Wedbush：AI 革命推动英伟达芯片需求激增 美股科技股年底仍有上涨空间
Wedbush analysts stated that as the AI revolution progresses, the demand for NVIDIA chips has surged, and it is expected that U.S. tech stocks will have more than a 10% upside before the end of the year. The report pointed out that the demand-to-supply ratio for NVIDIA's next-generation GPUs is close to 10:1, indicating that the AI revolution is still in its early stages. Analysts believe that chip manufacturers such as TSMC, AMD, and Intel will benefit, and the tech bull market will last at least until 2026
According to the Zhitong Finance APP, investment bank Wedbush stated in its latest report that its research results in Asia show that the market holds an extremely optimistic attitude towards the "Artificial Intelligence (AI) revolution," and the demand for NVIDIA (NVDA.US) chips is accelerating, with this trend expected to continue until 2026.
The Wedbush analyst team, led by Daniel Ives, pointed out in the report: "In short, we see a significant acceleration in demand for NVIDIA chips. We estimate that the demand-to-supply ratio for NVIDIA's next-generation GPUs among enterprises is close to 10:1—this astonishing figure indicates that this AI revolution is still in a very early stage of development."
Analysts believe that this demand trend is extremely favorable for core chip manufacturers such as TSMC (TSM.US), AMD (AMD.US), and Intel (INTC.US). As the AI capital expenditure supercycle continues to advance, these key chip suppliers will experience sustained growth, with NVIDIA remaining the core beneficiary. Analysts added that supply chain checks found no signs of demand weakness; on the contrary, the current growth rate of demand far exceeds the expectations of most industry insiders in the Asia region.
Analysts stated: "We view this as another bullish signal for U.S. tech stocks. As the third-quarter earnings season approaches, we expect the performance of tech companies to match or even exceed the market's enthusiasm for AI, thereby driving tech stocks further up before the end of the year. In our view, this tech bull market will last at least until 2026."
Analysts noted that they observed numerous enterprise-level AI projects valued in the tens of millions (over ten million dollars) being approved ahead of schedule, which is a strong positive signal for hyperscale cloud service providers such as Microsoft (MSFT.US), Amazon (AMZN.US), and Google's parent company Alphabet (GOOGL.US). Additionally, they stated that Oracle (ORCL.US) occupies a good position in several large enterprise and government projects, which is also why they believe the "Oracle Renaissance" is still in its early stages and will maintain strong momentum in the coming years.
Analysts pointed out that although trade frictions and geopolitical tensions between the U.S. and China remain evident, "it is clear that this has not dampened the fundamental demand for these gold-standard NVIDIA chips driving the AI revolution." They further stated that tech stocks are expected to perform strongly before the end of the year, as the next phase of the AI revolution unfolds and the upcoming tech earnings season further attracts investors, potentially rising by more than 10% in the remaining time this year.
Analysts concluded: "In short, although investors in Asia still worry about the erratic tensions in U.S.-China relations, this 'soap opera-style' trade war may bring volatility, but we choose to focus on strong demand, expanding AI application scenarios, and supply chain feedback to further confirm our bullish stance on the AI revolution." Analysts indicated that their six top tech picks entering the earnings season and year-end include: Microsoft, NVIDIA, Apple (AAPL.US), Palantir (PLTR.US), Tesla (TSLA.US), and Alphabet
