By Medha Singh, Amanda Cooper and Harry Robertson LONDON/MILAN (Reuters) - Chip stocks in the U.S. and Europe rose on Wednesday for a second straight day, recovering from a punishing selloff triggered by China's low-cost DeepSeek artificial intelligence tool at the start of the week.

Multiple analysts saw Monday’s sharp semiconductor pullbacks as overdone. One said they could prove “a buying opportunity in hindsight once the dust settles.”

Japanese stock futures slid, with chip-related shares poised to extend Monday’s declines after concern over Chinese artificial-intelligence startup DeepSeek set off a selling spree in US tech shares.

By Sinéad Carew, Medha Singh and Amanda Cooper NEW YORK/BENGALURU/LONDON (Reuters) -Semiconductor stocks were a mixed bag on Wednesday, with European chip stocks rallying on strong earnings while U.S.