Jang Chang-min

AMD rose sharply after Goldman Sachs hiked target to $640, and the stock is gaining traction as an alternative to NVIDIA in automotive AI training. Japanese autonomous driving startup Turing shifted 10% of AI workloads from NVIDIA to AMD, and AMD's venture arm invested, marking early adoption in a new vertical.

Broadcom extended its custom ASIC partnership with Apple through 2031, disclosed in an SEC filing. This de-risks the long-standing fear that Apple would eventually in-source those chips, securing Broadcom's high-margin revenue stream and validating its position in Apple's silicon roadmap.

AI chip demand is diversifying beyond NVIDIA's GPU monopoly. Google's in-house inference chip development and Microsoft's expanded partnership with AMD signal that hyperscalers are turning to custom chips and alternative suppliers. This benefits custom ASIC designers Broadcom and Marvell, optical component makers Lumentum and Coherent, and CPU/GPU supplier AMD. The broadening of AI chip suppliers is a positive signal that AI investment is becoming a long-term, multi-provider cycle.

AI chip demand is diversifying beyond NVIDIA's GPU monopoly. Google's in-house inference chip development and Microsoft's expanded partnership with AMD signal that hyperscalers are turning to custom chips and alternative suppliers. This benefits custom ASIC designers Broadcom and Marvell, optical component makers Lumentum and Coherent, and CPU/GPU supplier AMD. The broadening of AI chip suppliers is a positive signal that AI investment is becoming a long-term, multi-provider cycle.

Elevated oil prices above $80 are improving refining margins, and fund flows are moving into refining stocks. Valero Energy and Marathon Petroleum hit 52-week highs as investors bet on sustained high oil rather than directional oil trading, benefiting from wider crack spreads.

AI chip demand is diversifying beyond NVIDIA's GPU monopoly. Google's in-house inference chip development and Microsoft's expanded partnership with AMD signal that hyperscalers are turning to custom chips and alternative suppliers. This benefits custom ASIC designers Broadcom and Marvell, optical component makers Lumentum and Coherent, and CPU/GPU supplier AMD. The broadening of AI chip suppliers is a positive signal that AI investment is becoming a long-term, multi-provider cycle.

Elevated oil prices above $80 are improving refining margins, and fund flows are moving into refining stocks. Valero Energy and Marathon Petroleum hit 52-week highs as investors bet on sustained high oil rather than directional oil trading, benefiting from wider crack spreads.

Lucid surged 10% as the robotaxi narrative re-emerged. Lucid is the exclusive partner providing Gravity SUVs for Waymo/Nuro's robotaxi program, with validation vehicles already being produced for 2027 deployment, offering a direct play on autonomous ride-hailing.

Tesla rallied on Q2 delivery beat of 480k units, robotaxi service expansion news, and analyst target price upgrades. The market is reviving the autonomous driving and robot AI narrative, which had been under pressure, signaling renewed confidence in Tesla's non-EV growth story.