Tuesday, Keybanc’s capital markets highlighted the semiconductor sector on Tuesday, highlighting themes such as artificial intelligence, prices and China demand on the basis of its latest survey on the supply chain.
The company has described mixed results. Analysts noted that although analog markets are generally calm, recent inventories focused on prices have offered a short -term boost. China has remained a relative positive point, helping to compensate for lower demand in North America and Europe. On the mobile level, iPhone sales remained stable, while the demand for Android in China remained strong due to prolonged subsidies.
For ai fleas, nvidia 
Nvda continues to direct. Keybanc said that the production of its new Blackwell chips is increasingly increases and that the supply of Chip-on-A-Wafer substrates seems stable. The firm expects NVIDIA GPU expeditions to 2025 to reach 5 to 5.5 million. However, Rack GB 200 deliveries in exchange, with volumes of the first quarter probably less than 1,000 units against 2,000 forecasts.
Meanwhile, micro advanced devices 
Dmla was demoted to the weight of the sector after overweight. Keybanc cited concerns about the slowdown in AI -related activities in China, upcoming Intel Price Competition 
Intruderand limited short -term gains. Although AMD’s assessment remains relatively low, analysts have reported growing risks on the margins.
In other results, Keybanc has seen positive trends for Micron technology 
Mu and Qualcomm 
QcomQuoting increased demand for memory and solid sales of Android handsets in China. Broken feedback 
ARM and Broadcom 
Avo was more mixed, while names like Marvell Technology 
MRVL And on semiconductor 
ON raised concerns due to lower volumes linked to large customers like Amazon 
Amzn and tesla 
Tsla.