Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>NVDA was good - but not good enough to shake off worries the longer-term growth trajectory is unsustainable, regardless of what's projected this year.</li>
<li>Expect names with smartphone exposure and particularly MLCC suppliers who have rallied sharply as the latest AI plays to pullback into month-end.</li>
<li>Dell +12% in AH as its earnings silence critics concerned it would struggle to contain rising memory costs.</li>
</ul>


NVDA was good - but not good enough to shake off worries the longer-term growth trajectory is unsustainable, regardless of what's projected this year.
Expect names with smartphone exposure and particularly MLCC suppliers who have rallied sharply as the latest AI plays to pullback into month-end.
Dell +12% in AH as its earnings silence critics concerned it would struggle to contain rising memory costs.


Japan Morning Connection: IDC Drops a Bombshell Expecting Smartphone Mkt to Contract 12.9% This Year

<ul>
<li>NVDA numbers hard to fault to expect continued strength in Japan SPE, and I would watch for a rebound from Ibiden after yesterday's dip.</li>
<li>Software rebounded so watch NEC Hitachi and Fujitsu, although Salesforce weakness AH may take the shine off.</li>
<li>SMCI's C-Node X AI infrastructure stack in partnership with Vast and NVDA may help Nidec catch a bid.</li>
</ul>


NVDA numbers hard to fault to expect continued strength in Japan SPE, and I would watch for a rebound from Ibiden after yesterday's dip.
Software rebounded so watch NEC Hitachi and Fujitsu, although Salesforce weakness AH may take the shine off.
SMCI's C-Node X AI infrastructure stack in partnership with Vast and NVDA may help Nidec catch a bid.


Japan Morning Connection: Navitas Semi Numbers Show Increased Adoption of GaN/SiC Power Components

<ul>
<li>Markets reacting to a dystopian Citrini Research report highlighting the danger AI poses to the consumer driven economy.</li>
<li>Software takes another hit with IBM posting its biggest loses since 2000 on fears AI eats into its mainframe biz.</li>
<li>Semi-Caps are outperformers ahead of the NVDA numbers on Wednesday.</li>
</ul>


Markets reacting to a dystopian Citrini Research report highlighting the danger AI poses to the consumer driven economy.
Software takes another hit with IBM posting its biggest loses since 2000 on fears AI eats into its mainframe biz.
Semi-Caps are outperformers ahead of the NVDA numbers on Wednesday.


Japan Morning Connection: AI Fears Spread with Financials and Insurance Down Sharply

<ul>
<li>Nintendo numbers missed although firm doesn't see impact from higher memory prices this year.</li>
<li>Ibiden to invest Y500bn in new production facilities to capture AI demand.</li>
<li>Defense names should rally after US shoots down an Iranian drone.</li>
</ul>


Nintendo numbers missed although firm doesn't see impact from higher memory prices this year.
Ibiden to invest Y500bn in new production facilities to capture AI demand.
Defense names should rally after US shoots down an Iranian drone.


Japan Morning Connection: Rotation Out of Tech Although AH Mixed with Lumentum up AMD Down

<ul>
<li>Teradyne +19% in AH trading after blowout numbers. Tokyo Seimitsu over Advantest.</li>
<li>OpenAI looking elsewhere for computational power; Sam Altman calms the waters on X.</li>
<li>Toyo Engineering finds rare earths. Off limit up yday on forced margin covering, but it will be back up there today.</li>
</ul>


Teradyne +19% in AH trading after blowout numbers. Tokyo Seimitsu over Advantest.
OpenAI looking elsewhere for computational power; Sam Altman calms the waters on X.
Toyo Engineering finds rare earths. Off limit up yday on forced margin covering, but it will be back up there today.


Japan Morning Connection: Appetite for Risk Ticking Higher as Precious Metals Stabilize

Japan

Sumitomo Electric Industries, Ltd. manufactures electric wires, cables, and their related equipment.  The Company's products include optical fibers, wire harnesses, antennas for broadcasting stations, and electric monitoring systems.  Sumitomo Electric also produces disc brakes and antilock braking systems for automobiles and printed circuit board.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sumitomo Electric Industries (5802 JP)

Japan Morning Connection: IDC Drops a Bombshell Expecting Smartphone Mkt to Contract 12.9% This Year

The unprecedented memory chip shortage will force manufacturers to focus on higher end more profitable phone models. Questions raised about if NVDA...

Andrew Jackson

Japan Morning Connection: Navitas Semi Numbers Show Increased Adoption of GaN/SiC Power Components

Expectations missed after President's speech yesterday, negative for Sumitomo Forestry which been volatile since announcing new acquisition. Bain...

Andrew Jackson

Japan Morning Connection: AI Fears Spread with Financials and Insurance Down Sharply

The US banking sector took a hit after a bearish AI dystopian report from Citrini Research focused on ‘the human intelligence displacement spiral’.

Andrew Jackson

Japan Morning Connection: Rotation Out of Tech Although AH Mixed with Lumentum up AMD Down

Software-related weak after Anthropic announced an AI tool that could fully replace existing products. Excessive weakness of Nintendo offers a...

Andrew Jackson

Japan Morning Connection: Appetite for Risk Ticking Higher as Precious Metals Stabilize

Tech higher led by Sandisk. AI and analog/power semis climb higher. A positive tone for Japan's testers; Tokyo Seimitsu has the potential to gain...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)