"The chipmaker beat estimates, set a new profit record, and significantly raised its 2026 capex forecast. Morgan Stanley, Wells Fargo, and Barclays reiterated bullish ratings, pointing to "proliferation of AI inference" as the key growth driver. That tailwind lifted the entire semiconductor supply chain. Jefferies raised its Nvidia price target to $275 from $250, though NVDA's momentum looks more technical than fundamental this week."
"AMD told a better story, surging 11% over the past week on Ryzen AI test results showing 10.5 TFLOPS performance. Wells Fargo called it their top pick for 2026, and KeyBanc upgraded to Buy on surging server chip demand. The company is reportedly "almost sold out for 2026" and considering price increases. AMD's RSI just hit 60, climbing 21 points in eight trading days. That's strong momentum without being stretched to extremes (historical pullbacks tend to follow RSI readings above 75). The rally feels healthy."
TSMC's Q4 beat and raised its 2026 capex, validating ongoing AI infrastructure spending and prompting bullish re-ratings from major banks. The strength extended across the semiconductor supply chain, lifting Nvidia targets and sending AMD sharply higher after Ryzen AI test results and reported near-sold-out 2026 server demand with possible price increases. Momentum indicators like AMD's RSI rose without extreme readings. Major investors rotated positions, exemplified by Stanley Druckenmiller selling an entire Nvidia stake and reallocating into another large AI opportunity. Tesla lacks a clear catalyst, and rising precious metals suggest some investors are hedging against potential downside.
Read at 24/7 Wall St.
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