Chip stocks rose on Monday. Intel up 8.2%; AMD up 4.6%; SOXL up 3%; Marvell up 2.5%; ARM Holdings, Micron up over 1%.

Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters, in a sweeping bid to revive the ailing technology giant.

Mizuho Securities recently reaffirmed its Buy rating on AMD stock while lowering the price target from $140 to $120. Four-star-rated analyst Vijay Rakesh acknowledged challenges in the AI market due to Nvidia’s dominance but highlighted AMD’s potential growth in the traditional server and PC sectors.

On the other hand, J.P. Morgan, Citi, and Bernstein maintained their Hold ratings on AMD stock earlier this month. Nonetheless, J.P. Morgan’s top-rated analyst Harleen Sur highlighted that the company’s well-rounded and diverse portfolio in data center, enterprise, and client computing will be a key driver of growth in 2025. This growth will be fueled by market share expansion, improving demand trends, and increasing adoption of its next-generation AI computing solutions.

Micron Technology stock could rise amid pricing recovery for certain types of computer memory, an analyst argued, though he anticipates the chip company to post a guidance miss later this week.

Citi analyst Christopher Danely reiterated a Buy rating and $150 price target on Micron shares in a research note. The stock was down 0.4% to $100.35 in premarket trading, with Danely's price target suggesting 49% upside.