Melius Research has identified Advanced Micro Devices (AMD), Intel (INTC), and Apple (AAPL) as leading contenders for the AI "catch-up" trade in the second half of 2024. Julie Hyman and Josh Lipton, Market Domination anchors, discuss Melius Research analyst Ben Reitzes' note on these AI-related tech stocks. For more expert insights and the latest market updates, click here to watch the full episode of Market Domination. This article was written by Luke Carberry Mogan. Video Transcript Let's shift focus to another mover. Melius Research suggests that the second half of the year could bring significant gains for companies such as Intel, AMD, and Apple. Analyst Ben Reitz calls it the catch-up trade for stocks that have underperformed in the first half. He points to a similar phenomenon seen last year when these stocks struggled in the first half and then caught up in the second half. These are just a few of the companies he mentions. Reitz also highlights the positive impact of Apple's product cycle and the rebound of semiconductors like AMD and Intel. Furthermore, Reitz's note highlights that Nvidia's Blackwell isn't the only product cycle to watch in the second half.
Surprisingly, there is more to it. Therefore, as you mentioned, Julie, I find Reitz's note compelling—time to pay attention to the AI laggards once again being the focus. He discusses Apple and the iPhone 16, emphasizing that street estimates for the iPhone franchise are low. Additionally, he mentions the significance of AI-ready PCs as a major theme. While there are still uncertainties about how this will unfold, Reitz suggests that it benefits companies like Intel, AMD, and even IBM, which performed below expectations in the first half. He notes that IBM has revenue upside from Red Hat and highlights the positive impact of recent acquisitions. It's worth mentioning that the rally in Taiwanese semiconductors is also contributing to this trend. Today, we saw a significant chip rally, with TSM's market cap surpassing a trillion dollars and its valuation in the US market.
None
Salesforce’s analysis of the 2025 Cyber Week shopping period reveals record global retail sales totaling $336.6 billion, marking a 7% increase from the previous year.
The rapid advancement of artificial intelligence (AI) has sparked significant debate and concern among experts, particularly about its long-term impact on humanity.
This is sponsored content; Barchart does not endorse the websites or products mentioned below.
Google's DeepMind has recently unveiled an innovative AI system called AlphaCode, representing a major leap forward in artificial intelligence and software development.
I’m closely monitoring the emergence of agentic SEO, convinced that as capabilities advance over the next few years, agents will significantly influence the industry.
Peter Lington, Area Vice President at Salesforce’s Department of War, highlights the transformative effects that advanced technologies will have on the Department of War within the next three to five years.
Sprout Social has firmly established itself as a leading player in the social media management industry by embracing advanced AI technology and forging strategic partnerships that foster innovation and enhance service offerings.
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Create your own avatar to work for you — completely free of charge!
Sign up with
Google
We've sent a confirmation email to
Please check your inbox and click the link to complete your registration
Didn’t receive it? Check your Spam or Promotions folder
and get clients without any advertising investment!
Create and publish viral social media content on autopilot
AI sales managers work 24/7, with no need for sleep, food, or breaks, and speak all languages.
You have unsubscribed from the mailing list recklessly but successfully.
We are not saying goodbye and look forward to seeing you again.