AI Chip Makers Soar: Analysts Reset Stock Price Targets After Trillion-Dollar Q2

AI Chip Suppliers SK Hynix, Nvidia, and TSMC Experience Stock ... Market Speculation

As AI continues to drive technological advancements, chip suppliers like SK Hynix, Nvidia, and TSMC are experiencing significant stock surges amidst market speculation. SK Hynix, a key supplier to Nvidia, has seen a 90% rally in the past year, with Goldman Sachs and Citigroup predicting further gains based on AI potential. Meanwhile, Nvidia, despite a rare downgrade by New Street Research citing valuation concerns, has gained 156% this year. TSMC is also on the brink of entering the trillion-dollar market capitalization club, fueled by AI demand. Micron Technology, another AI-memory-chip maker, remains bullish despite a tepid profit forecast, emphasizing its position in the AI market. These companies face varying speculations - from concerns about stock bubbles to optimistic expectations of continued growth in the AI sector.