Apple unveils M5 chips as Nvidia targets physical AI

Key Takeaways

• Apple's new M5 Pro and M5 Max chips offer four times the AI graphics power, supporting Wedbush's $350 stock target.
• JetStream Security launched with $34 million in seed funding to provide an AI governance platform using AI Blueprints.
• Brookfield formed Radiant AI, an infrastructure company, leveraging NVIDIA DSX and a $100 billion fund to offer GPU instances.
• Microsoft, Amazon, and Alphabet face SEC scrutiny over accounting for large power purchase agreements for AI data centers.
• Nvidia's physical AI segment, including robotics and autonomous vehicles, generated over $6 billion in fiscal year 2026 revenue.
• Qualcomm CEO Cristiano Amon expects robotics to be a significant opportunity within two years, launching the Dragonwing processor for robots.
• SanDisk shares surged 61% year-over-year in Q2 revenue due to high demand for NAND flash memory in AI data centers.
• Rambus Inc. is under investigation for potential securities law violations related to a supply chain disruption affecting Q1 2026 operations.
• Okta's stock increased following strong earnings, boosted by the growing adoption of AI agents.
• An AI analyst recommends specific ETFs (MODL, IXJ, VOO) with 'Outperform' ratings and at least 10% upside potential.

Apple's new AI hardware push gets $350 target from Wedbush

Wedbush Securities kept its 'outperform' rating and $350 price target for Apple. The company recently launched new iPhones, Mac laptops, iPads, and Studio Displays. New M5 Pro and M5 Max chips for MacBook Pro offer four times the graphics power for AI tasks compared to the M4 generation. Apple also introduced the budget-friendly MacBook Neo for $599 and updated the iPhone 17e with a new A19 chip and double storage. The company also raised prices on some Mac models.

Wedbush sees Apple's AI hardware launch supporting $350 stock target

Wedbush Securities reaffirmed its 'outperform' rating and $350 price target on Apple shares following a major product launch. The new lineup includes updated iPhones, Mac laptops, iPads, and Studio Displays, featuring new M5 Pro and M5 Max chips with enhanced AI capabilities. Wedbush analyst Dan Ives believes this broad refresh reduces risks to Apple's near-term revenue. The company also introduced a more affordable MacBook Neo and updated the iPhone 17e, while adjusting prices on some Mac models.

Wedbush backs Apple's AI strategy with $350 stock target

Wedbush Securities maintained its 'outperform' rating and $350 price target for Apple Inc. after the company revealed new hardware focused on artificial intelligence. Analyst Dan Ives highlighted the importance of AI integration across Apple's products, including the MacBook Air, iPad Pro, and Vision Pro headset. Wedbush believes these advancements, combined with strong brand loyalty and ecosystem, position Apple well in the growing AI market. The firm expects Apple's stock to outperform the technology sector.

AI security firm JetStream launches with $34 million seed funding

JetStream Security, an AI governance startup, has launched after raising $34 million in seed funding led by Redpoint Ventures. The company was founded by experienced security professionals and has developed an AI governance platform using AI Blueprints. These blueprints provide real-time visibility into AI operations by mapping AI agents, models, data, and identities. JetStream aims to help businesses manage AI risks and scale AI adoption responsibly.

JetStream Security raises $34 million for AI governance platform

AI security platform JetStream Security has secured $34 million in funding, led by Redpoint Ventures and the CrowdStrike Falcon Fund. The company offers a system called AI Blueprints to provide visibility and control over AI systems within organizations. These blueprints map AI agents, models, data, and responsible identities, visualizing real-time behavior for better transparency and auditing. The new funding will support JetStream's growth in engineering, product development, and go-to-market operations, helping companies scale AI deployments safely.

Rambus faces supply chain probe amid AI memory push

The Schall Law Firm is investigating Rambus Inc. for potential securities law violations following a disclosed supply chain disruption affecting its first-quarter 2026 operations. This scrutiny comes as Rambus aims to be a key supplier for AI memory infrastructure. The investigation focuses on Rambus's disclosure practices and operational resilience. Investors are watching Rambus's ability to meet guidance, particularly with its reliance on DDR5 products for growth.

Okta stock jumps on strong earnings driven by AI agents

Okta's stock price increased after the company reported better-than-expected revenue and earnings per share for its fiscal fourth quarter. The company's performance was boosted by the growing momentum of artificial intelligence agents, which can autonomously complete tasks. While Okta provided a subdued guidance for the current quarter, its full-year outlook exceeded forecasts. The company is capitalizing on the increasing adoption of AI technologies.

Brookfield forms Radiant AI infrastructure company

Global investment firm Brookfield has created Radiant, a new AI infrastructure company, by merging with Ori Industries. Radiant will focus on the AI infrastructure market using NVIDIA DSX reference design and Brookfield's $100 billion AI infrastructure fund. The company aims to address the supply-demand imbalance in AI by providing GPU instances, Kubernetes, and model registries. Radiant will offer these services to governments, enterprises, and telecom providers through long-term contracts.

Big Tech's AI data center power deals raise accounting questions

Major technology companies like Microsoft, Amazon, and Alphabet are signing large power purchase agreements (PPAs) to supply their AI data centers, leading to complex accounting questions. Investors and the SEC are scrutinizing these deals, which often involve renewable energy sources and span decades. Key issues include how to classify these PPAs as operating leases or financing obligations, impacting financial statements. The accounting for renewable energy credits also adds complexity.

Nvidia's physical AI revenue could transform company by 2035

While Nvidia's data center segment drives most of its current revenue, physical AI presents a significant long-term opportunity. Physical AI, which includes applications like autonomous vehicles and robotics, generated over $6 billion in revenue for Nvidia in fiscal year 2026. With the development of its Rubin architecture for agentic AI and future focus on physical AI, Nvidia is positioned for substantial growth. This segment could become a major revenue driver for the company by 2035.

Qualcomm CEO sees robotics as a major opportunity within two years

Qualcomm CEO Cristiano Amon believes robotics will become a significant opportunity for the company within the next two years. Qualcomm recently launched a processor named Dragonwing, designed for robots, similar to its successful Snapdragon processors for smartphones. Amon stated that advancements in AI models are making robots more useful and could create a trillion-dollar market. He sees robotics, powered by physical AI, as a key growth area for Qualcomm.

SanDisk shares surge amid high demand for AI memory

SanDisk Corporation shares experienced significant volatility but ultimately surged, driven by high demand for its NAND flash memory in AI data centers. The company, which recently separated from Western Digital, reported strong fiscal second-quarter results with revenue up 61% year-over-year. SanDisk's guidance for the third quarter also exceeded expectations, citing sustained pricing strength in NAND flash due to AI-related demand. Analysts remain largely positive on the stock.

AI analyst recommends top ETFs for investment

An AI analyst has identified three Exchange Traded Funds (ETFs) with 'Outperform' ratings and at least 10% upside potential. These include the VictoryShares WestEnd U.S. Sector ETF (MODL), which focuses on the U.S. large-cap market. The iShares Global Healthcare ETF (IXJ) provides exposure to various healthcare sub-industries globally. Lastly, the Vanguard S&P 500 ETF (VOO) tracks the S&P 500 index, offering investment in large U.S. companies.

Sources

• Wedbush maintains $350 Apple target as product blitz reinforces AI hardware push
• Wedbush maintains $350 Apple target as product blitz reinforces AI hardware push
• Wedbush maintains $350 Apple target as product blitz reinforces AI hardware push
• AI Security Firm JetStream Launches With $34 Million in Seed Funding
• AI security platform JetStream Security bags $34m funding
• Rambus (RMBS) Faces Supply Chain Probe While Courting AI Memory Role
• Okta’s stock rallies as momentum in AI agents fuels an earnings beat
• Brookfield combines capital and compute in Radiant AI infrastructure play
• Big Tech’s Deals for AI Data-Center Power Present Accounting Questions
• Physical AI Is Less Than 3% of Nvidia's Revenue. Here's How It Could Transform Nvidia By 2035.
• Qualcomm CEO sees robotics as a 'larger opportunity' within 2 years
• SanDisk Corporation Shares Surge in Volatile Trading Amid AI Memory Demand
• Best ETFs to Invest In, According to AI Analyst, 3/4/2026