Nvidia shares fell to $218.37 intraday on Monday as delayed H200 chip shipments to China weigh on sentiment one day before the company's Q1 FY2027 report. Analysts expect $1.78 EPS (+120% YoY) on $79.2B revenue (+79.5%), but the stock has dropped in 3 of the last 4 post-earnings sessions despite beats. Senator Coons is probing Commerce Secretary Lutnick over conflicting statements about whether H200 export licenses were actually granted, adding political risk to the mix.
Intel slid roughly 5% in premarket Monday as the semiconductor sector cools from its torrid 2026 rally. The stock is still up over 200% YTD, fueled by a landmark preliminary deal with Apple to manufacture iPad Pro and MacBook Air chips on Intel's 18A node — a deal reportedly brokered by President Trump. Shares peaked at $132.75 on May 11 before retreating to the $118-$120 range.
BofA analyst Tal Liani reinstated coverage of Salesforce on Sunday with an Underperform rating and a $160 PT, implying ~8% further downside from Friday's $173 close. The bear case: AI agents could compress Salesforce's per-seat subscription model rather than expand it, and Agentforce added less than 2% to top-line revenue last quarter. CRM is already down 35% YTD. Of 52 analysts, 39 still rate it a Buy — making BofA a notable contrarian.
The biggest tech IPO of 2026 continues to find its footing. Cerebras raised $5.55B at a $185 IPO price, opened at $385 on day one (May 14), closed at $311, and has since drifted to around $297. At a ~$66B fully diluted valuation, CBRS trades at a steep premium — but AI chip demand and the "not-Nvidia" narrative are keeping buyers engaged.
Alphabet and Blackstone are committing $5B in initial equity to a new US-based AI cloud company, with total investment potentially reaching $25B with leveraged financing. The venture will offer Google TPU compute-as-a-service and targets 500 MW of data center capacity by 2027. Big Tech AI infrastructure spend is now expected to exceed $800B in 2026 alone.
Micron traded around $664 on Monday with a market cap oscillating between $800B and $900B — up from roughly $80B a year ago. The HBM (high-bandwidth memory) supercycle powering AI training and inference continues to propel what was once considered a commodity memory maker into megacap territory. Shares hit a daily high of $674 on May 19.
Palantir reported $1.63B in Q1 revenue (beating $1.54B consensus) and $0.33 adjusted EPS (37.5% above estimates), then raised full-year guidance to $7.65B. US Commercial revenue surged 130% YoY. Despite all of that, the stock dropped 5.7% post-earnings and is now at ~$132, down 26% on the year. Valuation compression is the culprit — even hyper-growth can't justify the multiple in this risk-off rotation.
The AI investment thesis is broadening beyond GPUs. AMD and Intel each gained ~25% in early May as Wall Street bets that the shift from model training to real-world inference and agentic AI favors CPUs and memory over pure GPU plays. Intel is up 200%+ YTD; AMD has more than doubled. Nvidia, while still growing revenue 70%+, is up only 15% for the year — barely ahead of the Nasdaq.
Broadcom bumped its quarterly revenue forecast from $18.3B to $19.1B, with AI-focused sales expected to double to $8.2B. But profitability is declining alongside the rapid growth in AI chip sales, and investors didn't love the margin compression story. The stock remains a key beneficiary of custom silicon and networking demand from hyperscalers.
Super Micro delivered $0.84 non-GAAP EPS versus $0.62 consensus in fiscal Q3, a 35% beat. JPMorgan raised its price target from $28 to $32 but kept its Neutral rating, citing lingering corporate governance and accounting concerns. The stock remains in analyst purgatory — strong AI server demand versus unresolved trust issues.
