Several companies are making significant strides in the AI sector, driving growth and investment across various industries. Taiwan Semiconductor Manufacturing (TSMC) reported a 39.6% surge in May sales due to high demand for AI chips from major players like Nvidia and Apple, leading to increased production and facility expansions. Tech analyst Dan Ives highlighted Nvidia, Microsoft, and Broadcom as key AI stocks in his new ETF, emphasizing their roles in AI chips, cloud services, and semiconductor parts for AI data centers, respectively. Shopify is also gaining attention as an AI stock, with analysts noting its potential to benefit from the growth of AI in e-commerce. AI startup Lovable is in talks to raise $100 million for its 'vibe coding' technology, potentially valuing the company at $1.5 billion. Alphabet (Google) is viewed as undervalued with significant AI opportunities, while OpenAI is considering using Google Cloud for AI data center capacity, despite its close ties to Microsoft. Meta's stock is also rising due to its investments in AI and improved financial outlook. A Tropic study indicates that 86% of finance leaders plan to invest in AI by 2026, aiming for improved efficiency and productivity.
Key Takeaways
- TSMC's May sales soared by 39.6% due to strong demand for AI chips from companies like Nvidia and Apple.
- TSMC is expanding its facilities in Arizona and Taiwan to increase AI chip production.
- Dan Ives' new ETF features Nvidia, Microsoft, and Broadcom as top AI stocks.
- Analysts suggest Shopify is an overlooked AI stock with significant growth potential in e-commerce.
- AI startup Lovable is seeking $100 million in funding for its 'vibe coding' technology.
- Alphabet (Google) is considered undervalued, with AI presenting a major growth opportunity.
- OpenAI is considering using Google Cloud for AI data center capacity.
- Meta's stock is recovering, driven by investments in AI and a positive financial outlook.
- A Tropic study reveals that 86% of finance leaders plan to invest in AI by 2026.
- CleanSpark, Kingsoft Cloud Holdings, and Snap Inc. are experiencing rapid growth in the US stock market.
Taiwan Semiconductor sales soar 39.6% amid strong AI chip demand
Taiwan Semiconductor Manufacturing (TSMC) reported a big jump in May sales, up almost 40% from last year. This increase happened because companies are buying more chips, especially for AI. TSMC makes chips for big companies like Nvidia and Apple. The company made over $10 billion in revenue last month.
TSMC sales jump nearly 40% due to AI chip demand
TSMC's sales increased by 39.6% in May, reaching NT$320.5 billion ($10.7 billion), because of high demand for AI chips from companies like Nvidia and Apple. Although this was a slight decrease from April, analysts predict a 50.3% sales increase for the second quarter of 2025. CEO C.C. Wei mentioned that they are increasing production to meet the high demand for AI chips. TSMC is also expanding its facilities in Arizona and Taiwan to make more chips.
TSMC sales surge as Nvidia and Apple stockpile AI chips
TSMC's sales jumped 39.6% in May, reaching NT$320.5 billion ($10.7 billion), driven by strong demand for AI chips from Nvidia and Apple. First-half sales are up 43% as chipmakers rush to get AI accelerators. CEO C.C. Wei said they are increasing production to fix supply issues. TSMC is expanding in Arizona and Taiwan to boost production of advanced chips like H100 and next-gen Gaudi GPUs.
Analysts say Shopify is an AI stock to watch
Analysts think Shopify is an AI stock that people aren't paying enough attention to. Wells Fargo gave Shopify an "Overweight" rating and increased its price target to $125. Shopify is working with companies like OpenAI and Meta to use AI in its services for businesses. Wells Fargo believes that Shopify will benefit from the growth of AI in e-commerce, which could reach $505 billion by 2030.
Dan Ives picks his top 3 AI stocks for new ETF
Tech analyst Dan Ives launched a new ETF focused on AI companies. The top three stocks in the ETF are Nvidia, Microsoft, and Broadcom. Ives believes these companies will lead the AI revolution. Nvidia makes AI chips, Microsoft provides cloud services and AI through Azure, and Broadcom makes important semiconductor parts for AI data centers.
These 3 tech stocks in the US are growing fast
The US stock market is doing well, and these three tech companies are growing quickly. CleanSpark is a Bitcoin mining company with expected revenue growth of 33.1% per year. Kingsoft Cloud Holdings offers cloud services in China and expects earnings to grow by 81.7% per year. Snap Inc, the company behind Snapchat, is expected to become profitable soon, with profit growth of 46.48% each year.
AI startup Lovable may raise $100M for 'vibe coding'
Lovable, an AI startup from Sweden, is in talks to raise $100 million. The company uses AI to make software development easier through 'vibe coding'. If successful, this funding would value Lovable at $1.5 billion, making it a top AI startup in Europe. Lovable's CEO says they are getting a lot of interest from investors and their annual recurring revenue has reached $61 million.
Alphabet stock boosted by AI and Bing's search share
Alphabet, Google's parent company, is considered undervalued despite fears about AI affecting its stock price. AI is seen as a big opportunity for Google, which is a leader in AI technology. Bing's small increase in search engine market share could help Google by reducing concerns about it being a monopoly. Alphabet has strong financial health and long-term growth potential.
Finance leaders plan big AI investments by 2026 says Tropic
A study by Tropic shows that 86% of finance leaders plan to invest in AI by 2026. Many are shifting money from current software to AI for better efficiency. While 73% say AI has somewhat improved productivity, only 4% report big gains so far. Finance leaders want to see proven results before investing more in AI.
OpenAI may use Google Cloud for AI data center capacity
OpenAI, the company behind ChatGPT, is planning to use Google Cloud for its AI data centers. This is surprising because Microsoft is OpenAI's biggest investor and main cloud provider. OpenAI also has deals with Oracle and CoreWeave for data center projects. Google's stock went up after the news. Google is investing heavily in AI and cloud computing, with $75 billion planned for capital spending in 2025.
Meta stock rises as AI efforts gain traction
Meta's stock is recovering after a slump, thanks to a better outlook on tariffs and strong earnings. The company is investing heavily in AI. Meta stock broke out last week and is approaching record highs. The company is working on AI-powered ad campaigns and may invest in the AI startup Scale AI.
Sources
- Taiwan Semiconductor’s May sales jump 39.6% as AI demand stays strong (TSM:NYSE)
- TSMC May Sales Surge 39.6% on AI Stockpiling
- TSMC May Sales Surge 39.6% on AI Stockpiling
- Analysts Love This 1 ‘Underappreciated’ AI Stock
- Here Are the Top 3 Stocks Dan Ives Is Betting On in His New AI ETF
- Exploring 3 High Growth Tech Stocks In The US Market
- Report: ‘Vibe Coding’ Startup Lovable in Talks to Raise $100 Million
- Alphabet: Bing And AI Come To The Rescue (NASDAQ:GOOG)
- 86% of Finance Leaders Plan Major AI Investment by 2026: Tropic
- Surprise? OpenAI To Connect With Google Cloud For AI Data Center Capacity, Says Report
- Is Meta Stock A Buy? AI Push Powers Breakout With Tariff Threat Easing