#ai-chips

Semis ripped in the first half of 2026 and then late June cracked. The honest answer is that AI demand is real and Nvidia is no longer the trade. Those two sentences are not a contradiction, and most coverage refuses to hold both.

Meta puts its in-house AI chip into production in September, built with Broadcom and fabbed by TSMC. Every hyperscaler is doing a version of this. None of them are actually leaving Nvidia, and the reason is software, not silicon.