While the geopolitical and macro context continue to raise questions, the corporate profits still provide quite convincing answers, especially in the sector of technological Usa. In recent days, while most sectors have suffered heavy losses on fears that a surge in theinflation, resulting from war tensions and the rise in oil prices, could induce the central banks to raise rates, the technology sector has held up, while leading companies have shown with their quarterly in which the question di tech in general and of artificial intelligence in particular It will remain solid for years to come.
"We just had a record-breaking earnings season, with excellent fundamentals driven by the growing adoption of artificial intelligence. AI adoption is still in its early stages and is just accelerating; we could see exponential growth from here," Lauren Cassidy, chief investment officer at Founders 100 ETF, told Reuters, noting that "once the tensions in the Middle East subside, the energy market will cool and inflation will no longer be such a significant issue."
The Philadelphia SE semiconductor index, which has fueled much of the stock market's gains so far this year but has lost nearly a quarter of its value since the end of June, still rose 0,4% on Wall Street yesterday, but more significant gains were made by sector champions: Nvidia rose by 3,2%, while Micron e Qualcomm gained 2,4% and 2,0% respectively.
But above all it is worth noting that jump of 16% yesterday of the hardware manufacturing company Dell Technologies after raising its annual revenue forecast by $25 billion, while also raising its profit forecast for the second time this year, driven by growing demand for AI servers. "Demand is expanding across neocloud, sovereign, and enterprise customers, and our customer base has surpassed 6.500," Chief Operating Officer Jeff Clarke said during a conference call following the results release, which was interrupted for about 10 minutes by a technical issue. "Over the past 12 months, we've booked orders for AI servers worth more than $130 billion," he said.
Yesterday, after the official closing of trading also Broadcom has published its quarterly results a strong increase in chip sales for artificial intelligence over the next two years, demonstrating that major tech companies' interest in AI infrastructure remains unchanged. Despite the impressive data, investors were dismayed because revenues fell slightly short of analyst consensus, and the stock price in pre-market trading indicated a 1% decline, paring initial losses. The company is targeting revenues of approximately $34,8 billion, compared to the $35,03 billion expected by analysts, according to London Stock Exchange Group. The stock has gained approximately 6% this year. Broadcom, whose custom AI chips Used by companies including Meta Platforms, Alphabet's Google, and OpenAI, Broadcom forecasts AI chip revenue of approximately $115 billion in the fiscal year ending October 2027, up from its previous forecast of over $100 billion. The company expects that figure to double to approximately $230 billion in fiscal 2028. As major tech companies rush to build AI infrastructure, reservations for Broadcom's AI chips surpassed $30 billion in the latest quarter alone.
Chief Executive Officer Hock Tan told analysts that Broadcom has secured enough supply to support its most optimistic forecast for next year, while the customer demand continues to growHe also said the company has visibility into further AI infrastructure deployments through 2028, including more than 10 gigawatts for Anthropic, more than 5 GW for OpenAI, and 3 GW for Meta. In the third quarter, AI chip sales more than tripled to $16,7 billion, bringing Broadcom's total revenue to $29,59 billion, beating estimates of $29,36 billion. Adjusted earnings per share came in at $3,32, versus the $3,24 forecast.
And what about the cloud data platform provider? Snowflake Shares jumped more than 24% before the market opened on Thursday after announcing its solid annual revenue forecast. The company raised its revenue forecast for fiscal 2027 from $5,84 billion to $6,07 billion and reported a 37% increase in second-quarter revenue. According to CEO Sridhar Ramaswamy, its AI-based offerings accounted for "about half of the acceleration" in growth, emphasizing how the boom in technology spending could benefit software companies traditionally considered more vulnerable to AI disruption.
At the end of August it had been Nvidia Setting a blistering pace for Wall Street's tech sector after a monstrous quarterly revenue of $96,2 billion, up 106% year over year, with Data Center revenue reaching $89 billion (+117%) and GAAP net income soaring to $59,688 billion versus $26,422 billion a year ago, up 126%. Most importantly, Nvidia forecast 70% sales growth next year and warned that the boom in artificial intelligence spending will continue for years to come.
