CNBC host Jim Cramer will host a semiconductor-themed CNBC Investing Club conference call on Thursday at noon. The article notes that the AI capital expenditure cycle is in its hottest phase in two years and lists five key semiconductor companies and their recent performance:

NVIDIA: Q1 revenue reached $81.615 billion, a year-over-year increase of 85.23%; data center revenue was $75.246 billion, up 92%; Q2 revenue guidance is $91 billion ±2%, with a gross margin of 75%.
AMD: Q2 revenue increased by 50.1% year-over-year to $11.536 billion, with data center revenue doubling to $6.718 billion, accounting for 58% of total revenue.
ASML: Q2 revenue was $10.65 billion, a year-over-year increase of 21.3%; raised 2026 revenue guidance to €43-45 billion, with a gross margin of 54-56%.
Lam Research: Q4 revenue was $6.72 billion, a year-over-year increase of 30.0%; non-GAAP EPS was $1.82, beating expectations for five consecutive quarters. The stock price has risen 82.26% year-to-date.
Qualcomm: Q3 non-GAAP EPS was $2.21, slightly below expectations; mobile business revenue decreased by 20% year-over-year. However, automotive business revenue increased by 61% year-over-year to $1.588 billion, achieving double-digit growth for 23 consecutive quarters.