Chip stocks rallied strongly following robust earnings reports from Microsoft and Lam Research, with Lam Research shares jumping 20% and Microsoft rising 15%. The surge was driven by increased demand for AI-related infrastructure, as companies invest heavily in memory and processing units. Memory stocks Micron and Sandisk also saw significant gains after Samsung warned of a memory shortage lasting until 2028. Despite recent market selloffs due to concerns about peak spending, the AI boom continues to boost semiconductor companies. Additionally, Arm Holdings gained 6% on strong demand for its new AGI CPU chip, signaling ongoing growth in the CPU market for AI workloads.
The Alger Concentrated Equity ETF (CNEQ) and the Mango Growth ETF (GARY) offer different U.S. growth exposures despite both being tech-heavy and actively managed. GARY focuses heavily on semiconductor and AI infrastructure stocks, capturing the AI ca...
Jefferies raised Lam Research's price target to $335 and maintained a Buy rating after the company beat Q4 2026 earnings and revenue estimates with $1.82 per share and $6.72 billion revenue. The semiconductor equipment maker expects strong future rev...
Lam Research reported strong Q2 2026 results with revenue of $6.72 billion, up 15.1% from the previous quarter, and a diluted EPS of $1.81, marking record performance. The company benefited from rising AI-driven demand reshaping the semiconductor ind...
