Jin Rong Jie·2025-12-18 10:49Group 1 - The semiconductor industry is expected to remain a strong performer in the U.S. stock market through 2026, driven by the AI infrastructure boom and the traditional chip inventory cycle [1] - Morgan Stanley has identified Nvidia and Broadcom as the top picks in the semiconductor sector, highlighting Nvidia's cloud computing solutions as the highest return on investment option, especially with the upcoming Vera-Rubin architecture expected to ramp up in the second half of 2026 [3] - The firm holds a cautious outlook on Intel due to concerns regarding its foundry business prospects, while it rates AMD and Marvell Technology as "in line with the market," indicating potential for growth but also uncertainty [3] Group 2 - In the data center interconnect technology segment, Astera Labs is favored as a small-cap stock, while Micron is the preferred choice in the memory market [3] - NXP Semiconductors is viewed as a good combination of growth and value in the analog chip sector, whereas Analog Devices, despite its high valuation, shows stronger growth potential [3] - Google is advancing an internal project called "TorchTPU" to enhance the compatibility of its Tensor Processing Units (TPUs) with the mainstream AI development framework PyTorch, aiming to position TPUs as a viable alternative in the market [4]