Semiconductor Companies Likely to Stay Upbeat in Upcoming Earnings Season
Dow Jones
Yesterday
0629 GMT - Semiconductor companies are set to voice confidence during the upcoming earnings season despite concerns over the sustainability of AI infrastructure spending, Bernstein analysts say in a research note. AI investments are now so massive and are approaching major and hard limits that can't be simply explained by supply and demand, they say. Rising borrowing costs, increasing safety and environmental concerns as well as regulatory guardrails could trigger a deceleration in semiconductor demand. However, signals from the upstream semiconductor supply chain continue to point to unabated AI demand and continued shortage, they say. Bernstein still holds a positive view on the upcoming earnings results and outlooks offered as some of the concerns above have been priced in the recent correction.
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