AI infra semis boom w/NVDA earnings catalyst
Key Questions
What drove the rebound in the chip sector after the recent selloff?
The chip sector rebounded following the selloff, though Tom Bowley noted negative divergences and shifting leadership within the group.
Why did Broadcom decline 3% according to the highlight?
Broadcom fell 3% due to margin compression and risks from hyperscaler insourcing.
What is the outlook for Micron ahead of its June 24 earnings?
Micron rallied +12% to $995 but faces downside risk per GF Value, which flags 146.5% overvaluation ahead of earnings.
What happened with Intel after the BofA upgrade?
Intel was upgraded by BofA, but the highlight notes that foundry losses continue to persist.
How is Amazon challenging Nvidia in the AI chip market?
Amazon is selling its Trainium chips directly to data centers, representing a direct challenge to Nvidia's dominance.
What caused Accenture's 19% plunge?
Accenture shares dropped 19% on a weak forecast, signaling that AI disruption is hitting IT services.
What technical pattern is shown in CRWV analysis?
CRWV technical analysis highlights an Elliott Wave pattern amid the broader AI infrastructure theme.
Why was NVDA downgraded by the SA analyst?
NVDA was downgraded due to exhausted momentum despite strong earnings, according to the SA analyst note.
Chip sector rebounded after selloff but Tom Bowley flags negative divergences and shifting leadership. Broadcom down 3% on margin compression, hyperscaler insourcing risk. Micron rallied +12% to $995 but GF Value flags 146.5% overvaluation; earnings June 24 with downside risk. Intel upgraded by BofA but foundry losses persist. Amazon selling Trainium chips directly to data centers, challenging Nvidia. Accenture's 19% plunge on weak forecast signals AI disruption hitting IT services. CRWV technical analysis shows Elliott Wave pattern. AI memory tightness through 2027. NVDA downgraded by SA analyst on exhausted momentum.