Key Takeaways Despite macro and geopolitical worries, January momentum remains strong across equities.Small caps, momentum, semis and defense are early 2026 leaders amid AI and security spending.Healthcare stands out as a defensive but winning play as investors balance risks and safety.As the market has entered 2026, the S&P 500 is coming off a third straight year of returns well above its long-term annual average of roughly 10%.Investors entered 2026 with notable concerns.While GDP growth has accelerated a ...

A top-rated analyst at Piper Sandler has made a massive bet on Micron Technology (MU), slapping a $400 price target on the stock with unusual confidence. That’s a steep 45% climb from the previous $275 target, an eyebrow-raising $125 increase, and it matters a ton because Micron has been flying. In the past month alone, the stock has skyrocketed 43%, dwarfing the S&P 500’s gains at just under 1%. In the past week alone, it has jumped almost 20%. For perspective, from its Jan. 7 close of $339.55, Piper ...

In Brief Nvidia is now requiring its customers in China to pay upfront in full for its H200 AI chips even as approval stateside and from Beijing remains uncertain, Reuters reported, citing anonymous sources.The chipmaker isn’t leaving any room for refunds or changes to orders, the report said. While some customers may be allowed to use commercial insurance or asset collateral, the terms are far stricter than Nvidia’s earlier policies, which sometimes permitted partial deposits, Reuters reported.Nvidia dec ...

CES 2026 put a spotlight on how fractured the AI opportunity really is. On the same stage, Intel Corp (NASDAQ:INTC) and NVIDIA Corp (NASDAQ:NVDA) pitched radically different visions of how they plan to tap what investors broadly frame as a $10 trillion AI era. Track NVDA stock here.One focused on fixing what it lost. The other focused on expanding what it already owns.Intel's Pitch: AI Starts On Your LaptopIntel's CES narrative was all about execution. Panther Lake, part of the Core Ultra Series 3 lineup, m ...

In our prepared remarks that our HBM for 2026 is sold out in terms of volume and our negotiations with customers have been completed for calendar year 2026 for volume as well as pricing.One concern that may weigh on investors' minds is whether Micron is able to live up to its lofty outlook. However, the company has sold out its available capacity of the high-bandwidth memory (HBM) chips that are used in AI data center chips. Responding to an analyst query on the December 2025 earnings call, Micron CEO Sanja ...

Oil Market - Brent crude increased by 2% to $61.16 per barrel, while West Texas Intermediate (WTI) rose by 1.8% to $57.01 per barrel, following a decline in US crude oil stockpiles by 3.8 million barrels to 419.1 million barrels, contrary to analysts' expectations of a rise [1][7]. Retail Sector - Tesco's shares fell by 6.5% despite achieving a 10-year high in market share in the UK, while Associated British Foods, owner of Primark, saw a 13% decline in shares due to weaker-than-expected sales [2][3]. Defence Sector - BAE Systems' shares surged by up to 7% after President Trump announced plans to increase the US defence budget from $1 trillion to $1.5 trillion, adding over £4 billion to its market value [6][40]. - UK defence stocks, including Babcock and Rolls Royce, saw significant gains, with nearly £7 billion invested in early trading following Trump's military spending pledge [53][41]. - European defence stocks also rose, with notable increases in companies like Rheinmetall and Airbus, reflecting investor confidence in increased government spending on defence [40][55]. Economic Indicators - A major credit rating agency predicts the US Federal Reserve will lower interest rates two more times this year due to a slowdown in the jobs market, with expectations of a decrease from the current range of 3.75% to 3% [19]. - The US trade deficit fell to its lowest level since 2009, dropping 39% to $29.4 billion in October, attributed to a $11 billion decrease in imports [24][25].

On the valuation side, Nvidia is extremely rich. NVDA trades at a trailing price-to-earnings (P/E) multiple of around 48 times and a price-to-cash flow multiple of 61 times. These multiples imply very high growth built in. In short, Nvidia's valuation is in “bubble” territory, reflecting sky-high expectations for its AI/data-center role.The most valuable company in the world with a market capitalization of around $4.6 trillion, NVDA stock rallied strongly in the last two years on the AI boom but has since r ...

Volkswagen plans a long-term supply deal with U.S. chip designer Qualcomm to deliver infotainment technology for the German carmaker's new software platform. ...

Core Insights - The competition in the hardware market for data centers, AI, and cloud computing is intensifying, particularly between Broadcom and AMD in the AI chip sector [1] AMD Overview - AMD's CEO Lisa Su has been pursuing market share from Nvidia, the leading provider of GPUs, with a focus on high-performance and AI computing [1][2] - AMD aims for a compound annual growth rate of over 35% in the next three to five years, with its data center business expected to grow by more than 60% annually and a target of over 70% market share in adaptive computing [2] - Since Lisa Su's tenure, AMD's market capitalization has surged from $2 billion to $350 billion, with a reported year-over-year revenue growth of 40% and a gross margin increase to 52% in Q3 [3] Broadcom Overview - Broadcom maintains strong and diversified revenue streams, reporting $7.4 billion in free cash flow for its fiscal 2025 Q4 [4] - The company offers a quarterly dividend of $0.65 per share and achieved a year-over-year net revenue growth of 28% last quarter, although this growth is slower compared to AMD's trajectory [4] Investment Considerations - Both Broadcom and AMD are positioned well for the future, but Broadcom is seen as a more mature and conservative investment with lower volatility, while AMD is favored for higher potential returns as it seeks to reduce Nvidia's market dominance in AI accelerators [5] - AMD's stock has increased over 60% in the past year, indicating strong market performance [7]

Key Takeaways MRVL acquired XConn to add PCIe 5/6 and CXL switching, strengthening its Ultra Accelerator Link strategy.Marvell Technology expects XConn to add 20 customers and about $100M revenues in fiscal 2028.MRVL says Celestial AI should contribute in 2H 2028 and reach $1B by Q4 of fiscal 2029.Marvell Technology (MRVL) is expanding its AI connectivity portfolio by launching new products and through acquisitions. Its recent decision to acquire XConn Technologies was made to expand its portfolio with the ...