Daily Market Alert: Chip Stocks Surge on TSMC, China Moves to Restrict Nvidia, Wells Fargo Upgrades AMD

1. Wells Fargo crowns AMD the new chip king. The bank upgraded semiconductor stocks this morning with AMD as its top pick—a bold call considering Nvidia's dominance. AMD crushed both the market and NVDA in 2025, posting 90% gains versus Nvidia's 37%. The stock jumped 6.5% this week to $223.60, with RSI at 57 showing room to run before overbought territory. Wells Fargo sees AMD's data center momentum and MI300 AI accelerators gaining share against Nvidia's H100/H200 lineup. With earnings due February 3rd and ...