Chip Stocks Down on Momentum and Not CPI, Bokeh's Forrest Says

Watch on YouTube ↗  |  May 12, 2026 at 16:27  |  4:39  |  Bloomberg Markets
Speakers
Kim Forrest — CIO, Bokeh Capital Partners

Summary

Kim Forrest argues that Tuesday's chip selloff is a momentum pause, not a CPI reaction. She highlights Intel's revival driven by AI development and believes AI is still in its early innings. She also touches on US-China AI competition and mentions AMD's relative gains.

  • Kim Forrest says chip selloff is due to momentum pause, not CPI
  • She cites Intel as an example of discernment in AI stocks
  • She views AI development as still early, bottom of second inning
  • She expects more differentiation among AI beneficiaries
  • She notes US-China tensions over AI technology
  • She mentions that cost is relative, with AMD gaining on cheaper GPUs
Trade Ideas
Kim Forrest CIO, Bokeh Capital Partners 2:13
Intel revived by AI, long runway
Intel is being revived by the forward movement of AI development. After being left for dead, it is now coming back as AI rollout benefits more than just NVIDIA. We are in the bottom of the second inning of AI, implying a long runway. Discernment is happening and Intel is a beneficiary.
INTC MED
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This Bloomberg Markets video, published May 12, 2026, features Kim Forrest discussing INTC. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Kim Forrest  · Tickers: INTC