[REVISION HISTORY]

US tech stocks swing amid AI demand

Updated 13 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-16 16:16 UTC → 2026-08-27 23:41 UTC · added ~~removed~~

The semiconductor and AI infrastructure sectors continue to exhibit high volatility driven by massive demand for AI-related hardware. Applied Digital reported a significant revenue surge of 407% to ~~$258.7 million, largely fueled by~~ nearly $260 million during its ~~high-performance computing segment and tenant fit-out services for hyperscalers like CoreWeave. Despite carrying $5 billion in debt, management is targeting an annualized net operating income run rate~~ fourth quarter of ~~$1 billion within a~~ fiscal year ~~and is evaluating a potential conversion~~ 2027. While the company remains unprofitable due to high capital requirements for data center construction and carries a ~~real-estate investment trust (REIT).~~ debt-to-equity ratio of 2.88, it projects revenue growth of 37% in 2027 and 127% in fiscal year 2028 as new sites become operational. Intel’s second-quarter results underscored this trend, with revenue increasing 25% year-over-year to $16.1 ~~billion—its strongest quarterly growth in approximately 15 years.~~ billion. This was propelled by a 59% jump in its Data Center and AI ~~division, benefiting from enterprise spending and the selection of Xeon 6 processors for Nvidia’s DGX Rubin systems.~~ division. However, Intel’s Foundry segment reported an operating loss of approximately $2.1 billion due to the high costs of competing with ~~TSMC, even as its revenue grew 31% year-over-year. The company is currently seeking third-party customers for its 18A process technology to improve profitability.~~ TSMC. Applied Materials ~~has~~ reported record-breaking fiscal third-quarter results, with revenue rising 25% year-over-year to $9.1 billion and non-GAAP earnings per share reaching a record $3.50. Growth was driven by demand for AI infrastructure, particularly in leading-edge chipmaking, DRAM, and advanced packaging, with DRAM revenue growing 52% year-over-year. Despite ~~providing~~ strong fourth-quarter guidance, the ~~company’s~~ stock fell approximately 5% to 6% in after-hours trading as analysts cited high market expectations and scrutiny regarding gross margins. In China, SMIC reported that AI-related demand continues to underpin orders, leading the company to implement price increases for its most sought-after capacity. Meanwhile, Sony Semiconductor Solutions and TSMC announced a joint venture in Japan to mass-produce next-generation image sensors starting in 2029.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.