D.A. Davidson's Gil Luria highlights a valuation conflict in the chip sector: Intel's stock price suggests the AI cycle will last until 2028-2030, while Micron and NVIDIA's valuations imply the AI cycle is nearing its peak. Intel's turnaround story carries risks despite strategic value, while NVIDIA, AMD, and Broadcom offer more reliable AI exposure with strong growth and bullish outlooks. Micron, despite strong earnings and memory pricing power, trades below model targets, reflecting uncertainty about the memory cycle's duration. Investors might also consider foundry and equipment suppliers like ASML for AI supply chain exposure.
Amazon is exploring selling its custom-designed AI chips, Trainium and Inferentia, to third parties beyond its AWS cloud services. This move could disrupt Nvidia's stronghold on AI hardware, as Amazon's chip business now generates nearly $50 billion ...
Intel's stock surged 263% year-to-date, boosted by a new Apple manufacturing deal and strong Q1 earnings, including a 22% rise in Data Center and AI revenue. Despite this, a price target of $102.57 implies a 23% downside from the current $133.99 shar...
Renewed talks of tariffs potentially sparking a new trade war have investors cautious, but markets remain steady. Inflation remains high at 4.2%, yet the Fed has not signaled immediate rate hikes, creating uncertainty about future monetary policy. Me...
Apple plans to raise iPhone prices by 5-10% to offset rising memory chip costs, signaling significant inflation in chip prices. This move, highlighted by Tim Cook, suggests sustained pricing power for memory chip makers like Micron, whose stock has s...
U.S. stocks rose sharply with the Nasdaq 100 leading a 1.5% gain, driven by a semiconductor rally after a U.S.-Iran peace deal lowered oil prices to around $75 a barrel. The deal eased tensions by extending a ceasefire and reopening the Strait of Hor...
