Investing.com — Citi analysts have updated the firm’s AI compute semiconductor stock rankings following the latest quarterly earnings updates, telling investors in a note that AI compute demand remains undersupplied. <\/p>\n
The bank highlighted the recent AWS EC2 GPU instances price hike of 20%, noting that DRAM Memory shortages are the “biggest constrain on compute supply, as evident by multiple strategic customer agreements signed through 2030 by Micron.” <\/p>\n
“As such, our updated rankings assign the highest weight to memory supply allocation among other factors like accelerator, CPU and diversified hyperscale sales exposure,” Citi wrote. <\/p>\n
Among mega-caps, Nvidia has taken the top spot, with Citi highlighting strong HBM partnerships, while Broadcom is in second place and Micron at third. <\/p>\n
For large caps, AMD is ranked first, with Citi noting that it is served by Samsung, Micron and CBRS, “which employs different on-chip SRAM vs HBM.” <\/p>\n
AMD is followed by CBRS, Intel and Marvell Technology, with Qualcomm last, despite its recent high bandwidth compute announcement, which “uses a stack of LPDDR memory due to limited allocation until 2029.” <\/p>\n
Related articles <\/p>\n
New leader board: Citi refreshes AI compute semiconductor picks<\/a> <\/p>\n JPMorgan outlines ten strategic themes that could shape the outlook for 2026<\/a> <\/p>\n