This article first appeared on GuruFocus.
Advanced Micro Devices (NASDAQ:AMD) gained the most attention from investors this week as Citi said the chipmaker appeared to have the strongest momentum following its recent analyst event, according to a Tuesday note to clients.
Citi analyst Christopher Danely said investors favored AMD based on expectations for higher earnings-per-share growth heading into calendar 2027. Danely added that updated revenue and margin targets helped reinforce confidence in AMD’s long-term outlook.
Broadcom (NASDAQ:AVGO) also remained a major position for many portfolios, though some investors raised concerns about limited visibility on potential upside tied to merchant tensor processing units. Danely said sentiment may shift once Broadcom releases results next month.
Nvidia (NASDAQ:NVDA) has dominated the AI trade for nearly two years, but Danely noted that conversations suggested the stock was becoming less preferred than AMD or Broadcom as its earnings growth moderates.
Intel (NASDAQ:INTC) also drew renewed interest as investors weighed speculation around its foundry strategy and signs of improvement in its server CPU business. Danely said, however, that profitability challenges remain.
Some investors questioned the sustainability of the recent enthusiasm around Micron (NASDAQ:MU) and semiconductor equipment makers, while sentiment toward analog chip companies stayed weak, except for Analog Devices (NASDAQ:ADI).