Overview
- - Chipmakers rallied Friday, with Nvidia’s value topping $5 trillion and Intel shares jumping about 24% after a stronger‑than‑expected quarter and a higher Q2 outlook.
- - Intel reported Q1 revenue of $13.6 billion and adjusted EPS of $0.29, said data‑center and AI demand tightened supply enough to move shelved chips, and named Tesla as a major 14A foundry customer.
- - Micron said Q1 FY2026 revenue rose to $13.64 billion and guided Q2 to $18.7 billion, as scarce high‑bandwidth memory used with AI accelerators drove pricing power and order visibility reportedly into 2027.
- - Arm hit record highs as interest in CPUs rose with AI inference and “agentic” workloads, and the company unveiled an AGI‑focused CPU with Meta as lead partner for training Llama 4.
- - The fast rerating across chips has sparked debate about durability, with analysts flagging memory cyclicality, foundry and yield risks, and rich valuations even as AI infrastructure spending accelerates.