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The Zacks Analyst Blog Highlights Microsoft, Palantir Technologies, Micron Technology, Lam Research and IonQ
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For Immediate Release
Chicago, IL – October 21, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Microsoft (MSFT - Free Report) , Palantir Technologies (PLTR - Free Report) , Micron Technology (MU - Free Report) , Lam Research (LRCX - Free Report) and IonQ (IONQ - Free Report)
Here are highlights from Tuesday’s Analyst Blog:
AI, Semiconductors & Quantum Computing: What Lies in Store for 2027?
Artificial intelligence (AI) has dominated technology investment in 2026, driving heavy spending on data centers, advanced chips and computing infrastructure. Semiconductor demand has benefited from this expansion, particularly in high-bandwidth memory and advanced manufacturing. Quantum computing, meanwhile, remains an emerging investment opportunity, with companies working to turn research breakthroughs and commercial partnerships into viable businesses.
In 2027, investors are expected to focus more on companies that can convert rising demand for AI, semiconductor and quantum technologies into actual revenue and earnings growth.
The scale of investment is substantial. Gartner forecasts worldwide AI spending of $2.67 trillion in 2026, up 49.5% year over year, in its September report. Its August forecast put global semiconductor revenues at $1.56 trillion in 2026 and $1.94 trillion in 2027. These projections clearly show the economic importance of AI infrastructure. However, they also raise questions about capital efficiency, supply constraints and the sustainability of demand.
Macroeconomic conditions will influence this investment cycle. On Oct. 13, the International Monetary Fund projected global economic growth of 3.1% in 2026, identifying AI investment as a source of support while warning of risks from geopolitical conflict, higher energy prices and rising bond yields. Meanwhile, the Federal Reserve raised its federal funds target range to 3.75%-4% in September, citing elevated inflation. Higher financing costs can weigh on capital-intensive projects and valuations, making investment returns particularly important in 2027.
AI: Monetization Becomes the Key Test
Gartner forecasts worldwide AI spending to reach $3.64 trillion in 2027, with AI infrastructure accounting for approximately $1.98 trillion. AI services and software are also projected to expand, reflecting growing efforts to integrate AI into business applications. Gartner has noted that enterprises are increasingly emphasizing cost control, usage tracking and measurable outcomes.
The key question is whether AI-driven revenue growth and productivity gains can justify the substantial investment in computing infrastructure. In 2027, enterprise adoption, inference demand and the deployment of AI agents are expected to be important indicators to watch. Microsoft, through its Azure cloud and AI offerings and Palantir Technologies, through its enterprise AI platform, are two companies investors can monitor for evidence of AI monetization, customer adoption and operating efficiency.
Semiconductors: Memory and Manufacturing Take Center Stage
Gartner projects semiconductor revenues to approach $1.94 trillion in 2027, including $1.08 trillion from memory. This forecast highlights the importance of high-bandwidth memory (HBM), DRAM and NAND alongside AI processors. SEMI separately expects global 300mm fab equipment spending to rise 14% to $151 billion in 2027, supported by advanced-node and memory investment.
These projections create opportunities across foundries, chip-design companies and equipment suppliers. Micron Technology, a major memory-chip manufacturer and Lam Research, a supplier of semiconductor manufacturing equipment, offer exposure to two important parts of this investment cycle.
Gartner projects global quantum-computing revenues to reach $1.1 billion in 2027, compared with $869.9 million in 2026. It expects public-sector spending to lead industry demand, reaching $245 million in 2027. These figures suggest a developing market rather than widespread commercial adoption.
Investors can monitor IonQ, which develops trapped-ion quantum computing systems and D-Wave Quantum, which focuses on quantum annealing and related computing solutions.
Free: Instant Access to Zacks' Market-Crushing Strategies
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Microsoft, Palantir Technologies, Micron Technology, Lam Research and IonQ
For Immediate Release
Chicago, IL – October 21, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Microsoft (MSFT - Free Report) , Palantir Technologies (PLTR - Free Report) , Micron Technology (MU - Free Report) , Lam Research (LRCX - Free Report) and IonQ (IONQ - Free Report)
Here are highlights from Tuesday’s Analyst Blog:
AI, Semiconductors & Quantum Computing: What Lies in Store for 2027?
Artificial intelligence (AI) has dominated technology investment in 2026, driving heavy spending on data centers, advanced chips and computing infrastructure. Semiconductor demand has benefited from this expansion, particularly in high-bandwidth memory and advanced manufacturing. Quantum computing, meanwhile, remains an emerging investment opportunity, with companies working to turn research breakthroughs and commercial partnerships into viable businesses.
In 2027, investors are expected to focus more on companies that can convert rising demand for AI, semiconductor and quantum technologies into actual revenue and earnings growth.
The scale of investment is substantial. Gartner forecasts worldwide AI spending of $2.67 trillion in 2026, up 49.5% year over year, in its September report. Its August forecast put global semiconductor revenues at $1.56 trillion in 2026 and $1.94 trillion in 2027. These projections clearly show the economic importance of AI infrastructure. However, they also raise questions about capital efficiency, supply constraints and the sustainability of demand.
Macroeconomic conditions will influence this investment cycle. On Oct. 13, the International Monetary Fund projected global economic growth of 3.1% in 2026, identifying AI investment as a source of support while warning of risks from geopolitical conflict, higher energy prices and rising bond yields. Meanwhile, the Federal Reserve raised its federal funds target range to 3.75%-4% in September, citing elevated inflation. Higher financing costs can weigh on capital-intensive projects and valuations, making investment returns particularly important in 2027.
AI: Monetization Becomes the Key Test
Gartner forecasts worldwide AI spending to reach $3.64 trillion in 2027, with AI infrastructure accounting for approximately $1.98 trillion. AI services and software are also projected to expand, reflecting growing efforts to integrate AI into business applications. Gartner has noted that enterprises are increasingly emphasizing cost control, usage tracking and measurable outcomes.
The key question is whether AI-driven revenue growth and productivity gains can justify the substantial investment in computing infrastructure. In 2027, enterprise adoption, inference demand and the deployment of AI agents are expected to be important indicators to watch. Microsoft, through its Azure cloud and AI offerings and Palantir Technologies, through its enterprise AI platform, are two companies investors can monitor for evidence of AI monetization, customer adoption and operating efficiency.
Semiconductors: Memory and Manufacturing Take Center Stage
Gartner projects semiconductor revenues to approach $1.94 trillion in 2027, including $1.08 trillion from memory. This forecast highlights the importance of high-bandwidth memory (HBM), DRAM and NAND alongside AI processors. SEMI separately expects global 300mm fab equipment spending to rise 14% to $151 billion in 2027, supported by advanced-node and memory investment.
These projections create opportunities across foundries, chip-design companies and equipment suppliers. Micron Technology, a major memory-chip manufacturer and Lam Research, a supplier of semiconductor manufacturing equipment, offer exposure to two important parts of this investment cycle.
Quantum Computing: Commercial Progress Remains Uneven
Gartner projects global quantum-computing revenues to reach $1.1 billion in 2027, compared with $869.9 million in 2026. It expects public-sector spending to lead industry demand, reaching $245 million in 2027. These figures suggest a developing market rather than widespread commercial adoption.
Investors can monitor IonQ, which develops trapped-ion quantum computing systems and D-Wave Quantum, which focuses on quantum annealing and related computing solutions.
Free: Instant Access to Zacks' Market-Crushing Strategies
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.
Get all the details here >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.