Analysts Aren’t Buying Into AI Bubble Fears — Instead, They’re Even More Bullish

Analysts Aren’t Buying into AI Bubble Fears — Instead, They’re Even More Bullish

Key Points More arguments are being made that stocks are in an AI-driven bubble. Fundamentals counter that argument, with analysts continuing to be bullish on chipmaker stocks. NVDA, TSM and AMD continue to hold “Buy” ratings with higher price targets. Between the Trump administration’s ongoing trade war, the federal government shutdown and now regional banks disclosing issues with bad and fraudulent loans, markets are still attempting to shr…

TSMC raises outlook on ‘AI megatrend’

Taiwan Semiconductor Manufacturing Co. raised its revenue target for this year, in an endorsement of the “AI megatrend,” its CEO said. AI demand is “stronger than we thought three months ago,” said C.C. Wei, who has led the chipmaker since 2018. The higher goal reflects the company’s confidence despite US restrictions on China, which threaten to impact the business of TSMC’s customers like American chip giant Nvidia. “Even without China, there’s…

Chip stocks mixed despite TSM's bullish views on AI megatrend; analysts largely positive

Chip stocks were mixed after Taiwan Semiconductor Manufacturing (TSM) raised its outlook and highlighted "conviction in the AI megatrend."