[US-AI반도체] 10/26 Wall St. Recap

As a senior equity analyst, the recent news flow surrounding NVIDIA (NVDA) highlights a resilient upward trend supported by (attractive valuation) despite trading near 52-week highs, alongside medium-term price targets averaging around $326. While competitive threats such as DeepSeek and Huawei’s software initiatives aiming to reduce (dependency on NVIDIA) exist, the company’s robust ecosystem and ongoing market dominance continue to justify a strong (buy and hold) strategy.

As a senior equity analyst, I evaluate the recent news surrounding AMD. The unveiling of the (6th-generation EPYC ‘Venano’) processor and the strategic acquisition of (MangoBoost) highlight AMD’s strong push to capture the (AI inference market) and (rack-scale AI factory) infrastructure. However, the intensifying competition from NVIDIA, particularly in the CPU sector where NVIDIA is projected to lead in sales next year, presents a notable (competitive headwind) for AMD’s data center dominance. Overall, while technological advancements provide solid long-term growth catalysts, competitive pressures require close monitoring.

As a senior equity analyst, I evaluate the recent pullback in Broadcom (AVGO), which declined by 3.05%, against the backdrop of broader market sentiment and CEO commentary. While the company maintains strong long-term fundamentals and structural growth drivers in (AI infrastructure), recent remarks from management cautioning against speculative retail behavior—likening uninformed investors to gamblers—along with short-term (market volatility), have triggered a healthy correction. Nevertheless, valuation debates persist, balancing massive historical gains against future (earnings potential).

As a senior equity analyst, the recent legal developments surrounding Arm present a nuanced yet (negative sentiment) for investor confidence. While the financial damages from the (Qualcomm lawsuit) are negligible at just $2, the jury’s verdict finding Arm in (contract breach) creates legal uncertainty and potential friction within its core (licensing business model). Despite positive long-term catalysts such as ecosystem expansion via (Boss Semiconductor) and strategic positioning in (Agentic AI infrastructure), the immediate (stock price decline) reflects heightened near-term regulatory and legal risks that warrant cautious monitoring.

As a senior equity analyst, I evaluate ASML’s recent developments through a dual lens of robust financial resilience and strategic diversification. On one hand, the company demonstrated exceptional profitability, highlighted by a (3Q earnings surprise) with net profit exceeding expectations by 20%, alongside pricing power through a 10% blanket increase in (maintenance and spare parts). On the other hand, long-term growth catalysts are being reinforced as ASML expands beyond traditional EUV lithography into advanced packaging with its next-generation (hybrid bonding equipment). Despite localized market anxieties regarding European domestic demand, ASML’s technological moat and pricing strategies underpin its strong (market valuation) and secular growth trajectory.