CNBC Televisionยท2025-08-13 19:37Semiconductor Industry - Nvidia's price target raised to $225 from $180 by Piper Sandler, maintaining an overweight rating [1] - Broadcom and the semiconductor ETF both hit record highs [1] - Taiwan Semiconductor Manufacturing (TSMC) added to buy list, manufacturing 50% of the world's chips, especially high-powered AI chips [2] - The industry believes Taiwan Semiconductor has a long 10-year growth runway, currently undervalued due to concerns about potential Chinese invasion [3] Software Industry - The IGV software ETF is on track to end a four-month winning streak [4] - Two-thirds of the IGV components are down 20% or more from their 52-week highs, with Samsara down 47% and Adobe down 41% [4] Salesforce - Salesforce is down 36%, but the company believes it is still a good investment due to its embedded presence in many organizations and potential for AI-driven efficiencies [5] - The market anticipates an acceleration in Salesforce's growth rate decline, but the company believes this is an investment period that will lead to future growth [6][7] - Salesforce's performance is closely tied to the employment rate, making it a pro-cyclical software company [8] - Concerns exist about Salesforce's growth rate relative to its valuation multiple, especially considering trends in unemployment reports and initial/continuing claims [9]