Semiconductor & AI Infrastructure ($NVDA,$MRVL, MU): After a sharp rate-induced pullback, AI hardware is stabilizing. Watch memory leaders like Micron as HBM3E spot prices maintain massive premiums, keeping underlying supply fundamentals tight despite macro duration drag.
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- WendyDelia·09-03 09:32HBM3E premiums are still the whole story here. Channel checks look a few points above Q1, and that keeps Micron margin support pretty sticky into next quarter 👀LikeReport
- cheeryk·09-03 09:32Duration drag here is probably the bigger lid than demand. If long yields stay sticky, AI hardware can stabilize without getting re-rated fastLikeReport