JPMorganhosted 13 semiconductor, semiconductor capital equipment, and chip design/EDA/IP companies at their 52nd annual Global Technology, Media, and Communications Conference in Boston this week.

The key takeaway? The semiconductor industry is entering the early stages of an upcycle, driven by broad-based cyclical improvements and strengthening AI demand.

Here's what investors need to know.

Early Stages of Semiconductor Upcycle

The semiconductor industry is showing signs of entering a new upcycle. Presenting companies expressed optimism about their revenue prospects for the second half of the year. They include:

• Advanced Micro Devices Inc(NASDAQ:AMD)
• GlobalFoundries Inc(NASDAQ:GFS)
• Microchip...