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AMD Revenue Rockets 50%: 2 Undervalued Chip Stocks With Long-Term EPS Growth +100% - Seeking Alpha
Technology and ScienceBy Steven Cress8/5/20261 min read
Big tech earnings have reinforced the AI bull case, despite recent skepticism. Discover 2 undervalued semiconductor stocks poised to benefit in H2 2026.
✨ Key Highlights
- Early Magnificent 7 earnings have strengthened the AI bull case, indicating that AI spending is still accelerating and that hyperscalers remain committed to the buildout, a positive signal for upstream AI suppliers.
- SpaceX's reported AI revenue climbed 247% year-over-year, with management noting that AI demand is far outpacing memory supply, a favorable dynamic for key semiconductor names.
- AMD, the latest major AI name to report, saw revenue rise 50%, driven by a 107% surge in data center sales, while its Q3 revenue guidance also topped consensus expectations.
- A recent chip selloff combined with strong AI narratives from major tech companies is framed as a dip-buying opportunity in semiconductors with solid fundamentals.
- Using Seeking Alpha's screeners, SA Quant identified two additional chip opportunities—Micron (MU) and Sandisk (SNDK)—alongside AMD, highlighting similar growth potential and attractive valuations.
- The analysis was authored by Steven Cress, VP of Quantitative Strategy and Market Data at Seeking Alpha, who oversees the platform's quant ratings and co-manages Alpha Picks, and was published August 5, 2026.
Analysts Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opini