Aside from the explosion in demand for data center chips designed for artificial intelligence (AI) workloads, most segments of the semiconductor industry have struggled this year. 

Elevated inflation and rising interest rates have crushed demand in the personal computing and gaming categories, for example, leaving some leading chipmakers with very little revenue growth. But there are signs the worst might be over -- Micron, which produces memory and storage chips, told investors last month that pricing and inventory levels have likely bottomed out, which could drive a recovery across the industry. 

That might be great news for Advanced Micro Devices (NASDAQ: AMD) and Axcelis Technologies (NASDAQ: ACLS), which report their latest quarterly financial results in the next few weeks. Here's why investors might want to buy shares in both companies this month.

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Source Fool.com