2 January 2026 Price Target Change Asia Semiconductors and Global Mamory Asia Semiconductors & Global Memory: 2026 is still all about AI Mark Li +852 2123 2645 mark.li@bernsteinsg.com Edward Hou, CFA +852 2123 2623 edward.hou@bernsteinsg.com Yipin Cai, CFA +852 2123 2669 yipin.cai@bernsteinsg.com 2026 is still about AI. Sufficient visibility shows that 2026 demand for AI accelerators (XPU) is so strong that many supplies (e.g. CoWoS, memory, logic wafer) struggle to keep up. But unfortunately 2026 marks the ...