AMD’s reported 50% revenue jump is being presented as another sign that the artificial intelligence investment cycle is still intact. Combined with recent big tech earnings, the analysis argues that the broader AI story remains strong even after a period of market skepticism.
The main idea is that two undervalued semiconductor stocks could deliver long-term earnings-per-share growth of more than 100%. In this view, the market may still be underestimating how much AI-related demand can support chipmakers through the second half of 2026.
Micron appears to be one of the stocks discussed, based on the author’s disclosure of a beneficial long position in MU. The second company is not clear from the trimmed excerpt, but the article’s theme centers on chip names that combine AI exposure with valuations seen as attractive relative to future profit growth.
For investors following semiconductor stocks, the takeaway is that AMD’s revenue momentum and supportive big tech results are being used to reinforce the AI bull case. The focus is not only on headline excitement around AI, but also on whether select chip stocks still look undervalued against their longer-term earnings potential.
