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Alphabet stock jumped over 3% after unveiling the TPU 8tx and TPU 8i Max, specialized AI chips aimed at secure computing and higher performance, signaling a deeper challenge to Nvidia.
Oppenheimer lifted AMD to Outperform with a $600 price target, citing a projected 135% jump in data‑center revenue and 80% overall sales growth for 2027.
Nvidia and AMD recovered modestly on Friday after steep losses, yet analysts warn the AI sector may be entering a correction or early bubble phase.
SEC filings show insiders at nine public AI firms cashed out over $7 billion between May and October, just before the sector’s index fell sharply.
Wall Street lost roughly $2 trillion in market value within an hour after Democrats secured Congress, sparking a sharp decline in AI‑related chip stocks and broader indices.