RBC Capital Markets Predicts Strength for Nvidia, Micron, and ASML, While Qualcomm and AMD Lack Drivers

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: Jan 15 2026

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Source: stocktwits

RBC Capital Markets Coverage: RBC Capital Markets has initiated coverage on the semiconductor sector, providing a 'Sector Perform' rating for major legacy chipmakers like Intel and AMD, while highlighting limited near-term catalysts for these companies.
Positive Outlook for Certain Stocks: The brokerage sees substantial upside potential for stocks of companies like Arm, Marvell, and Aster Labs, while maintaining a cautious stance on legacy chipmakers due to expected limited growth.
NVIDIA and Memory Chip Market: RBC's analysis indicates continued momentum for NVIDIA despite concerns over potential slowdowns in chip orders from large tech firms, while also noting a memory chip shortage could impact Micron's performance.
Predictions for Key Stocks: RBC has provided price targets and ratings for various semiconductor companies, forecasting strong performance for firms like AMD and Marvell, while also addressing challenges faced by others like Intel and Qualcomm.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.