Micron is up 2.2% in premarket trading this Monday morning, joined by SanDisk (+3.6%), Western Digital (+3.4%), and Seagate (+1.8%), after UBS analyst Nicolas Gaudois reiterated a Buy on MU and raised his Q3 DDR contract pricing forecast to +32% quarter-on-quarter — nearly double his prior +17% estimate. Gaudois projects DRAM will remain undersupplied "until at least 2Q28" with bit-demand growth of 36.2% in 2027 far outpacing supply growth of 19.3%, and UBS forecasts memory industry revenues of $992 billion in 2026 rising to $1.76 trillion in 2027. Micron's current price near $975 sits roughly 17% below its June peak, which UBS calls "likely temporary."
Palantir jumped 9% on July 1, adding roughly $21.7 billion in market cap in a single session, after announcing a sovereign AI partnership with Nvidia — deploying Nvidia's open-source Nemotron models inside Palantir's AI Operating System to deliver secure, classified-environment AI for U.S. government agencies and allies. Days later, DA Davidson analyst Gil Luria upgraded PLTR from Neutral to Buy, lifting his price target from $115 to $175, citing Palantir's hardening "AI orchestration" moat and a multiple that has compressed as profits soared. The stock closed July 2 at approximately $125.73 after five consecutive days of gains.
The first-half 2026 chip leaderboard is in, and it's a stunner: AMD surged 171%, Intel 278%, while Nvidia advanced just 7.2% — a decisive rotation into "catch-up" chip names. Micron, Intel, and AMD added roughly $2 trillion in combined market cap in Q2 alone. The forward catalyst for AMD is the Instinct MI400, launching in H2 with 40 petaflops of FP4 compute and 432GB of HBM4 — S&P Global projects it generates $7.2 billion in year one. The question dominating the desk: can Nvidia's Rubin platform reverse the narrative in H2?
Anthropic became the first major AI lab to formally begin the IPO process, filing a confidential draft S-1 with the SEC on June 1 — days after closing a $65 billion Series H round at a $965 billion post-money valuation. Revenue hit a $47 billion annualized run rate in May, up 5x from $9 billion in January, and the company expects its first operating profit in Q2 2026. Goldman Sachs, JPMorgan, and Morgan Stanley are set to lead an offering targeting a raise exceeding $60 billion, with an October Nasdaq listing in view. Note: Anthropic is not yet publicly traded.
Broadcom's Q2 FY2026 showed AI semiconductor revenue of $10.8 billion (+143% YoY) on total revenue of $22.19 billion (+48% YoY), and the company guided Q3 AI chip revenue to $16 billion — over 200% year-over-year growth — on total Q3 revenue of approximately $29.4 billion (+84% YoY). Hyperscaler design wins at Google, Meta, and OpenAI are driving demand. Despite the blowout numbers, shares sold off post-earnings on a "not good enough" reaction; Wall Street holds 44 buys, zero sells, and a $523.73 consensus target against a current price near $376.
Intel has surged 190% in 2026 under CEO Lip-Bu Tan, underpinned by six consecutive quarters of revenue beats, a U.S. government 10% equity stake worth approximately $10 billion, and a potential Apple chip manufacturing partnership that has electrified sentiment. The stock trades near $133.99 and last quarter's 7% revenue growth extended the streak. The risk on the table: the Apple deal is unconfirmed and the stock has moved far ahead of reported fundamentals.
Enterprise software staged a decisive move above chip-equipment names, with Snowflake, Oracle, ServiceNow, Datadog, and MongoDB gaining 7–10% on AI spending momentum. Guggenheim upgraded both Salesforce and ServiceNow to Buy — ServiceNow added 5%+, Salesforce nearly 4%. Snowflake had already surged 36% in late May and held most of its gains. The macro read: enterprise AI is finally converting from pipeline to contracted revenue, and the software orchestration layer is capturing the monetization.
Super Micro Computer raised Q4 revenue guidance to $11–12.5 billion and its full-year 2026 outlook to $38.9–40.4 billion, citing surging AI server demand — Nvidia GPU-based platforms represent over 80% of sales. The guidance raise is bullish, but an ongoing legal investigation continues to weigh on the stock. A clean legal resolution would likely trigger a meaningful re-rating on what is otherwise a strong operational story.
OpenAI, which confidentially filed for an IPO in June 2026 targeting a listing near a $1 trillion valuation, is now reportedly weighing a delay into 2027. The catalyst: SpaceX's stock fell sharply from a post-IPO high above $225 to around $153, cooling appetite for mega-cap AI listings. OpenAI most recently raised $122 billion at an $852 billion private valuation. Note: OpenAI is not yet publicly traded.
After being outpaced by AMD and Intel in H1, Nvidia's H2 recovery thesis centers on the Rubin GPU platform launch and relentless hyperscaler capex. Nvidia maintains 70–85% AI accelerator market share through its CUDA ecosystem, and CEO Jensen Huang continues to call the current buildout "the largest infrastructure expansion in human history." Analyst consensus sits at Strong Buy with a $301.62 average target versus a current price near $198. A successful Rubin launch is the event analysts say could reset the narrative entirely.
AI Stocks
