is bullish on semiconductor names that combine macro tailwinds with durable industry-specific constraints.