Equity Long-Short

Mo Aziz

Capital markets veteran with 25 years across sell-side and buy-side research, investor relations, and fund management. Currently publish independent equity research (Mofferies Investment Research, via Smartkarma) spanning semiconductor memory (DRAM/NAND/HBM), foundry, semiconductor equipment and advanced packaging, gold and cross-asset strategy, financials forensics, and APAC IPOs — with a standing watchlist of 190+ companies across 41 countries. Background includes deep aviation-sector expertise (airlines, airports, OEMs, lessors, air cargo, travel/OTAs). Approach centers on identifying cyclical inflection points and mispriced risk across sectors, translated into explicit, actionable calls.

Thematic (Sector/Industry)

Macau Semiconductors and semiconductor equipment / Thematic (Sector/Industry)

<ul>
<li>Amazon raised 2026 capex to US$220bn from US$200bn, citing inflated memory prices, with demand already visible into 2028.</li>
<li>Apple and Tesla report memory cost pressure independent of AI infrastructure. Cook calls it a 100-year flood; Musk calls pricing<strong> "insane"</strong>.</li>
<li>Consensus raised 2027 DRAM demand growth to 36% YoY from 22% YoY previously. </li>
</ul>


Amazon raised 2026 capex to US$220bn from US$200bn, citing inflated memory prices, with demand already visible into 2028.
Apple and Tesla report memory cost pressure independent of AI infrastructure. Cook calls it a 100-year flood; Musk calls pricing "insane".
Consensus raised 2027 DRAM demand growth to 36% YoY from 22% YoY previously. 


Memory Crunch Broadens Beyond AI Capex: Apple, Tesla, Amazon Confirm Pricing Power