Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

Thematic (Sector/Industry)

The SIA released its semiconductor figures for January - sales were up 13.2% over January of 2020 and 0.9% over a record December.  The year is off to a good start, despite COVID issues, shortages, earthquakes, and extreme weather.

The SIA released its semiconductor figures for January - sales were up 13.2% over January of 2020 and 0.9% over a record December.  The year is off to a good start, despite COVID issues, shortages, earthquakes, and extreme weather.

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA</a> this week reported record revenues of just over $5 billion together with an upbeat outlook for the current quarter. However, CEO Jensen Huang played down the prospects of a boom in crypto currency mining for the company, noting that current quarter revenues would be in the order of just $50 million. He further noted that crypto mining would be just a small part of the company's business in the future. Given that events related to this part of their business wreaked six months of havoc on the company just two short years ago, we found his somewhat cavalier approach and comments worrying. So too did investors it would appear and, together with a bearish night on markets overall, NVIDIA's share price fell 8% the following day. Here's our thoughts on the matter.

NVIDIA this week reported record revenues of just over $5 billion together with an upbeat outlook for the current quarter. However, CEO Jensen Huang played down the prospects of a boom in crypto currency mining for the company, noting that current quarter revenues would be in the order of just $50 million. He further noted that crypto mining would be just a small part of the company's business in the future. Given that events related to this part of their business wreaked six months of havoc on the company just two short years ago, we found his somewhat cavalier approach and comments worrying. So too did investors it would appear and, together with a bearish night on markets overall, NVIDIA's share price fell 8% the following day. Here's our thoughts on the matter.

NVIDIA. Cavalier Approach To Crypto Mining Overshadows Record Breaking Quarter.

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Event-Driven

With Softbank’s holdco discount shrinking to historically low levels, we examine each of the components of its NAV, most of which are themselves rather overvalued in our opinion. First up, we examine Arm which is seeing a lot of pushback against its potential acquisition by Nvidia.

With Softbank’s holdco discount shrinking to historically low levels, we examine each of the components of its NAV, most of which are themselves rather overvalued in our opinion. First up, we examine Arm which is seeing a lot of pushback against its potential acquisition by Nvidia.

Softbank – Looking at the NAV Components - ARM

Pat Gelsinger took the helm at Intel last week after a decade-long hiatus. In a letter to employees, he reiterated that this was his dream job and set out four priorities, namely product leadership, flawless execution, faster innovation and a reignition of the company's culture. As priorities go, these are standard, off the shelf cookie cutter imperatives that could be used by the incoming CEO of almost any company and tell us little or nothing about the actual direction Intel will take. Intel has the potential to be the technology turnaround story of the decade if not this century. If Gelsinger plays his cards right, Intel's market cap could quadruple to $1 trillion by 2026. Getting there will depend on Gelsinger implementing three key strategies. Here's what we think they are.

Pat Gelsinger took the helm at Intel last week after a decade-long hiatus. In a letter to employees, he reiterated that this was his dream job and set out four priorities, namely product leadership, flawless execution, faster innovation and a reignition of the company's culture. As priorities go, these are standard, off the shelf cookie cutter imperatives that could be used by the incoming CEO of almost any company and tell us little or nothing about the actual direction Intel will take. Intel has the potential to be the technology turnaround story of the decade if not this century. If Gelsinger plays his cards right, Intel's market cap could quadruple to $1 trillion by 2026. Getting there will depend on Gelsinger implementing three key strategies. Here's what we think they are.

Intel. Reaching A $1 Trillion Market Cap In Five Years Depends On Three Key Strategies

Technology augmented investing

Lazarus Goh

Augmenting fundamental investing with technology

Open Diligence

We aim to a) increase the efficacy of investment processes with technology and b) utilize alternative data to gain an additional perspective on equity names

We programmatically scanned through all company filings in the US to find companies that have exposure to the autonomous driving thematic play. The output is 45 companies that have varying relevance across the autonomous driving value chain.

We programmatically scanned through all company filings in the US to find companies that have exposure to the autonomous driving thematic play. The output is 45 companies that have varying relevance across the autonomous driving value chain.

"Autonomous Driving" Thematic Exposure and Where to Find Them (Autos)

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

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NVIDIA Corp (NVDA US)

January Semiconductors Up 13.2% Y/Y

Semiconductor revenues broke records in both December and January, and the business seems poised to continue to fare very well over 2021. This...

Jim Handy

NVIDIA. Cavalier Approach To Crypto Mining Overshadows Record Breaking Quarter.

NVIDIA reported record revenues of $5 billion & delivered a robust forecast. Yet, their share price dropped by over 8% the following day. Here's why.

William Keating

Softbank – Looking at the NAV Components - ARM

With Softbank’s holdco discount shrinking to historically low levels, we examine each of the components of its NAV starting with Arm

Mio Kato

Intel. Reaching A $1 Trillion Market Cap In Five Years Depends On Three Key Strategies

Intel has the potential to be the turn around story of the decade. A $1 trillion market cap is achievable within 5 years, but it depends on the...

William Keating

"Autonomous Driving" Thematic Exposure and Where to Find Them (Autos)

Which companies have exposure to the autonomous driving value chain? We programmatically scanned through US annual reports and found 45 US...

Lazarus Goh

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