The renewed interest in the semiconductor sector is mixed. Shares of Arm Holdings (ARM) gained 11.27% to close at $380.81. It bounced from the $300 consolidation zone despite no fundamental news.
ARM stock benefited from a bullish note from BofA on June 3. Following Computex, BofA said that Arm’s AGI CPUs would help the agentic AI infrastructure market. Arm also joined the AGI CPU ecosystem through Oracle (ORCL) Cloud Infrastructure.
Last week, Oracle (ORCL) stock lost 13.83%. Shares sold off from the pre-earnings peak of around $250. An increase in raising debt to buy more AI hardware spooked Oracle shareholders.
Mosaic (MOS) bounced from the $20 low to close at $22.69. It gained 7.6% on June 12 despite posting no news. Valuations are compelling at a forward P/E of 27.5 times. Last month, the Federal Trade Commission opened an antitrust investigation into rising fertilizer prices.
MOS stock is on a year-long downtrend, peaking at $38.23. The FTC might not find the firm guilty of any antitrust activity.
Albemarle (ALB), a lithium producer, gained nearly 10% last week. Last month, the firm recorded a large $820 million charge. It booked costs related to closing an Australian unit. The Kemerton lithium hydroxide refinery lost money for several years.
Investors might also consider LyondellBasell (LYB), Sociedad (SQM), and Sigma Lithium (SGML).
