Kristina Partsinevelos

SK Hynix's US ADR listing is expected to trade at a 10-15% premium to its Seoul shares due to scarcity, and the company is the purest bet on high bandwidth memory (HBM) with roughly 56% market share powering Nvidia's AI chips, making it highly attractive to US investors.

Dell flagged serious shortages in memory chips, processors (CPUs), and hard drives, with lead times stretching to at least a year. This bodes well for suppliers Intel, AMD, Arm, and Micron, as supply constraints should support pricing and demand for these components amid sustained AI infrastructure buildout.

Qualcomm is making a serious push into AI beyond smartphones, with potential acquisition of TensTorrent to gain AI accelerator talent and a foothold in data centers, a new dedicated data center CPU to capture surging CPU demand from AI agents, and an upcoming investor day (next Tuesday) where it is expected to name the hyperscaler for its custom AI chips, which will start shipping later this year, creating a catalyst even as the handset business and Apple modem loss remain risks.

Despite the capital-intensive nature of AI construction causing equity raises at companies like Supermicro and Alphabet, NVIDIA remains the biggest beneficiary because most AI server demand is still tied to NVIDIA-based platforms, making it a prime winner of the AI boom.

SanDisk posted record revenue but guided for roughly flat margins and only modest price hikes, missing lofty expectations. Some analysts think the company is lowballing and memory prices are climbing faster than guidance suggests. SanDisk's investor day on August 13 could potentially reset sentiment, making the current conservative posture a near-term catalyst for upside.

Retail investors have been selling chips, but today there is a rotation back into chip stocks as software and the IGB take a hit. This suggests renewed appetite for semiconductors relative to software.

Dell flagged serious shortages in memory chips, processors (CPUs), and hard drives, with lead times stretching to at least a year. This bodes well for suppliers Intel, AMD, Arm, and Micron, as supply constraints should support pricing and demand for these components amid sustained AI infrastructure buildout.

Dell flagged serious shortages in memory chips, processors (CPUs), and hard drives, with lead times stretching to at least a year. This bodes well for suppliers Intel, AMD, Arm, and Micron, as supply constraints should support pricing and demand for these components amid sustained AI infrastructure buildout.

Dell's quarterly earnings massively beat Wall Street expectations ($44B revenue vs $35B consensus, EPS nearly $5 vs ~$3), driven by AI server backlog growing to over $51B and traditional server revenue up 92% year over year as enterprises build out for agentic AI workloads. The COO said customer conversations are now multiyear in nature (3-5 years), dismantling the theory that AI demand had been pulled forward. This forces a reset in analyst estimates and positions Dell as a core AI hardware beneficiary, with the trade having legs into 2027-2028. The stock surged over 30% as a result.

Dell flagged serious shortages in memory chips, processors (CPUs), and hard drives, with lead times stretching to at least a year. This bodes well for suppliers Intel, AMD, Arm, and Micron, as supply constraints should support pricing and demand for these components amid sustained AI infrastructure buildout.