Tom Lee Highlights $INTC and $MU as Key Beneficiaries of Automation and Global Labor Shortages

Fundstrat Head of Research Tom Lee has framed semiconductor equities Intel ($INTC) and Micron Technology ($MU) as core plays addressing structural macroeconomic challenges, tying the sector's setup to a broader purchasing managers' index (PMI) recovery, artificial intelligence demand, and tightening labor markets.
According to Lee, Intel serves as a strategic addition that leverages an expected PMI recovery while directly addressing automation needs driven by the global labor shortage. Meanwhile, Micron captures a distinct style tilt within the market, positioning itself as both an essential AI infrastructure bottleneck play and a direct beneficiary of the push toward workplace automation and labor replacement.