Citi Predicts Diverging Outlook for US Chip Stocks: Bullish on Micron, Bearish on Qualcomm
On July 6, Citi analysts stated in a research report: "Given that DRAM chip prices are expected to rise in the second half of 2026, we have placed Micron Technology on our 'upward catalyst' watch list; meanwhile, due to weak smartphone sales growth, we have included Qualcomm on our 'downward catalyst' watch list." The analysts noted: "Fundamentally, demand for artificial intelligence computing remains in a state of supply-demand imbalance, as evidenced by the recent 20% increase in AWS EC2 GPU prices. The shortage of DRAM is currently the biggest constraint on computing power supply."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoreWeave (CRWV.US) to raise at least $4 billion after raising revenue guidance: AI computing power provider begins credit leap from "junk" to "investment grade"
AI computing power provider CoreWeave (CRWV.US), after raising its annual sales forecast and alleviating investor concerns about its heavily debt-laden business model, plans to raise at least $4 billion through an investment-grade loan.
Crypto prices
More
