Chipmakers expand AI bets as memory shortage looms

Nvidia expanded its share repurchase authorization by $150 billion and pursued a $500 billion capital target with Wall Street firms to finance AI infrastructure. AMD agreed to acquire AI model lab World Labs for $8.2 billion in stock and said its EPYC server CPU supply is sold out through 2027, underscoring continuing pressure on compute supply.

Broadcom raised its AI sales forecast to $58 billion for fiscal 2026 and provided a $42 billion loan to Anthropic to support infrastructure and supply ties. Synopsys formed strategic alliances with OpenAI and Amazon for AI-driven chip design software and introduced autonomous AI engineering agents.

Memory suppliers signaled that shortages may be difficult to resolve quickly. Micron and Samsung reported record quarterly results while warning that AI data centers are consuming more DRAM wafers and that a memory shortage could last until 2028.

Huawei said its Ascend accelerators have surpassed Nvidia’s market share in China as reports continued of restricted chips reaching Chinese companies. Intel and Elon Musk planned a $16.8 billion Texas factory, SK hynix considered a $150 billion IPO for Solidigm, and ASML lifted its revenue outlook.