Xin Lang Cai Jing·2026-01-28 16:32Core Viewpoint - The surge in demand for artificial intelligence data center hardware has led to a rebound in chip manufacturers' stock prices, with Texas Instruments and other manufacturers showing optimistic performance, indicating that this momentum is expanding beyond Nvidia's high-end processors [1][3]. Group 1: Company Performance - Texas Instruments reported a positive quarterly forecast, highlighting that the booming demand for AI data centers is driving chip demand beyond Nvidia's advanced processors [2][4]. - Texas Instruments' stock price increased by approximately 8.5%, while Seagate's stock surged by 17.7%. In contrast, ASML's stock fell by 2.3% after earlier gains of 7.5% [1][3]. - Other AI-related chip manufacturers, including Nvidia, Micron, AMD, and Intel, also saw their stock prices rise, continuing the upward trend across the industry [1][3]. Group 2: Industry Trends - The Philadelphia Semiconductor Index rose by 1.7%, reflecting the overall positive sentiment in the semiconductor sector [2][4]. - LSEG data indicates that the technology sector's earnings are driven by the AI boom and overall growth in U.S. companies, with an expected growth of about 27%, compared to 9.2% for S&P 500 companies [5]. - The revenue growth rate for the technology sector is approximately 18%, while the overall growth rate for the S&P 500 is 7.3% [5]. Group 3: Market Challenges - A global shortage of memory chips casts a shadow over the demand for personal electronic products, with expectations that sales of smartphones and personal computers (Texas Instruments' primary market) will be affected [5]. - Morgan Stanley believes that Texas Instruments is unlikely to face supply shortages due to low global factory utilization, although geopolitical risks remain unpredictable, and U.S.-centered production may expose Texas Instruments to overseas tariffs [5].