AI trading is making a relative rotation from chip stocks to large platform stocks. On the day, both SPY and QQQ rose only about 0.2%, Nvidia fell about 1.7%, and AMD dropped about 1%; Microsoft rose about 2.5%, Meta gained about 2%, and Google also moved higher.
The concentration seen in market-cap-weighted indices does not necessarily mean that the entire market is rising solely on the back of a small number of large-cap stocks.
The memory shortage brought by AI does not mean that all storage products will benefit in the same way. Apple is reportedly testing CXMT memory chips for the iPhone and MacBook.
AAOI’s position in the AI data center optical module supply chain is becoming more important, but that does not mean policy changes will immediately generate more revenue. Management stated that the company’s existing capacity is sold out through the second quarter of 2027.
The risks facing the memory sector are no longer limited to whether the price cycle will peak. If higher-capacity, higher-specification HBM continues to occupy production lines, not only commodity DRAM but also SOCAMM2 supply could tighten.
Rocket Lab’s Neutron rocket has completed its first vertical lift at the LC-3 launch pad in Wallops, Virginia. For this reusable medium-lift rocket, this is not the maiden flight itself, but it means that preparations have moved further from design and manufacturing to launch-site execution.
Competition in AI inference chips is extending from “whose compute power is greater” to “who can store model weights more efficiently.” This warrants attention because high-bandwidth memory (HBM) is no longer merely a supporting component for chips; whether its supply can keep pace may already af…
AppLovin’s nearly 20% pullback is not primarily about advertising demand having disappeared, but rather about a temporary slowdown in its model improvements. Previously, enhanced algorithmic capabilities helped advertisers achieve better campaign results and prompted them to increase their budgets.
SanDisk’s latest figures have prompted the market to reassess whether its NAND business can still only be viewed as a highly cyclical company. The company’s revenue this quarter rose 51% quarter-on-quarter to USD 8.965 billion, with a gross margin of 84.6%.
SNDK’s quarterly results exceeded expectations across the board, but the stock’s reaction to the earnings report was far weaker than the magnitude previously priced in by the options market.