WS #13791
Microsoft plans to unveil Maia 300 AI chip in September and secure 300,000 units from TSMC for 2027, while Intel announced a $15B stock offering to fund AI capex, and Meta open-sourced Muse Spark 1.2, boosting AI infrastructure sentiment. Jefferies downgraded Apple to Underperform with a $263.66 PT on iPhone demand and margin concerns, while iPhone 18 Pro component costs surge 38% due to memory prices, pressuring AAPL.
AI infrastructure and semiconductor capex
Microsoft plans to unveil Maia 300 AI chip in September and secure 300,000 units from TSMC for 2027, while Intel announced a $15B stock offering to fund AI capex, and Meta open-sourced Muse Spark 1.2, boosting AI infrastructure sentiment.
Jefferies downgraded Apple to Underperform with a $263.66 PT on iPhone demand and margin concerns, while iPhone 18 Pro component costs surge 38% due to memory prices, pressuring AAPL.