Benzingaยท2025-06-09 18:47Group 1: Conference Insights - A tech conference was attended by 27 companies, including Nvidia, AMD, Intel, and others, indicating a strong industry presence [1] - The overall tone was positive for GPU and ASIC vendors, suggesting optimism in computing and networking sectors [2] Group 2: Company Performance and Projections - Nvidia is well-positioned to benefit from AI trends, maintaining a Buy rating with a price target of $180, supported by its performance lead and developer support [2] - AMD is experiencing strong sell-through in Q2, with expectations for seasonal strength in the second half of the year [5] - Arm anticipates a 50% share in server CPU deployments this year, with a raised price target of $150 due to market share gains and a strong growth profile [4] Group 3: Equipment and Semiconductor Market Trends - Lam Research, KLA Corp, and Applied Materials reported strong momentum in leading-edge and advanced DRAM WFE, helping to sustain mid-single-digit year-over-year growth through 2025 [5] - KLA Corp suggested plausible mid-single-digit WFE growth for 2026, driven by 2nm/GAA investments [6] - Lam Research noted a $40 billion multi-year opportunity in NAND upgrades, with vendors indicating that China is "de-risked" this year [6] Group 4: Price Target Adjustments - Price targets were raised for several companies: Lam Research to $100, KLA Corp to $900, and Lumentum to $78, reflecting improving market conditions and strong demand [7][8]