SOXX

iShares Semiconductor ETF

While speaking at the event, Meta’s Zuckerberg committed to investing at least $600 billion in the U.S. through 2028.

The president did not provide a specific timeline or rates on Thursday, although he stated last month that he could charge rates as high as 100%.

Wall Street is optimistic about the AI opportunity for the company, as evident from a slew of price target hikes the stock received before and after the earnings announcement.

New Street Research analyst Pierre Ferragu told Barron’s that if Nvidia maintains its estimated 55% to 60% market share, the company could capture $1 trillion to $1.2 trillion in data-center revenue alone by 2030.

NVIDIA's (NVDA) Q2 beat was marred by a data center revenue miss and likely margin pressure in the long term, but ETFs like SMH and SHOC could help investors play the broad-based strength in the AI arena.

Bank of America downgraded Marvell’s stock to ‘Neutral’ from ‘Buy’, lowering its price target to $78 from $90.

According to a notice in the Federal Register, the restrictions take effect in 120 days and the companies will now need to obtain licenses to buy the equipment in China.

The custom chipmaker reported adjusted EPS of $0.67 for the second quarter of fiscal year 2026, more than double the year-ago’s $0.30 and aligning with the Fiscal.ai-compiled consensus estimate.

Among the risks the company listed are those related to market expectations for its annual operating income forecasts, rumors of new product launches, an elevated price-earnings multiple, and supply chain risks.