Lam Research (LRCX), Texas Instruments (TXN), and Western Digital (WDC) are set to report quarterly results in short order and UBS believes the trio will benefit from continued artificial intelligence spending.
UBS forecasts Texas Instruments' CQ3 results at the high end of guidance and expects CQ4 guidance to be above Wall Street expectations due to strong demand and seasonality.
UBS sees potential for Western Digital to beat guidance but remains concerned about structural industry dynamics and lowered its price target due to capacity and pricing uncertainties.
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