Guotai Asset Management sees AI hardware stocks strengthening on resilient US data, industry catalysts
SOXX•Memory capex upcycle supports semiconductor equipment
Memory capex upcycle underpinned semiconductor equipment demand, supported by capacity expansion and domestic substitution; Guotai expected choppy trading.
AI hardware strength seen in communications and semiconductor equipment
Guotai Asset Management flagged renewed strength in AI hardware, led by communications and semiconductor equipment.
- US August payrolls rose 162,000; unemployment held at 4.1%, supporting risk appetite while lifting Treasury yields.
- The AI catalyst cycle stayed active following GPT-6 Astra, reinforcing higher demand for compute, storage, and high-speed interconnects.
- Goldman raised 2026-2028 global optical-module shipment forecasts by 21%, 31%, and 31%; 1.6T+ units were lifted 29%, 61%, and 50%.
