GF Securities sees Marvell guidance raise on hyperscaler ties

BNP Paribas raised its price target on AMD by 60% to $960, citing remarkable strength in CPUs driven by artificial intelligence, while keeping a Neutral rating on the Dr. Lisa Su-led company. Analyst Karl Ackerman wrote that AMD is increasingly becoming a leading provider of AI infrastructure, successfully pivoting from a silicon pure-play to a full-stack systems platform, and said the firm's new agentic CPU model supports above-consensus estimates driven by AMD's leadership and roadmap to capture a growing share of a roughly $245B agentic CPU total addressable market by 2030. Ackerman noted that AMD's Helios AI accelerators have become a credible second source to Nvidia, backed by 14 gigawatts of commitments, and that the success of Helios, improvements in ROCm integration, and the recent acquisition of World Labs bolster AMD's opportunity to address frontier AI deployments, with OpenAI, Meta, and Anthropic having announced multi-gigawatt agreements and AMD potentially capturing at least 8% of the more than $1T 2030 GPU market. The analyst added that AMD expects ASICs and XPUs to serve roughly 25% of the accelerator market over time, with the Cerebras partnership pairing Helios for high-throughput inference with Cerebras' Wafer-Scale Engine for ultra-low-latency token generation, and the Taalas acquisition adding IP and engineering talent for AMD's own low-latency silicon. AMD shares were modestly lower in Monday trading.

Iran said it will not reopen the Strait of Hormuz until the United States meets seven conditions outlined in an earlier agreement, Reuters reported, a stance that could prolong disruptions in one of the world's key energy corridors and keep investors focused on oil prices, shipping and inflation. Separately, Senators Elizabeth Warren and Josh Hawley are investigating how major home and auto insurers process claims after a Wall Street Journal report found rising odds that some policyholders receive no payout, asking six large insurers for data and explanations. Cerebras Systems shares rose as much as 8.1% in early trading after OpenAI CEO Sam Altman described the chipmaker as a close partner with a deep engagement focused on improving speed. German robotics startup RobCo sold $40M of shares in a transaction valuing the company above $1B, double its level earlier this year, with most of the shares sold by employees to new and existing investors. Revolut's latest secondary share sale values the London-based fintech at $115B, up more than 50% from its $75B valuation in November 2025, making it Europe's most valuable startup ahead of established banks including Barclays and Société Générale.

Intel's Data Center and AI revenue rose 59% year-over-year to $6.3 billion in the second quarter, outpacing the company's overall topline growth of 25%, as the chipmaker pushes an AI-driven turnaround built on CPUs, ASICs, advanced packaging and its foundry network. CEO Lip-Bu Tan said Intel can currently meet only roughly half of processor demand, a supply constraint the article frames as a potential market-share opportunity rather than a pure setback. Intel holds a 49% stake in chipmaker Altera, which has confidentially filed for a U.S. IPO, and management has issued a mid-20% revenue expansion outlook for 2026. The stock closed at $120.23 on September 30, a 225.83% year-to-date return, giving Intel a market capitalization of $635.55 billion, roughly 11 times trailing revenue of $57.03 billion, with a forward P/E of 63.29x. Hedge fund holdings tracked by Insider Monkey rose to 138 in the second quarter of 2026 from 112 in the first quarter, with BlackRock the largest institutional stakeholder at 426.48 million shares, or 8.46% of outstanding shares, as of June 30.