Morgan Stanley’s rotation thesis appears to be playing out.
Investors are not abandoning AI. They are moving from crowded hardware stocks toward companies that control cloud platforms, users and monetization.
Semiconductors may still have strong fundamentals, but the next phase of the AI trade could be more selective. AI is not over. Leadership is changing.
$Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $SanDisk (SNDK.US)$ $Micron Technology (MU.US)$ $SK hynix (SKHY.US)$ $NVIDIA (NVDA.US)$ $Amazon (AMZN.US)$ $Western Digital (WDC.US)$ $Seagate Technology (STX.US)$ $NEBIUS (NBIS.US)$ $CoreWeave (CRWV.US)$ $VanEck Semiconductor ETF (SMH.US)$ $PHLX Semiconductor Index (.SOX.US)$
...
Investors are not abandoning AI. They are moving from crowded hardware stocks toward companies that control cloud platforms, users and monetization.
Semiconductors may still have strong fundamentals, but the next phase of the AI trade could be more selective. AI is not over. Leadership is changing.
$Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $SanDisk (SNDK.US)$ $Micron Technology (MU.US)$ $SK hynix (SKHY.US)$ $NVIDIA (NVDA.US)$ $Amazon (AMZN.US)$ $Western Digital (WDC.US)$ $Seagate Technology (STX.US)$ $NEBIUS (NBIS.US)$ $CoreWeave (CRWV.US)$ $VanEck Semiconductor ETF (SMH.US)$ $PHLX Semiconductor Index (.SOX.US)$
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$Taiwan Semiconductor (TSM.US)$ delivered a high quality quarter, with record HPC exposure, margins above guidance and the first reported N2 revenue contribution.
The full year growth upgrade, higher capital spending and additional Arizona investment provide strong evidence that management expects the AI capacity cycle to remain durable. The central risk has shifted toward execution as TSMC attempts to expand N2, advanced packaging and its global manufacturing fo...
The full year growth upgrade, higher capital spending and additional Arizona investment provide strong evidence that management expects the AI capacity cycle to remain durable. The central risk has shifted toward execution as TSMC attempts to expand N2, advanced packaging and its global manufacturing fo...
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$ASML Holding (ASML.US)$ delivered a high-quality quarter, with revenue, net income and gross margin all exceeding expectations, followed by a material increase in full-year guidance. The most important long-term development is the planned expansion of EUV and DUV capacity.
The report shows that the AI capital-expenditure cycle is continuing to spread from chip designers into memory, foundries and semiconductor manufacturing equipment.
$Taiwan Semiconductor (TSM.US)$ $Intel (INTC.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $SK hynix (SKHY.US)$ $Micron Technology (MU.US)$ $PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$
...
The report shows that the AI capital-expenditure cycle is continuing to spread from chip designers into memory, foundries and semiconductor manufacturing equipment.
$Taiwan Semiconductor (TSM.US)$ $Intel (INTC.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $SK hynix (SKHY.US)$ $Micron Technology (MU.US)$ $PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$
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$Taiwan Semiconductor (TSM.US)$ , the world's leading foundry, is set to release its Q2 earnings on July 16. The market is watching closely to see whether this "last shovel seller of the AI gold rush" can deliver results strong enough to reverse the bearish sentiment weighing on the semiconductor sector.
$Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$ $Broadcom (AVGO.US)$ $Micron Technology (MU.US)$ $SanDisk (SNDK.US)$ $SK hynix (SKHY.US)$ $PHLX Semiconductor Index (.SOX.US)$ $Roundhill Memory ETF (DRAM.US)$
$Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$ $Broadcom (AVGO.US)$ $Micron Technology (MU.US)$ $SanDisk (SNDK.US)$ $SK hynix (SKHY.US)$ $PHLX Semiconductor Index (.SOX.US)$ $Roundhill Memory ETF (DRAM.US)$
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$ASML Holding (ASML.US)$ will report second quarter 2026 results on Wednesday, July 15. The central question is no longer whether demand is strong. ASML raised its full year outlook in April and said customer demand continued to exceed available chip supply.
Investors will instead be looking for evidence that ASML can convert that demand into system deliveries while protecting margins and navigating potential restrictions on its China bu...
Investors will instead be looking for evidence that ASML can convert that demand into system deliveries while protecting margins and navigating potential restrictions on its China bu...
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Moomoo Recap US
commented on
Korea's Monday crash — KOSPI down ~9% and SK Hynix down ~15% — showed the global AI-hardware trade is de-leveraging, yet Nvidia and Meta already led the bounce. This is the retest week: seven earnings reports (five big banks + TSMC + ASML) decide whether today's rich multiples are earnings-backed, or borrowing from the second half. Four things we track
1. AI hardware — hedge funds have cut semis to an extreme low, while ASML (Wed) and TSMC (Thu) test ...
1. AI hardware — hedge funds have cut semis to an extreme low, while ASML (Wed) and TSMC (Thu) test ...
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Of the four — chips, banks, CPI/Warsh, oil — which moves your book most? Proving ground or final drop? Comment your call.
Moomoo Recap US
commented on
The $149 ADR price is bullish because it is not a cheap entry price; it is a premium print. Institutions are effectively saying SK Hynix is no longer just a Korean cyclical memory stock. It is becoming a direct U.S.-traded AI memory bottleneck.
The near-term trade is about allocation, scarcity and first-day liquidity. The medium-term debate is more important: if SK Hynix can prove that HBM leadership, LTAs and buybacks make ea...
The near-term trade is about allocation, scarcity and first-day liquidity. The medium-term debate is more important: if SK Hynix can prove that HBM leadership, LTAs and buybacks make ea...
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$Broadcom (AVGO.US)$ is being rewarded because the deal improves two things at once.
First, it reduces near-term Apple replacement risk. $Apple (AAPL.US)$ is still moving more silicon in-house, but Broadcom remains embedded in the RF and custom silicon roadmap through 2031.
Second, it strengthens the AI ASIC narrative. Broadcom is not just selling mobile components. It is also becoming a key custom silicon partner for large technology platforms.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $S&P 500 Index (.SPX.US)$ $VanEck Semiconductor ETF (SMH.US)$ $Nasdaq Composite Index (.IXIC.US)$
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First, it reduces near-term Apple replacement risk. $Apple (AAPL.US)$ is still moving more silicon in-house, but Broadcom remains embedded in the RF and custom silicon roadmap through 2031.
Second, it strengthens the AI ASIC narrative. Broadcom is not just selling mobile components. It is also becoming a key custom silicon partner for large technology platforms.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $S&P 500 Index (.SPX.US)$ $VanEck Semiconductor ETF (SMH.US)$ $Nasdaq Composite Index (.IXIC.US)$
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Moomoo Recap US
commented on
If hyperscalers raise capex again, it would likely be bullish for AI semiconductor names. It would suggest that AI demand remains capacity constrained and that order visibility is still improving.
If capex is not raised but remains at a high level, the reaction may still be supportive. BofA’s updated estimates already imply a very large AI spending cycle through 2028.
But if capex is lowered or delayed, the market could quickly ques...
If capex is not raised but remains at a high level, the reaction may still be supportive. BofA’s updated estimates already imply a very large AI spending cycle through 2028.
But if capex is lowered or delayed, the market could quickly ques...
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Moomoo Recap US
commented on
$Samsung Electronics (005930.KR)$ 's Q2 guidance was a strong confirmation of the memory upcycle, but the stock reaction shows that expectations are already very high. For SK hynix and $SanDisk (SNDK.US)$ , the data still points to strong DRAM, NAND, HBM, and SSD fundamentals.
The next test is whether upcoming memory earnings and $SK hynix (SKHY.US)$ 's Nasdaq debut can turn strong industry pricing into a fresh re-rating. The opportunity is clear, but so is the risk: me...
The next test is whether upcoming memory earnings and $SK hynix (SKHY.US)$ 's Nasdaq debut can turn strong industry pricing into a fresh re-rating. The opportunity is clear, but so is the risk: me...
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