Photo by Steve Johnson on Unsplash
 

Introduction
 

We track 20 model portfolios on a daily basis of which 11 are focused exclusively on the AI hardware (semiconductor) sector (8) and the AI software (3) sector. Below is the latest news on any of the 54 constituents in those portfolios.

1. Micron Technology (MU): In a press release on Tuesday, December 3rd, Micron - one of 8 constituents in our Integrated Device Manufacturer (IDM) Portfolio (see here) -  announced plans to wind down its Crucial consumer business worldwide by the end of February 2026 and reallocate its output and investments to enterprise-grade DRAM and SSD products amid growing demand from the AI sector. Its stock closed DOWN 2.1% yesterday and a further 1.2% today.
2. Nvidia (NVDA): On Wednesday, Nvidia - one of 6 constituents in our model Pure-play Fabless Semiconductor Stocks Portfolio (see here) - published new data showing that its latest artificial intelligence server can improve the performance of new models - including two popular ones from China - by 10 times. Its stock closed DOWN 1.1% on the day but bounced back by 1.5% today.
3. Snowflake (SNOW) - one of 8 constituents in our Pure-play Cloud SaaS Computing Stocks Portfolio (see here) -  and Anthropic announced a multi-year, $200 million partnership to expand integration of Anthropic's Claude AI models into Snowflake's Cortex AI platform, enabling agentic AI for global enterprises. Snowflake's stock declined slightly (-0.7%) on the news yesterday and a further 1.9% today. In addition, yesterday Snowflake announced that it had surpassed a $100 million AI revenue run rate in Q3, which was one quarter earlier than anticipated, attributing this milestone to rapid innovation and early adoption by marquee customers. For complete Q3 financial results, go here.
4. Intel (INTC) - one of 8 constituents in our Integrated Device Manufacturer (IDM) Portfolio (see here) -  said on Wednesday it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit, and Intel had previously explored selling various assets while it weighed options on how to improve its financial position. Over the summer, Intel clinched an $8.9 billion investment from the U.S. government for a 10% stake, and investments of $2 billion from SoftBank Group and $5 billion from Nvidia. Its stock rose 1.9% on Wednesday but fell 5.9% today.

More By This Author:

4 Of Our 20 Portfolios Dropped More Than 20% In November - Here's Why
All 6 AI Semiconductor Stock Categories Fell Last Week - Here's Why
Pure-Play Quantum Computing Stocks Down 21% Last Week - Here's Why