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📈 AI Stock News Briefing — Wednesday, May 13, 2026 at 6:15 AM

📈 AI Stocks5/13/2026🕐 6:15 AMMarket watchAI equities

Top stories, ranked by relevance.

Story cards stay below the sticky dock while audio, chapters, date, and brief navigation remain accessible.

#1QCOM — Qualcomm Plunges 11.5%, Leads Broad Chip Pullback on Hot Inflation Data

Qualcomm was the worst performer in the S&P 500 on Tuesday, dropping 11.5% as chip stocks pulled back sharply from a record-setting AI-driven rally. The selloff was triggered by a hotter-than-expected retail inflation report that reignited fears the Fed will delay rate cuts, compounded by stretched technicals — QCOM's RSI had hit 88 before the drop. Despite a strong fiscal Q2 and a fresh $20 billion buyback authorization, the stock led a sector-wide profit-taking wave.

🔗 CNBC
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#2NVDA — Nvidia Closes at All-Time High Ahead of May 20 Earnings

Nvidia closed at a record $220.78 on Tuesday, its fifth consecutive day of gains, on volume of 158 million shares. The market is positioning ahead of Nvidia's fiscal Q1 2027 report on May 20, where consensus calls for $78.8 billion in revenue (up 78.7% YoY) and adjusted EPS of $1.77. CEO Jensen Huang has pointed to $500 billion in high-confidence Blackwell/Rubin demand through 2026 and a $1 trillion opportunity pipeline through 2027.

🔗 Morningstar
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#3AVGO — Citi Raises Broadcom Price Target to $500, Names It "Best Chip Name in 2026"

On May 12, Citi analyst Atif Malik lifted Broadcom's PT from $475 to $500 and maintained a Buy rating ahead of fiscal Q2 earnings on June 3. Broadcom's AI semiconductor revenue jumped 106% YoY in fiscal Q1 to $8.4 billion, now comprising 43%+ of total revenue. Citi projects total AI sales reaching $115 billion by 2027, naming six major AI customers including Google, Meta, Anthropic, and OpenAI.

🔗 24/7 Wall St
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#4AMD — Shares Trade Near 52-Week High at $458 After Wall Street Upgrade Blitz

AMD is trading near its 52-week high of $469.21, reached May 11, continuing a tear after Bernstein upgraded to Outperform with a $525 target (from $265) and Goldman Sachs also upgraded to Buy. Eight firms hiked price targets after Q1 earnings showed data center revenue of $5.78 billion, up 57% YoY. Bank of America sees the data-center CPU market expanding from $27 billion (2025) to $60 billion by 2030 on AI agent demand.

🔗 Benzinga
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#5PLTR — Palantir Posts 85% Revenue Growth but Stock Falls on Valuation Concerns

Palantir beat on every metric in Q1 — EPS of $0.33 (vs. $0.28 expected), revenue of $1.63 billion (vs. $1.54 billion expected), and net income that quadrupled YoY to $870.5 million. The company raised full-year guidance to $7.65–$7.66 billion (71% growth). Yet shares fell 5.7% after hours as investors questioned whether the sky-high valuation can sustain itself, even as CEO Karp projects the U.S. business will double again in 2027.

🔗 CNBC

#6MSFT — Microsoft's $190B AI Capex Plan Overshadows Strong Azure Growth

Microsoft beat consensus across the board — revenue $82.9B vs. $81.4B, EPS $4.27 vs. $4.07 — yet the stock fell ~4% after guiding $190 billion in 2026 capex, $35 billion above analyst expectations. Azure grew 40% in constant currency (fifth straight quarter of acceleration) and AI annual revenue run rate hit $37 billion (+123% YoY). Shares remain under pressure as investors weigh ROI on the massive spend. Cash dividend of $0.91 goes ex-dividend May 21.

🔗 Seeking Alpha
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#7DOCN — DigitalOcean Up 240% YTD, Wall Street Says There's Still Upside

DigitalOcean is the year's biggest AI percentage gainer, surging 240% in 2026 after pivoting to an "AI-Native Cloud" platform. Q1 EPS of $0.44 beat estimates by 69%, revenue grew 22% YoY to $258 million, and AI customer ARR soared 221% to $170 million. The stock popped 48% on the earnings beat. Most analysts still see upside, with a median PT of $177 vs. the current $164 price.

🔗 The Motley Fool
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#8ASML — Bernstein Upgrades to Top Pick, Raises PT to €1,300 on DRAM Upcycle

Bernstein upgraded ASML to Outperform and named it the top European semiconductor stock for 2026, raising its price target to €1,300 from €800 (~32% upside). Analyst David Dai cited a massive DRAM upcycle, with the three largest DRAM manufacturers adding up to 250,000 wafers/month of greenfield capacity. The firm sees 18% CAGR earnings growth through 2027, above the 15% consensus.

🔗 Yahoo Finance
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#9ADBE — Adobe Hit by Goldman Sachs Sell Rating and BMO Downgrade on AI Competition

Adobe is under mounting analyst pressure. Goldman Sachs assumed coverage with a Sell rating and $290 price target (later cut to $220), while BMO downgraded to Market Perform with a $375 target, citing "no clear catalyst" and rising competition from AI-powered creative tools like Canva. Jefferies also downgraded. The triple whammy reflects growing Wall Street concern that AI disruption could erode Adobe's Creative Cloud moat.

🔗 Yahoo Finance
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#10Broader Market — AI Rally Spreads to Industrials, Sparks Overextension Warnings

Bloomberg reported Monday that "AI mania" is making old-school industrial stocks behave like chip stocks, as investor optimism around AI infrastructure broadens well beyond semiconductors. Some AI-adjacent names have rallied 70%+ in a single month. The S&P 500 closed at 7,412.84 (+0.2%), the Dow hit 49,704.47, and the Nasdaq reached 26,274.13. Analysts warn that overbought conditions across the sector echo the late-1990s — a signal to stay sharp, not necessarily to panic.

🔗 24/7 Wall St
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Kilroy’s Daily Briefings · 5/13/2026