May. 9 at 2:56 PM
AI hardware names are setting up like the NEXT leg of the AI supercycle hasn’t even started yet.
Updated Fib extension targets I’m watching closely:
•
$NVDA →
$179
•
$TSM →
$327
•
$ASML →
$1,247
•
$MU →
$494
The crazy part? These aren’t meme names. These are the backbone of the global AI supply chain. Every hyperscaler capex increase from
$MSFT, AMZN and GOOGL eventually flows downstream into chips, lithography, HBM memory and advanced packaging.
$NVDA may lead the headlines, but
$TSM manufactures the future,
$ASML controls the EUV bottleneck, and
$MU is becoming one of the biggest leveraged plays on exploding AI memory demand.
This market keeps rewarding infrastructure over speculation. As long as AI data center spending accelerates, dips on quality hardware names continue looking more like opportunities than exits.
Curious about the full approach?👉 Check the @MeanReverter_