Foxconn Momentum (Vera-Rubin Ramp?), Memory Contract Pricing, & More

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Foxconn Momentum (Vera-Rubin Ramp?), Memory Contract Pricing, & More

Equity Research

Industry Update — June 5, 2026

IT Hardware & Communications Networking

Semiconductors

Semiconductor Capital Equipment

Foxconn Momentum (Vera-Rubin Ramp?),

Memory Contract Pricing, & More

Wells Fargo Technology Weekly—Semiconductors, Semi

Cap Equipment, & IT Hardware

Our Call Wells Fargo Semiconductors & IT Hardware

TeamIn our weekly report, we discuss/analyze the most notable topics/news from the week.

Wells Fargo Securities, LLC

Click on the links below to read further/see charts. WellsFargoSemiconductorsandITHardwareTeam@wellsfargo.com

Aaron Rakers, CFA

Foxconn Reports Very Strong May Sales Growth; Increases 2Q26 Forecast - NVIDIA Equity Analyst | Wells Fargo Securities, LLC

Vera-Rubin Ramp Indicator? Aaron.Rakers@wellsfargo.com | 314-875-2508

Joe Quatrochi, CFABloomberg Publishes Deep Dive on AI Energy Demand Surge Equity Analyst | Wells Fargo Securities, LLC

Microsoft Officially Launches Maia 200 & Announces Cobalt 200 Virtual Machines Joe.Quatrochi@wellsfargo.com | 314-875-2055

Release Michael Tsvetanov, CFA

Associate Equity Analyst | Wells Fargo Securities, LLC

Silicon Motion, a Provider of Flash / SSD Controller,s Expects NAND Shortages to Michael.Tsvetanov@wellsfargo.com | 314-875-2558

Increase in 2027 Travis Poulin

Google Chief Technologist, AI Infrastructure, Amin Vahdat Stanford Discussion Notes Travis.Poulin@wellsfargo.com | 617-603-4263

Richard Strifler, CFA

Kioxia Investor Day Quick Notes - Data Center Momentum, Capex Expansion, and Associate Equity Analyst | Wells Fargo Securities, LLC

More Richard.Strifler@wellsfargo.com | 314-875-3234

Memory Pricing Update

High Bandwidth Flash (HBF) to Become an Increasing Visible AI Infrastructure Play in