A solid set of results and an improving customer base can send shares of this chipmaker higher in 2026.Marvell Technology (MRVL 3.37%) may not be the first artificial intelligence (AI) semiconductor company that investors may consider for their portfolio. After all, there are bigger companies in this niche that have been growing at terrific rates, driven by the massive deals that they have been inking with hyperscalers and AI companies.Even Marvell's stock price performance hasn't been particularly strong i ...

Valued at a market cap of $1.84 trillion, Broadcom (AVGO) stock has returned about 120% since last December and is up over 2,500% in the past decade. Broadcom is gaining significant traction in the rapidly expanding AI market and continues to power AI infrastructure. www.barchart.com Susquehanna analyst Christopher Rolland just raised the price target on AVGO stock to $450 from $400 and maintained a “positive” rating. The optimism centers on Google's (GOOG) (GOOGL) new TPUv7 chip, which is performing bet ...

Core Insights - Oracle Corp. has experienced a significant stock increase, with an 82% rise year-to-date and a 27% gain in the past week, following a historic rally influenced by OpenAI's impact on technology markets [1][5] - The company's performance is closely linked to OpenAI, having signed multibillion-dollar cloud contracts that resulted in a 359% year-over-year increase in performance obligations, reaching $455 billion [2][5] Financial Performance - Oracle's stock saw its largest jump since 1992, attributed to surging cloud commitments and a strong backlog [1][5] - The company briefly reached a market valuation of $930 billion before settling around $830 billion, approaching the trillion-dollar milestone [5] Industry Impact - OpenAI's commitment to spend $300 billion on computing power over five years starting in 2027 is part of a $30 billion cloud deal with Oracle, which was first disclosed in June [3][5] - The ripple effects of OpenAI's spending have positively impacted other tech companies, such as Broadcom, which saw a 10% increase after securing a $10 billion order from OpenAI [3][4] Competitive Landscape - Despite Oracle's recent success, some analysts caution that the company is still considered a "B-level hyperscaler," lagging behind major competitors like Amazon, Microsoft, and Google in terms of infrastructure scale and AI software presence [6]

Core Viewpoint - Broadcom's latest earnings report has generated positive reactions from Wall Street analysts, highlighting the company's accelerating momentum in artificial intelligence (AI) [1] Financial Performance - Broadcom reported adjusted earnings of $1.69 per share, exceeding the expected $1.65, with revenue increasing by 22% year-over-year to $15.96 billion, surpassing estimates [2] - For Q4, Broadcom forecasts revenue of $17.4 billion, which is above Wall Street's consensus of $17.02 billion [2] - The stock price of AVGO rose nearly 10% to $334 following the earnings report, with a year-to-date gain of approximately 44% [2] Analyst Ratings and Insights - Truist Securities' William Stein maintained a 'Buy' rating with a $365 price target, noting a significant increase in AI infrastructure backlog and projecting 60% growth from legacy AI customers in fiscal 2026 [5] - TD Cowen's Joshua Buchalter also has a 'Buy' rating with a $370 target, emphasizing the potential for massive expectations in 2026 despite near-term upside from custom processors [6] - Piper Sandler's Harsh Kumar raised his target to $375, highlighting the importance of a $10 billion order from a fourth customer and the strength in networking and infrastructure software [7] - KeyBanc's John Vinh noted a 63% year-over-year increase in AI semiconductor revenue to $5.2 billion in Q3, suggesting further acceleration in Q4 [8] - Bernstein's Stacy Rasgon, with an 'Outperform' rating and a $400 price target, praised the growth in AI revenue and raised his estimates, indicating that the valuation is increasingly justified [9]

Core Viewpoint - Qualcomm is facing challenges in its smartphone chipset business but has potential for growth through emerging business lines such as IoT, automotive, and PC, which may present a compelling investment opportunity [1][4][8] Group 1: Current Challenges - Qualcomm's stock has been largely overlooked due to declining revenues following the 5G upgrade cycle and insufficient demand for AI-enabled phones [1] - The company is expected to lose Apple as a chipset provider by 2027, and its significant exposure to the Chinese market has negatively impacted its stock performance [1] Group 2: Emerging Business Lines - Qualcomm has diversified into new sectors, including IoT, automotive, and PC, anticipating a decline in smartphone relevance [4] - Revenue growth in the first half of fiscal 2025 showed a 17% year-over-year increase, with IoT revenue growing by 31% and automotive revenue surging by 60% [5] Group 3: Financial Performance - Qualcomm's net income for the first two quarters of fiscal 2025 reached $6 billion, an 18% increase, indicating an up-cycle in its chip businesses [6] - The company expects to generate $4 billion in annual revenue from its PC business by fiscal 2029, although specific numbers were not reported [6] Group 4: Valuation - Despite double-digit profit growth, Qualcomm's stock is trading at a P/E ratio of 16, suggesting that the market has not fully recognized its growth potential [7][8]