AI Stocks & Markets

Today's Stories

1. 1

   Apollo, Blackstone finance Broadcom chip bet for Anthropic

   Apollo Global Management and Blackstone have structured financing for a major artificial intelligence chip deal involving Broadcom and Anthropic, shifting the capital burden away from the companies themselves. By using alternative financing structures, large investors are effectively bankrolling the AI infrastructure race that smaller companies like Anthropic cannot fully fund alone. This trend could reshape how AI companies build out their computational capacity.

   The financing deal underscores how venture-backed AI firms are turning to established financial firms and major asset managers to shoulder the cost of expensive chip purchases—a pattern that may become standard as AI development scales.

2. 2

   Bank of America favors Micron over Qualcomm as memory gains in AI spending

   Bank of America gave Micron Technology a Buy rating and $1,550 price target, saying memory chipmakers offer a stronger investment case than Qualcomm as artificial intelligence reshapes semiconductors. The brokerage cited memory now representing roughly 35% to 40% of cloud AI capital spending, well above historical levels. Memory stocks trade at modest valuations despite this spending shift, reflecting investor concerns about pricing and customer concentration. Bank of America argues the market may be underestimating a shift toward longer-term supply agreements and more stable pricing—a transition that could support higher valuation multiples over time.

   Bank of America maintained an Underperform rating on Qualcomm, citing uncertainty around whether its custom silicon efforts will succeed and the impact of China business and future patent licensing deals with Apple.

3. 3

   Robinhood Users Favor AI Stocks—Five Tech Giants Top Investor Picks

   Robinhood Markets' Investor Index, which tracks the most popular stocks among its customer base, shows that five leading tech and AI companies dominate the top 10. They are SpaceX, Nvidia, Alphabet (Class A shares), Microsoft, and Meta Platforms. These companies sit at the center of artificial intelligence's next wave. Nvidia supplies the GPUs that run AI; Microsoft is a cloud computing leader; Meta may soon enter that market; and SpaceX plans to build AI data centers in orbit. Large tech firms have already created substantial economic value over the past decade as the world became more digital, positioning them well for the next frontier.

   The "Magnificent Seven" megacap tech stocks account for approximately 35% of the S&P 500, and four of the five stocks listed are among them. Industry research estimates that AI could create trillions of dollars in economic value over the coming decades, with opportunities ahead in agentic AI and humanoid robotics.

4. 4

   AI stocks surge 23% in 2026; Nvidia, Celestica eyed as earnings catalysts

   The Global X Artificial Intelligence & Technology ETF has gained 23% in 2026, outpacing the Nasdaq Composite's 13% rise. Bank of America analyst Vivek Arya projects AI infrastructure build-out will remain a market driver through year-end. Nvidia has gained just 11% this year despite being dominant in AI chip design with an estimated 80% to 90% market share, while Celestica has pulled back nearly 24% from its early-June 52-week high. Hyperscalers (large cloud providers) including Alphabet, Amazon, Meta Platforms, and Microsoft are poised to raise collective capital expenditure in 2026 by 77% to a record $725 billion（約120兆円）, well above the original $500 billion（約80兆円） analyst estimate. Combined contractual backlogs for Google, Microsoft, Amazon, and Oracle total $2.1 trillion（約340兆円）, meaning these companies may accelerate data center construction, which would drive sustained demand for Nvidia systems and Celestica's AI networking and processor components.

   Nvidia's consensus earnings per share are projected at $16.15 by fiscal 2029, implying 50% compound annual growth over three years; if the stock trades at 30× earnings by then, its price could reach $484 (a potential 129% gain). Celestica's Q2 guidance of $4.3 billion（約6900億円） points to 49% year-over-year revenue growth, with adjusted earnings rising 61% at the midpoint; consensus projects its 2026 earnings per share at $10.29, and at 30× forward earnings with $18.95 EPS in three years, the stock could reach $568 (58% upside).

5. 5

   JPMorgan Says Nvidia's Co-Packaged Optics Rollout on Track, Backs Lumentum

   JPMorgan analyst Samik Chatterjee reiterated an Overweight rating on Lumentum Holdings Inc. (NASDAQ:LITE) on June 11, maintaining a $1,130 price target. He cited supply-chain checks indicating that Nvidia's large-scale co-packaged optics (CPO) rollout remained on track and may be ahead of schedule, pushing back on investor concerns about delays. Lumentum develops optical and photonic technologies for AI and cloud networking. Co-packaged optics places optical engines close to switch chips to increase bandwidth while reducing power consumption in large AI systems. JPMorgan's assessment suggests sustained demand for Lumentum's components, with potential to broaden beyond Nvidia to cloud-service providers and other customers.

   JPMorgan valued Lumentum at roughly 25 times estimated 2028 earnings, viewing that as reasonable given projected annual earnings growth above 40%. The thesis depends on deployment schedules, customer concentration, and Lumentum's ability to convert product demand into sustained shipments and earnings growth.