Citigroup initiated coverage on Super Micro Computer Inc. (SMCI) with a Neutral rating and a $39 price target, citing a competitive AI server landscape that pressures margins despite positive AI server demand momentum. The target price implies an expected total return of approximately 12%. In related market moves, several stocks received upgrades: Agilent Technologies (AGL) was upgraded to Buy by Citi with a $5 target price, Alphabet (GOOGL) to Buy by DZ Bank, Apple (AAPL) to Hold by DBS Bank with a $210 target price, Boeing (BA) to Buy by President Capital Management with a $200 target price, FMC Corporation (FMC) to Outperform by Mizuho Securities with a $49 target price, and Hasbro (HAS) to Buy by Citi with a $72 target price. Goldman Sachs upgraded Charles Schwab (SCHW) and recommended an online brokerage as a buy in the current uncertain market environment. Meanwhile, Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to begin production of its next-generation 1.4-nanometer (nm) process technology, dubbed A14, by 2028. This process is expected to offer up to 15% speed improvement or up to 30% power reduction compared to TSMC’s N2 process, along with a 20% increase in logic density. TSMC is also exploring multi-chiplet processors with up to 40 times the performance of standard models, potentially ready by 2027, to accelerate AI computing. The company’s high-performance computing (HPC) revenue rose 7% quarter-over-quarter to exceed $15 billion for the first time, representing 59% of total revenue. Over the past six quarters, TSMC’s HPC revenue more than doubled from approximately $7.26 billion in Q3 2023 to $15.06 billion in Q1 2025. The TSMC CEO expressed confidence in a mid-40% compound annual growth rate (CAGR) in revenue from AI accelerators over the next five years starting in 2024. Additionally, ASML reported that demand for Chinese chipmaking equipment has exceeded expectations, with growth now estimated to be over 25% this year.