Market recap #197

P Equity Research 📰@pequityresearch

JP Morgan: AI Power Semiconductors > JPMorgan’s latest research indicates that the market for AI power semiconductors is on the verge of massive expansion. The firm projects that the sector will scale from approximately $2.7 billion in 2025 to around $16 billion by 2028. This

Finn Stockinger@FinnStockinger

MLCCs (Multilayer Ceramic Capacitors) - tiny, low-cost passive components are emerging as a critical, underappreciated bottleneck in scaling AI data centers. The move to new architectures (GB300 and beyond) sharply increases power density and component requirements: > MLCC cost

tradfi news@tradfi

*AWS RAISES PRICES FOR NVIDIA COMPUTE BY 20% - THE INFORMATION *AMAZON WILL EXCLUDE CAPACITY BLOCKS USING PROPRIETARY TRAINIUM CHIPS FROM THE 20% PRICE HIKE #NVDA • #AMZN

Patrick C Toulme@PatrickToulme

Cerebras is going to 1T. Deep in the GPT 5.6 announcement is this gem. This offering will be a high priced fast mode offering for agentic coding. You will see customers like quant funds etc who have unlimited budget and the need for the fastest agentic coding in the world using

P Equity Research 📰@pequityresearch

J.P. Morgan: Power Semiconductor 1. Grid to Rack (20kV AC --> 800V DC) Infineon stands out as a clear leader here, boasting the broadest portfolio and acting as the leading 1.2–3.3kV SiC MOSFET supplier, qualified by Nvidia for 800V architecture. Navitas offers the highest

Shay Boloor@StockSavvyShay

Agility Robotics is going public via $CCXI at a $2.5B valuation and will trade under $AGLT. The Digit humanoid robot maker is backed by $NVDA, $AMZN, SoftBank and Foxconn with Nvidia selecting Agility as the launch partner for its Halos physical AI safety system.

Livermore (Private)@livermoreoption

Health Care has a 100% win rate in the back half of midterm election years. Not 80%. Not 90%. ONE HUNDRED PERCENT. I looked at every midterm year since 2006. Here's how each sector performed from July to December: 1. Health Care $XLV: +8.46% avg, 100% win rate 2. Industrials

Jukan @ICML@jukan05

Listen to what @GavinSBaker said on All-In at 1:04:06: “DRAM is the most important bottleneck, and Elon is focusing the Terafab on memory because he believes memory is the most important bottleneck. Not lasers, not capacitors, not power semis, not NAND, not HDDs. DRAM.” Even

Jukan @ICML @jukan05

Yes, MU is not Nvidia. But going forward, it may become even more important than Nvidia. Think about it. Inference is now directly tied to money. But inference does not get better simply by adding more Nvidia GPUs. In fact, GPUs are often underutilized in inference, sitting

Warren Pies@WarrenPies

"Being invested in the market right now is constantly having to fight against a deluge of bearish arguments about AI." Excerpts from @fernavid during last week's retrospective...including a discussion of the OpenRouter data many macro gurus are misinterpreting.

Zephyr@zephyr_z9

The Marvell puzzle has more pieces 😏😏

Knockouttrader @knockouttrader

UBS raises $MRVL ´s PT to $340 and $ALAB ´s PT to $400 as it becomes more bullish on the long-term CXL opportunity as well as some decent estimate updates for CY27E and CY28E. Arcuri believes CXL is moving from an emerging technology to a critical enabler of agentic AI

Schaeffer's Investment Research@schaeffers

Honeywell Aerospace $HONAV will officially join the S&P 500 on Monday, June 29 following its spin-off from Honeywell (which will remain on SPX as Honeywell Technologies $HON post-split) Meanwhile, Conagra Brands $CAG will be removed from the S&P 500 & moved to S&P SmallCap 600.

Ren@ren_stocks

Everyone is chasing the humanoid logos. I did what I did with AI Infra -- looked underneath the hood. The money is not in the robot. It is in the ~40 parts that repeat inside every body, the ones almost nobody can build. Here's the full list according to Goldman Sachs: 1. The

Serenity @aleabitoreddit

For robotics companies, I have a favorable view on Unitree and Agility Robotics, two humanoid players. And I have largest concentration in Agility Robotics, since I personally prefer US humanoid players. For upstream component exposure, I currently own: - Harmonic Drive https://t.co/YbMdym2gCQ

P Equity Research 📰@pequityresearch

Tesla accelerates mass production, Chinese manufacturers race ahead collectively—is the 'EV moment' for humanoid robots arriving? According to Nomura, Tesla is transitioning its Optimus Gen 3 from initial assembly into full-scale production, establishing the baseline for global

Citrini@citrini

We only write 1-2 primers a year because we want them to be durable. It’s simple to publish something market relevant for 6 months, but our goal is a piece you can return to years later and still derive value. Our Robotics primer meets that standard.

citriniresearch.com

Humanoid Robots

P Equity Research 📰@pequityresearch

A podcast I recommend everyone to follow to learn more about semi-engineering. Vikram explains Qualcomm's $QCOM HBC idea: "High bandwidth compute is their way of getting a better memory bandwidth hardware packaged right next to an XPU. So that you can get a really fast inference

Semi Doped @semidoped

New episode: Austin and Vik break down Qualcomm's Investor Day - HBC, Alphawave, Modular, more • 2/3 of revenue from data center, auto, and IoT by 2029, not handsets • HBC stacks LPDDR on the logic die, not beside it: 2,000 lanes become 100,000 • Disaggregation lets

OddStats@OddStats

There have been 29 years since the S&P 500 began in 1957 where the highest point of the 1st half of the year occurred in June. This year is the 30th. Want to guess how many times, of the 29, it went on to set at least one more new high during the 2nd half? All of them.

SemiAnalysis@SemiAnalysis_

It's worth watching how xAI is solving its power problem in Memphis, because the approach is unusually aggressive. The permitted capacity is real (roughly 1.2GW of permanent gas turbines were cleared at Southaven in March), but it's not where most of the growth is actually coming

amit@amitisinvesting

$META BREAKING: Meta is now building a cloud business to sell excess AI compute, as per Bloomberg. If this is true…then it is exactly what the market has been waiting for. - Justifies the heavy capex spend - Diversifies a line of business outside of advertising - If META

Con@__Con_

https://t.co/1RgtS06Ezn

Cointelegraph@Cointelegraph

🔥 JUST IN: Nasdaq selects Pyth to distribute Nasdaq TotalView market data, bringing depth-of-book and order imbalance data to onchain and software-native markets.

Polymarket@Polymarket

JUST IN: Microsoft is reportedly planning to lay off thousands of workers across sales, consulting, & Xbox.

P Equity Research 📰@pequityresearch

Morgan Stanley: GPUs vs. XPUs – Who Will Prevail? Driven by massive cloud investments, the global AI chip market is expected to hit roughly $485 billion by 2026 and surge to $753 billion by 2030—ultimately making up half of the entire $1.5 trillion semiconductor industry. Under

Erik Voorhees@ErikVoorhees

VVV and Capital Measured by revenue, Venice has become the largest company at the intersection of AI and cryptoeconomics. Today, we announced Venice’s first round of outside capital, a $65m Series A led by @dragonfly_xyz, valuing Venice’s equity at $1 billion. Since we are

Moody@MoodyWriter13

Rosenblatt lists $MIAX as one of its top eight ideas for the second half of the year. Unfortunately, I don’t have access to the full report, but the firm’s latest view remains firmly bullish: a Buy rating and a $61 price target (raised from $59 on May 7) after what it called

JOEY@JoeyTweeets

This is the greatest clip of the last five years. Literally every single thing he says is correct.

P Equity Research 📰@pequityresearch

"Inventory levels have increased at module makers and distributors, and smartphone and PC customers are facing pressure on the volume vs. margin trade-off" "We have begun to see actual order cuts after 2Q26 price hikes" Consumers are getting hit hard.

John Intel @intelfabs

From Morgan Stanley NAND shortages will last through 2027, but the consumer side looks weak $MU $SNDK But consumer... they don't really care right?