Wait, the AI CPU trade just blew up this week — Meta jumped 11%, ARM surged 17%, Intel and AMD both posted double-digit gains, even Nvidia climbed 2% even after running hot for months.

[Is the easy money on this theme already over? ](https://www.moomoo.com/news/post/76553992?global_content=%7B%22promote_content%22:%2211067213%22,%22promote_id%22:20795,%22promote_type%22:43,%22sub_promote_id%22:1%7D)Let’s break down what’s actually left to price in: Meta’s Connect event drops this week with new Muse AI features that could reset its valuation, AMD just crossed the $1T market cap mark and still has years of server AI ramp ahead. Intel is sitting on real 50% CPU supply tightness that no one can handwave away, ARM’s clean AI server exposure doesn’t come cheap but the catalyst pipeline is clear, Qualcomm is absurdly cheap for the long-term data center story, and even Nvidia still has underpriced CPU upside most people aren’t talking about.

The initial AI agent CPU hype has already run hard, but the next leg isn’t just headlines — it’s actual shipments, revenue, and margins catching up to the narrative. Which of these names are you still chasing after this massive rally?