After a tough 2023, the semiconductor market has been recovering strongly, driven by rising demand across various industries and the excitement around artificial intelligence (AI). The Semiconductor Industry Association (SIA) reports that global semiconductor sales grew in July for the fourth straight month, with the Americas seeing a notable 40.1% annual sales increase. Despite the strong fundamentals, the PHLX Semiconductor Index ($SOX) has corrected by 10% over the past five days, hit by skepticism about slowing AI investments and economic troubles in China. Still, brokerage firm Citi is up…