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Bank of America sees hyperscaler AI capex topping $1.2 trillion. Here's how semiconductor ETFs like SMH, SOXX and DRAM could benefit.
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Onto Innovation raised its Q3 2026 revenue guidance to $380M-$400M and increased full-year advanced packaging growth outlook to 80% from 50%, driven by strong demand for Dragonfly inspection products and advanced nodes. The company's record backlog exceeded $1.1B with 60-70% relating to 2026, supporting second-half revenue growth of at least 25% and operating margins reaching 32-33%.
Applied Materials has entered into an agreement to increase its stake in BE Semiconductor Industries (Besi) to approximately 20% of outstanding shares.
Filed: 2026-10-26 AccNo: 0001628280-26-067303 Size: 209 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
AllianceBernstein analyst Stacy Rasgon has reaffirmed a 'Buy' rating and a $700 price target for Applied Materials (AMAT).
Hinduja Global Solutions (HGS) has chosen Rackspace Technology to provide private cloud and AI compute infrastructure, utilizing AMD technology to support its enterprise AI strategy.
Marvell Technology is positioned as a major beneficiary of the AI infrastructure boom, particularly through its custom silicon business for hyperscalers. Management targets $30 EPS by 2030, with analysts projecting stock valuations ranging from $234 (pessimistic) to $780 (optimistic) depending on execution. The company's growth is driven by demand for custom AI chips, interconnect technology, and XPU attach products, though risks include customer spending changes and increased competition.