Core Viewpoint - Nvidia's CEO Jensen Huang praises TSMC during his visit to Taipei, emphasizing the strategic partnership and the development of new AI chip platforms [1] Group 1: Partnership and Collaboration - Huang's visit aims to discuss ongoing and upcoming collaborations, including Nvidia's new AI chip platform and advanced CPU, GPU, and switch products designed for AI workloads [1] - Huang expresses gratitude towards TSMC for its contributions to Nvidia's next-generation AI chip platform, Rubin, which features a revolutionary architecture [1] Group 2: Market Insights - Huang states that investing in TSMC stock is a wise decision, highlighting the company's significance in the semiconductor industry [1] - Reports indicate that some of Nvidia's suppliers will halt production of the H20 AI chips specifically designed for the Chinese market [1] Group 3: Product Development - Nvidia has completed the packaging of all chips for the Rubin platform, marking a significant milestone in their product development [1] - Huang clarifies that Nvidia's chips do not contain "backdoors" and discusses ongoing negotiations regarding alternative chip offerings for China [1]

Core Viewpoint - AMD benefits from a newly signed AI chip agreement in the Middle East and successfully withstands price competition from Intel, leading HSBC to upgrade its investment rating on AMD [1][2]. Group 1: Market Conditions and Stock Performance - The easing of the US-China tariff war and the AI chip supply agreement signed by Saudi Arabia have prompted a reassessment of AMD's stock price, despite limited or unquantifiable impacts on earnings [1]. - Since the US-China decision to pause tariffs for 90 days on May 12, AMD's stock has risen by 7%, with the annual price-to-earnings (P/E) ratio increasing to 29 times [1]. - HSBC raised AMD's P/E target from 20 times to 26 times and adjusted the 2026 revenue forecast for AMD's GPU from $6.6 billion to $7.7 billion, primarily due to a 15% increase in the deployment of advanced packaging technology "CoWoS" [1]. Group 2: Competitive Position and Future Outlook - HSBC has become more optimistic about AMD's client segment, believing the company can successfully fend off Intel's competition and expand its market share [2]. - Initially, HSBC expected Intel to engage in price competition to regain market share, but this did not have a significant impact as AMD's pricing was already competitive, and its advanced CPUs made its product line more attractive [2]. - As a result, HSBC upgraded AMD's investment rating from "reduce" to "hold" and raised the target price from $75 to $100 [2]. - AMD's stock rose by 3.85% to $114.56 on the 27th, with the year-to-date decline narrowing to 5.16% [2]. - AMD signed a $10 billion contract with Saudi AI company Humain to build AI infrastructure over the next five years, which is seen as a positive development that could help AMD and Nvidia mitigate the impact of US export controls [2].