Citigroup Survey: Nvidia Still the Favorite, Broadcom Catching Up, Concerns About Micron, Bearish on AMD
A Citigroup survey shows that $Broadcom (AVGO.US)$ is catching up to $NVIDIA (NVDA.US)$ , becoming the largest holding among investors, as Broadcom gains more AI customers and value from VMware. Meanwhile, investors' sentiment towards Nvidia is cooling.
Goldman Sachs is optimistic about $Advanced Micro Devices (AMD.US)$ and $Arm Holdings (ARM.US)$ 's upcoming earnings reports but bearish on $Intel (INTC.US)$ .
Goldman expects AMD's Q2 results and guidance to meet market expectations, with double-digit growth in its data center business.
ARM's Q2 results and guidance are expected to exceed market expectations, with a compound annual growth rate of 23% over the next three years.
In contrast, Intel's Q2 results and guidance are expected to disappoint Wall Street, with its server CPU market share under pressure from competitors.
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