--- title: "MU Surges After Earnings Selloff; QCOM Pushes Into AI Data Centers, Aiming to Take Share From NVDA | Daily News Recap" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42182115.md" description: "0625 | Dolphin Research Focus: 🐬 Stock 1, $Qualcomm(QCOM.US) Qualcomm unveiled the Dragonfly C1000 CPU and AI300 accelerator, with mass production slated for 2028. It has secured orders from Meta and other hyperscalers, and guided 2027 data-center revenue to $5bn.Qualcomm moving into Nvidia's turf looks inevitable; the key differentiator is power efficiency. Amon noted that 'the bottleneck for cloud providers has shifted from chip cost to power,' a sweet spot for mobile SoC houses built over the past two decades..." datetime: "2026-06-25T08:48:28.000Z" locales: - [en](https://longbridge.com/en/topics/42182115.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42182115.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42182115.md) author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)" --- # MU Surges After Earnings Selloff; QCOM Pushes Into AI Data Centers, Aiming to Take Share From NVDA | Daily News Recap ## 0625 ｜**Dolphin Focus:** ## **🐬 Stocks** **1.**$Qualcomm(QCOM.US) Qualcomm unveiled the Dragonfly C1000 CPU and AI300 accelerators, targeting mass production in 2028, and secured multi-year orders from several cloud majors including Meta, with 2027 data center revenue guided to $5bn. It is inevitably moving into NVDA’s turf, with power efficiency as the key differentiator — CEO Cristiano Amon stressed that cloud bottlenecks are shifting from chip cost to power delivery, a sweet spot honed over 20 years in mobile SoCs. Meta’s willingness to lock in multi-gen orders through 2028 suggests it is cultivating Qualcomm as a true second source. But the C1000 timeline is late, leaving Qualcomm with limited exposure to the Blackwell→Rubin cycle in between; watch HBC Gen2’s actual share erosion vs. NVDA’s L20/L40 in inference. See our 2026 Investor Day Trans: ‘[Qualcomm (Trans): From a chip company to a platform solutions company](https://longbridge.com/zh-CN/topics/42178884)’. **2.**$NVIDIA(NVDA.US) At NVIDIA’s annual shareholder meeting on Jun 24 (ET), Jensen Huang set the tone: AI is entering the production phase and data centers are becoming ‘token factories’, Vera Rubin is fully in production, and ‘physical AI’ is the next trillion-dollar wave. The board authorized an $80bn buyback, with a commitment to return 50%+ of FCF to shareholders. The most informative update was Vera CPU commercialization — every major model builder/cloud is preparing to build on Vera, deepening the full-stack moat. However, the stock needs catalysts for a re-rate; the market is likely waiting for Q2 Blackwell ramp to lift GPM back to 75%+. **3.**$Amazon(AMZN.US) Amazon’s Zoox unveiled a refreshed ‘toaster’ Robotaxi, with the Hayward plant set for 10k units annual capacity; Las Vegas + San Francisco free pilot rides have reached a cumulative 500k, and it is awaiting NHTSA approval for 2,500 vehicles to commercialize. Six years in the making (acquired in 2020 for $1.3bn), Zoox’s positioning is later than Waymo but ahead of Tesla’s Cybercab. The biggest swing factor is the NHTSA 2,500-vehicle exemption — the public comment period closed in early Apr and review continues; if approved by Q3 2026, Zoox could seize the ‘no steering wheel’ narrative before Tesla scales. Limited P&L elasticity for AMZN near term, but the Robotaxi space (Waymo/Tesla/Zoox paths) is just beginning to form valuation anchors. **4.**$XL2CSOPHYNIX(07709.HK) SK hynix announced a \>$29.6bn US listing plan, aiming to debut on Nasdaq via ADRs on Jul 10, potentially ranking among the top-3 IPOs in history; Korea shares jumped 12% on the 25th morning, lifting KOSPI above 8,900 and triggering a circuit breaker. Proceeds will fund EUV purchases and HBM capacity expansion, with ADR pricing likely at a 5–10% premium vs. Seoul. A-share proxies map most directly to HBM packaging and materials, but after ADR listing, Seoul could see ‘sell-the-news’ pullback — the 25th circuit breaker looks like a sentiment peak signal. **Dolphin earnings and calls to watch:** Micron: ‘[Micron: On a tear — from ‘winter cycle’ to ‘super growth’?](https://longbridge.com/zh-CN/topics/42172229)’, ‘[Micron (Trans): Tight supply to persist beyond 2027](https://longbridge.com/zh-CN/topics/42171053)’ Trip.com: ‘[Before the regulatory hammer falls, is there one last drop for Trip.com?](https://longbridge.com/zh-CN/topics/42176383)’, ‘[Trip.com (Trans): Target a 10x increase in inbound tourists served within 5 years](https://longbridge.com/zh-CN/topics/42176684)’ ## **🐬 Top Gainers by Sector** **A-shares:** exchanges & data, airlines – passenger, P&C insurance. **HK:** packaging, system software, communications equipment. **US:** cookware, tires & rubber, homebuilders. ## **🐬 Watch Tomorrow** **1.** US Jun 1-yr inflation expectations (final). Risk disclosure and disclaimer: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer) ### Related Stocks - [QCOM.US](https://longbridge.com/en/quote/QCOM.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [09961.HK](https://longbridge.com/en/quote/09961.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [TCOM.US](https://longbridge.com/en/quote/TCOM.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [07366.HK](https://longbridge.com/en/quote/07366.HK.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [HTGD.SG](https://longbridge.com/en/quote/HTGD.SG.md)