This market just continues to shake off any bad news. Now we’ve got earnings season, and things are looking even better. Especially for chip stocks.
Right now there is an insatiable demand for AI hardware, both in data centers and locally. I keep trying to buy another Mac studio, and you can’t get them anywhere.
I’m probably gonna pay 4x what the thing is worth just to get another one.
The Big Picture
The point is, everyone wants hardware right now. And I see that reflected in the chip stocks.
Including these:
- Intel Corporation (NASDAQ: INTC)
- QUALCOMM Incorporated (NASDAQ: QCOM)
- Sandisk Corporation (NASDAQ: SNDK)
- Marvell Technology Inc.(NASDAQ: MRVL)
- Micron Technology, Inc. (NASDAQ: MU)
Across the board, everyone loves chips.
As always, you can hide in these markets, or you can look for opportunity. In the last few weeks, there has been tremendous opportunity in computing hardware. And particularly the AI hardware side of things.
The stock on my watchlist today was here just two weeks ago. But I want to point out something, because this is not a time to sit on your hands.
I first called attention to INTC back in September 2025, right after the U.S. government chose to support a great American company like that. Then I doubled down on that in October 2025. I called it again in January.
Then, INTC was my watchlist stock here two weeks ago on April 13.
Now, I’m not saying any of that to brag. Only to share that some stories, and some stocks, are worth following. AI is hot right now and it’s not going anywhere.
I know some people don’t like it. I say learn to use it before you judge too much. This is the greatest technological revolution in living memory.
But even if you fear the “AI apocalypse” this is a great time to trade or invest in the companies creating it.
My Take
Whether you are trading or investing for the long term (or both), AI hardware stocks are in play. They’ll stay in play for the foreseeable future .
That said, probably the smart thing is to look for dips rather than chase any stock. Let’s take another look at INTC.
Watchlist
Intel reported earnings on Friday and the stock gapped up, hitting new all-time highs.
Source StocksToTrade INTC 1yr-1d, earnings winner gap up
Again, I’d let this digest the earnings move a little bit, then look for dips to buy. Full disclosure, I’m holding some long-term, and I’m not selling yet.
I want to share one more chart, because it’s a beauty. This is MRVL, also one of the chip stocks mentioned above.
Source StocksToTrade MRVL 1yr-1d
There was some discussion of Marvell working with Google to develop a new chip. As I write, this is not confirmed news.
That said, Alphabet Inc. (NASDAQ: $GOOGL) was my #1 pick for 2026. I would love to see these two companies working together.
On My Radar
- By popular demand: my 20-video DAY TRADING 101 series is now live on YouTube
- More on U.S. chipmakers hitting record highs last week.
- The University of Michigan released its latest Index of Consumer Sentiment numbers on Friday. The stock market didn’t care too much.
- Insider trading on Polymarket? Wild. Who would’ve guessed that could happen?