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The Chip Selloff May Be Overdone. Wall Street Sees More Growth Ahead

The chip trade is getting another shot at a comeback. AI safety worries knocked semiconductor stocks this week, but Wall Street is looking past the selloff to a longer buildout. The next test is whether booming data-center and memory demand can outrun fears of a broader slowdown.

Scaling up: Bank of America expects (opens in a new tab) the semiconductor market to keep expanding through the end of the decade, fueled by memory, data centers, and recoveries in automotive and industrial demand. Analyst Vivek Arya sees “no signs of slowing” across orders, supply commitments, and pricing, with 2027 largely booked across compute, networking, and memory. That makes one rough trading week look small against a much longer chip buildout.

Bank of America expects the semiconductor market to reach $1.7T in 2026 before nearly doubling to $3.2T by 2030.
Arya sees Micron, Intel, Lam Research, and Applied Materials leading the next leg of the chip cycle.

Memory And Equipment Carry The Next Leg

The next wave of growth is moving into the plumbing of AI. Bank of America raised its 2030 chip forecast by nearly $470B (opens in a new tab), with memory and servers driving much of the increase. As AI systems demand more processors, networking, and high-bandwidth memory, equipment makers also stand to benefit from the extra factory steps needed to produce advanced chips.

BofA expects server-chip sales to grow about 24% annually through 2030, outpacing every other major semiconductor end market.
Memory sales could reach $1.85T by 2030, while server-chip sales climb to ~$849B over the same period.

Buying the dip: Mizuho sees the recent semiconductor pullback as a buying opportunity after AI leaders raised questions about the pace of frontier-model development. The Philadelphia Semiconductor Index fell about 6% (opens in a new tab) Monday morning, but the firm says spending plans from AI labs and cloud providers remain intact. Now the focus shifts to memory pricing, equipment orders, and capacity commitments. If those stay strong, the chip cycle still has plenty of runway.

[MIDNIGHT DEADLINE] An 8,000X Oversubscription Could Reset Robotics Stocks

Robotics companies are having a pivotal moment. And one robotics company’s stock price changes tonight.

A recent robotics IPO was oversubscribed 8,000X. And experts say it could reprice stocks industry-wide.

Meanwhile, everyday investors like you found a different way into the robot boom: a private-stage company (opens in a new tab) named Miso Robotics (opens in a new tab). Miso's Flippy fry station robot is already boosting profits up to 4X for brands like White Castle. That led industry powerhouse Ecolab to invest, and NVIDIA to collaborate.

Now, in 2026, Miso’s Flippy robot just entered brand-new markets like college campuses and NBA arenas (opens in a new tab). And with the $1T fast-food industry modernizing fast, Miso isn’t stopping there.

It just acquired the IP of a pizza-robot pioneer once valued at $2B+ and backed by SoftBank, growing Miso’s patent portfolio 10X.

People have already made 44k+ investments into Miso. Now’s your chance to claim your own stake in the robot boom. But hurry. Invest at $5.48/share before Miso’s price changes at midnight PT (opens in a new tab).

Large-Cap Recap

Higher Rates Split the Stock Market

The Federal Reserve raised its benchmark rate by a quarter point to 3.75%–4%, delivering its first hike since 2023. The move is drawing a sharper line between companies that can profit from pricier credit and those built around cheap money. Financials such as JPMorgan Chase and energy firms including Chevron can benefit as rates rise, while home builders such as Lennar face mounting pressure. That leaves investors with a very different set of stocks to favor as rates stay higher. [Read (opens in a new tab)]

Municipal Bonds Return to the Income Conversation

High-grade municipal bonds now yield more than 5%, hitting their highest levels since the 2008 financial crisis. For investors in high-tax states, those tax-free returns can deliver the equivalent of nearly 10%. That surge has driven strong demand across the sector, with municipal funds attracting $105B in net inflows over the past 12 months. Investors can gain diversified exposure through products like the iShares National Muni Bond ETF and Vanguard Tax-Exempt Bond ETF. [Read (opens in a new tab)]

Crypto Stocks Slip as Senate Blocks Clarity Act

Senate rejection of the Clarity Act has delayed federal crypto rules, sending shares of Coinbase Global and Circle Internet Group lower. That legislative setback leaves regulation up to federal agencies instead of Congress. Bernstein still sees opportunity in companies pushing beyond crypto trading into tokenized credit and prediction markets. Robinhood Markets and Figure Technologies already have broader businesses that can support growth outside trading. Strategy, by contrast, remains much more dependent on bitcoin prices. [Read (opens in a new tab)]

Market Pulse

Space Exploration Technologies Corp.

SPCX

The space company’s shares jumped as investors looked ahead to its next Starship test flight and other upcoming catalysts.

J.B. Hunt Transport Services, Inc.

JBHT

The trucking company’s shares plunged after warning third-quarter earnings could fall as higher hiring costs and record diesel prices squeeze profits.

The Goldman Sachs Group, Inc.

The bank’s shares fell after CEO David Solomon warned of softer fixed-income trading and higher expenses across the firm.

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Markets & Economy

US retail sales rebound strongly in August: US shoppers snapped retail spending out of its summer dip as sales jumped 1.2% to $773.9B, easily beating forecasts. Online sellers, restaurants, and auto dealers posted broad gains despite falling consumer confidence. [Read (opens in a new tab)]

American Airlines cashes in on premium seats: Just 30% of American Airlines’ seats now generate half its revenue as higher-paying travelers reshape its cabins. The carrier is adding more premium options, including 70 business-class suites on its largest aircraft. [Read (opens in a new tab)]

Boeing’s 737 Max ramp hits another snag: Boeing says production is taking longer than expected to stabilize as wing manufacturing constrains output. The company is producing roughly 47 jets monthly and still expects to increase that pace next year. [Read (opens in a new tab)]

Business & Tech

Amazon raises starting pay to $20 an hour: Amazon lifted its minimum starting wage for full-time US operations workers to $20 an hour. The $1.5B investment comes ahead of the retailer's plan to hire 250K workers for the peak holiday season. [Read (opens in a new tab)]

SK Hynix considers US memory chip production with Intel: SK Hynix has discussed producing memory chips at Intel's planned Ohio site to meet soaring AI data-center demand. The deal could involve forming a joint venture, though talks remain at an early stage. [Read (opens in a new tab)]

Tesla’s Cybercab faces a federal reality check: NHTSA is pressing Tesla to explain how its steering wheel- and pedal-free Cybercab complies with federal safety standards. Regulators are scrutinizing the self-certification process and whether temporary driver controls were used. [Read (opens in a new tab)]

Chart

Digit of the Day

Geopolitical Turmoil Has Cost Americans $107B More at the Pump

Fuel has become America's stealth tax. US consumers have shelled out an extra $107B (opens in a new tab) on gasoline and diesel since the Iran conflict pushed fuel costs higher. The squeeze is now spreading beyond the pump, eating into household budgets while forcing businesses to rethink pricing and spending plans.

Moody's Analytics estimates the total hit near $1.76K (opens in a new tab) per household as oil and Treasury yields squeeze budgets from both sides.
Clorox expects inflation to add $200M of costs this fiscal year, showing how fuel-linked resin pressure can travel from crude markets into trash bags.

Pump it: Higher fuel costs hit long before shoppers reach the checkout, pushing up freight bills and keeping inflation sticky. Walmart is cutting prices on more than 10K items (opens in a new tab) to protect market share, while Campbell’s is raising them across over half its portfolio. Holding down prices may keep shoppers happy, but eventually, someone’s margins have to pay the bill.

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Disclosures

This is a paid advertisement for Miso Robotics Regulation A offering. Please read the offering circular at invest.misorobotics.com (opens in a new tab)