Overview
- Barclays upgraded Dell to Overweight, highlighting AI server momentum with roughly $9.4 billion in Q4 shipments and about $25 billion in full‑year AI server revenue.
- Wolfe Research named Nvidia its top AI pick for 2026, saying Blackwell is fully ramping and Rubin remains on track for a second‑half 2026 launch with major inference gains.
- The White House’s new 25% tariff on certain advanced semiconductors is likely to affect Nvidia’s H200 exports to China, according to Wolfe Research.
- KeyBanc raised Intel and AMD to Overweight, citing hyperscaler‑driven tightness in server CPUs, improving Intel foundry yields, and AMD visibility into MI355 and MI455 accelerator ramps with AI revenue estimated at $14–$15 billion this year.
- Nvidia expanded its AI platforms with the Vera Rubin launch timeline and BioNeMo upgrades and announced a $1 billion Eli Lilly research lab, as investors look to the Feb. 25 earnings call for Blackwell and Rubin execution details.