📊Executive Summary

The semiconductor sector experienced significant growth in May, with the iShares Semiconductor ETF (SOXX) rising 23%. This increase was driven by strong earnings reports and ongoing shortages in memory chips and CPUs. Micron's stock surged due to expectations of a prolonged memory shortage, potentially lasting until 2029. AMD also saw substantial gains following a strong earnings report. However, a recent earnings report from Broadcom caused a temporary decline in the SOXX, highlighting potential volatility in the sector. The overall positive sentiment in the semiconductor market suggests continued growth, but procurement teams should remain vigilant regarding supply constraints and pricing pressures....