AI Stocks & Markets

Today's Stories

1. 1

   QUALCOMM stock down 21% in 3 months; AI and auto push seen lifting it to $196

   Qualcomm shares have fallen 20.90% over 90 days and 6.75% over 30 days, bringing the stock to $160.19. The pullback reflects ongoing handset segment weakness, but the company is gaining traction with its Snapdragon Digital Chassis among major automakers and expanding AI platform use in PCs, robotics, and smartphones. Analysts see the automotive and industrial IoT segments—with a combined $22 billion revenue target by 2029—as a margin-accretive growth driver that could diversify Qualcomm beyond smartphones. The most-followed valuation narrative assigns a fair value of $196.27, implying the stock is 18.4% undervalued at current prices, hinging on the company's ability to scale these higher-margin businesses faster than smartphone weakness erodes earnings.

   The core risk to this thesis is whether handset weakness persists or Apple-related revenue fades faster than expected, while newer AI and data center bets take longer to scale than the narrative assumes. Investors are weighing whether the recent pullback is an early entry point or a signal to wait for an even lower price.

2. 2

   SanDisk unveils 9th-gen AI flash memory; stock up 491% YTD amid valuation debate

   SanDisk unveiled a 9th generation 2Tb QLC 3D flash memory platform developed with Kioxia, designed for AI-heavy cloud workloads. The stock has surged 27.91% in the past 7 days and 490.68% year to date, though it declined 9.01% in a single recent session. The new platform targets rapid data center NAND exabyte growth driven by AI and cloud expansion, positioning SanDisk's enterprise SSD portfolio to benefit from sustained revenue acceleration and higher pricing power. However, valuation analysts diverge sharply: one narrative pegs fair value at $1,772.91 (suggesting 8.3% upside from the $1,625.78 close), while a discounted cash flow model values the stock at $1,202.86 (suggesting potential downside if growth or margins soften).

   The thesis depends on tight NAND supply and strong data center AI demand; any oversupply or slower AI buildout could undermine the case for the higher valuation. Investors should weigh the 3 key rewards and 2 important warning signs outlined in the full analysis before taking a position.

3. 3

   Micron Poised for AI Memory Boom as Agentic Systems Demand Ramps

   Micron reported third-quarter fiscal 2026 revenues of a record $41.46 billion, up 345.7% year over year and 73.7% sequentially, driven by AI demand. The company expects industry data center DRAM and NAND bit shipments in 2026 to more than double from two years earlier, as agentic AI workloads—systems that reason, plan, and execute tasks—require more memory across accelerator racks, CPU racks, and storage. Agentic AI expands memory needs beyond accelerator chips alone into CPU and storage infrastructure, potentially making memory a larger share of overall AI infrastructure spending. Micron's Core Data Center Business unit revenues jumped to $11.52 billion from $1.53 billion year-over-year, signaling strong near-term capture of this shift.

   Micron's HBM4 is in high-volume shipment and HBM4E is expected to enter production in 2027; the company's PCIe Gen6 SSD is purpose-built for agentic workloads. Zacks consensus estimates project Micron fiscal 2026 revenues of $129.61 billion (246.8% year-over-year growth) and fiscal 2027 revenues of $248.08 billion (91.4% growth).

4. 4

   Marvell offers Google $12.2B stake option in custom AI chip deal

   Marvell Technology has given Google an option to buy a $12.2 billion stake as part of a custom AI chip partnership between the two companies. The deal underscores Google's deepening investment in custom silicon for its data centers, reducing reliance on off-the-shelf chips and helping manage AI infrastructure costs at scale.

   The specifics of the stake acquisition terms, including timing and conditions for Google to exercise the option, have not been disclosed in the announcement.

5. 5

   Marvell stock surges 10% on Google's $12.2B share purchase deal

   Marvell Technology shares rallied nearly 10% after the company announced a deal allowing Google to purchase up to $12.2 billion in Marvell shares—specifically up to 58,970,907 shares at $206.58 apiece—with purchasing targets tied through the 2033 fiscal year. The expanded partnership will cover products that attach to Google's tensor processing unit (TPU) ecosystem, including AI inference accelerators and storage and network interface controllers. Google and other major tech firms (Amazon, Meta, Microsoft) are building custom silicon chips to reduce their dependence on Nvidia's expensive processors for AI workloads. This deal signals Google's deepening commitment to Marvell as a supplier and underscores the strategic importance of securing homegrown chip capacity. For Marvell, the guaranteed purchase commitment represents substantial revenue visibility.

   Broadcom's stock fell about 5% on Wednesday—a notable shift, given that Google had largely collaborated with Broadcom on custom chips over the last decade and expanded that deal in April. The competitive dynamic between Marvell and Broadcom as Google's silicon partners will be worth monitoring.