Rosenblatt names top semiconductor picks amid data-center strength

What happened

According to a report dated October 27, 2026, Rosenblatt Securities named AMD its top semiconductor pick heading into earnings season, citing strengthening data-center fundamentals and broadening demand despite recent share price declines across the sector. The firm noted that semiconductor stocks with significant data-center revenue exposure declined approximately 25% on average over the past month, while citing strong earnings reports from Penguin Solutions, Micron, TSMC, and Texas Instruments, along with Supermicro's positive preannouncement, as evidence that data-center fundamentals continue to strengthen. Rosenblatt expects TSMC's 2nm capacity to double in 2027, which will support the ramp of AMD's Venice server CPU family; the firm views Venice as the market's highest-performing server CPU, featuring 16 memory channels compared to 12 in the prior generation. AMD CEO Lisa Su recently increased the projected 2030 server CPU total addressable market to $220 billion from $120 billion. The firm said Meta's Muse and other emerging personal AI agents are driving server CPU demand. Rosenblatt's primary concern for data-center growth in 2027 and beyond is supply-chain capacity rather than demand weakness: Lam Research cited near-term supply constraints and Texas Instruments highlighted extended lead times for back-end equipment, but the firm characterizes these as tactical challenges the industry can address rather than evidence of severe product shortages or weakening demand.

Impact and signal

Affected components and suppliers

Source and time

Source: Yahoo Finance — TXN · 10/27/2026 · View original source