WS #15606
Nvidia and Micron shares are bouncing as investors digest a more optimistic financial picture for OpenAI, reducing fears of a broader AI capex slowdown. UBS reaffirmed a Buy on Nvidia with a $300 target, citing Taiwan's computing equipment exports surging 25.9% MoM. This signals that the AI infrastructure build-out remains intact despite earlier revenue miss concerns, providing a critical floor for the semiconductor sector. Apple is facing headwinds as it cuts iPhone 18 Pro orders, citing weak demand and softening memory prices. This development contrasts with the broader AI hardware rally, highlighting that consumer-facing tech remains vulnerable to economic pressure. The stock is gapping down in pre-market, suggesting investors are pricing in a near-term revenue miss for the consumer electronics giant.
AI Infrastructure Relief Rally
Nvidia and Micron shares are bouncing as investors digest a more optimistic financial picture for OpenAI, reducing fears of a broader AI capex slowdown. UBS reaffirmed a Buy on Nvidia with a $300 target, citing Taiwan's computing equipment exports surging 25.9% MoM. This signals that the AI infrastructure build-out remains intact despite earlier revenue miss concerns, providing a critical floor for the semiconductor sector.
Apple is facing headwinds as it cuts iPhone 18 Pro orders, citing weak demand and softening memory prices. This development contrasts with the broader AI hardware rally, highlighting that consumer-facing tech remains vulnerable to economic pressure. The stock is gapping down in pre-market, suggesting investors are pricing in a near-term revenue miss for the consumer electronics giant.