Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Micron Technology’s recent discussions reveal a business navigating strong demand amid supply-side constraints and ongoing investment in capacity expansion.</li><li>The company reiterated its expectation of elevated capital expenditures through fiscal year 2027, with an emphasis on increasing DRAM and High Bandwidth Memory (HBM) capacity, including investments in new greenfield fabs and expansions at existing sites such as Tongluo and Singapore.</li><li>While the NAND segment has historically relied more on node upgrades for bit growth, Micron is now pursuing greenfield expansion primarily to support increased NAND demand from data center applications driven by AI and to accommodate NAND R&D activities closer to manufacturing operations.</li></ul>

Micron Technology’s recent discussions reveal a business navigating strong demand amid supply-side constraints and ongoing investment in capacity expansion.The company reiterated its expectation of elevated capital expenditures through fiscal year 2027, with an emphasis on increasing DRAM and High Bandwidth Memory (HBM) capacity, including investments in new greenfield fabs and expansions at existing sites such as Tongluo and Singapore.While the NAND segment has historically relied more on node upgrades for bit growth, Micron is now pursuing greenfield expansion primarily to support increased NAND demand from data center applications driven by AI and to accommodate NAND R&D activities closer to manufacturing operations.

Micron Technology: Leveraging AI Adoption to Transform Memory Demand and Product Mix Dynamics!