Last week was a landmark week in the semiconductor space.

In case you missed the action, Wells Fargo analyst David Wongrecapped all the key points investors should know, as well as provided a heads up for what to watch for this week.

Here’s a summary of what he discussed.

• On June 19, the June 2017 Top 500 Supercomputer list was released, which revealed NVIDIA Corporation NVDA 2.69% has maintained its lead over Intel Corporation INTC 1.29% among the world’s top supercomputers, despite Intel cutting prices on its Knights Landing Xeon Phi accelerators.
• On June 20, Advanced Micro Devices, Inc. AMD 2.88% launched its EPYC 7000series processors, which could potentially disrupt Intel’s hold on the x86 server processor market. “We think that AMD is steadily strengthening its competitive position in microprocessors and graphics, and believe that this will enable the company to continue driving revenue growth and moving towards profitability over the next several quarters,” Wong wrote.
• On June 20, Analog Devices, Inc. ADI 1.59% hosted an investor day event at which it provided updates on its business, including its acquisition of Linear. Wong feels Analog Devices is now “well positioned to steadily create value” following the deal.
• The drama between Apple Inc AAPL 0.86% and QUALCOMM, Inc QCOM 1.03%continued when Qualcomm accused Apple of making misleading statements in court filings regarding product performance. Apple has accused Qualcomm of attempting to collect payments for innovations that are unrelated to Qualcomm technology.

Looking ahead to this week, Wells Fargo will be watching Micron Technology, Inc. MU 2.12%earnings expected out on June 29. In addition, U.S. durable goods data for the month of May is coming out this week, and AMD is expected to release its Radeon Vega Frontier Edition accelerator for machine learning.

Wells Fargo has…

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