To The Moon

South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets are almost sold out for 2025, after their 2024 chips were fully booked.

Being Nvidia supplier and the world's second-largest memory chipmaker, the company highlighted that 2025 HBM volumes were almost sold out amid a rapid expansion of AI technology into a wider range of on-device applications such as smartphones, PCs, and automobiles. The growth in semiconductor seems to be promising in future. Let's look into a few AI and semiconductor related stocks.

NVDA

Nvidia currently boasts an estimated 80% share of the market for AI-powering processors.

The company used last month's GTC event to unveil the newest iteration of its lineup, the Blackwell GPU architecture. This architecture could command a 40% premium to the current range for H100 chips, which go for between 30,000 and 40,000 USD each. Nvidia is scheduled to report first-quarter earnings on May 22.

Nvidia daily chart

Nvidia seems to regain its uptrend momentum recently. It successfully breaks out from its downtrend line earlier this week. Moreover, the share price stands back above to the EMA50 line. The pullback seems to be over and I believe$NVIDIA Corp(NVDA)$  is ready for another wave of rally towards the ATH.

AMD

Advanced Micro Devices stock was heading lower after the company reported first-quarter results that slightly edged guidance and Street estimates.

For the quarter, AMD posted revenue of $5.5 billion, up 2% from a year ago, just above the midpoint of the company's guidance range at $5.4 billion. 

AMD daily chart

How about AMD chart? From the diagram above, it seems like AMD is reaching the EMA200 support, challenge the support twice for the past weeks. Usually, this line acts as a super strong support and usually most of the stocks will rebound here, else the uptrend is finish. The stock might continue to consolidate but I remain bullish for $Advanced Micro Devices(AMD)$  for mid term trend, as long as it stays well above the EMA200 line.

PLTR

Palantir, one of the forerunners of modern artificial intelligence, is scheduled to report the results of its fiscal 2024 first quarter after market close on Monday. Palantir has long been a leader in the development of AI, but investors will be watching closely to see if the company can continue to capitalize on recent demand and whether the current strong interest will continue.

PLTR daily chart

PLTR, forms a short term uptrend now after breakout from its downtrend parallel channel. Next week earnings will be the key deciders, I have confident in the company fundamental and the recent breakout from the downtrend parallel channel make me give a bullish vote for $Palantir Technologies Inc.(PLTR)$  

Intel

Intel, once the biggest and most valuable U.S. chip company, has been surpassed by numerous rivals in recent years due to a series of missteps. The shares plummeted further last week following disappointing earnings.

Intel is now the worst-performing tech stock in the S&P 500 this year, while rival chipmaker Nvidia is the second-best performer in the index.

Intel daily chart

Technical chart a full bearish trend for $Intel(INTC)$ . Moreover, a death cross is formed between EMA50 and EMA200, signifies the end of the uptrend in mid and long horizon. For such, I remain bearish for Intel until there's some sign of trend reversal. Short term rebound is possible but not suitable for hold.

SOXL

If we look at the overall semiconductor index, represented by SOXL, the share price has a strong technical rebound after touching EMA200 trend line support.

SOXL daily chart

As we can see from the chart above, SOXL rebounded twice when touching the critical EMA200 line, and now it is challenging the downtrend line. I believe with the positive earnings from the semiconductor co mpanies recently, $Semiconductor Bull 3X Shares(SOXL)$ is highly possible to breakout and trend higher soon.

Do you like AI stocks? The correction is over and ready for another wave of rebound? Which is your top choice of semiconductor stocks?

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