WS #16913
The semiconductor sector is showing a clear divergence between consumer and infrastructure segments. Qualcomm and Arm are sliding as weak smartphone chip sales overshadow broader data-center momentum. In contrast, Coherent is surging on strong demand for AI infrastructure components. This split highlights the resilience of AI capex despite broader consumer electronics weakness, with ACM Research also beating estimates and raising its outlook.
Semiconductor and AI Infrastructure Divergence
The semiconductor sector is showing a clear divergence between consumer and infrastructure segments. Qualcomm and Arm are sliding as weak smartphone chip sales overshadow broader data-center momentum. In contrast, Coherent is surging on strong demand for AI infrastructure components. This split highlights the resilience of AI capex despite broader consumer electronics weakness, with ACM Research also beating estimates and raising its outlook.