Bernstein ramps up – and Intel truly surprises me now: Trump turns the foundry story into a political issue!

I see the AI-driven chip boom impressively confirmed by the latest Bernstein study – with a clear distinction. ARM convinces me the most: With the price target raised to $500 (up from $300) and around 23% upside potential, the company benefits directly from the megatrend towards agentic AI thanks to its extremely energy-efficient architecture. What I find particularly exciting is that ARM is leaving its pure IP role behind and increasingly pushing into the CPU business itself – significantly enlarging the addressable market and raising the long-term...