Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

CXMT’s $8.6B Memory Clock: GigaDevice, Korea and China’s Fourth DRAM Bet

[Memory Q2: Part 1] Stripping the Noise from SK Hynix and Samsung’s Q2 Prints

[Memory Q2: Part 2] The Contract-Backed Cycle and the Cash Mountain

Memory's TurboQuant Panic Misses Where Demand Actually Sits

TurboQuant Was an Excuse; The Memory Cycle Was Already Splitting.

Micron Technology (MU US): 3QFY26 Blow-Out Beat Every Metric; SCA Framework Provides LT Visibility

Micron Technology (MU US): The Memory Supercycle's Moment of Truth — Q3FY26 Preview

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Equity Bottom-Up

<ul>
<li>Gaia is likely a high-powered PCIe companion card aiming to replace Nvidia's discrete workstation GPUs by leveraging Processing-in-Memory (PIM).</li>
<li>We estimate Gaia must target an 800-1,200 TOPS envelope to displace Nvidia’s workstation GPUs, specifically leveraging PIM to bypass the severe data bottlenecks of standard PCIe interfaces.</li>
<li>The PC-level integration is a Trojan horse to potentially pitch custom hyperscaler ASICs against incumbents, providing long-term optionality ahead of a pivotal (because ADRs) and potentially soft SKHynix earnings print.</li>
</ul>


Gaia is likely a high-powered PCIe companion card aiming to replace Nvidia's discrete workstation GPUs by leveraging Processing-in-Memory (PIM).
We estimate Gaia must target an 800-1,200 TOPS envelope to displace Nvidia’s workstation GPUs, specifically leveraging PIM to bypass the severe data bottlenecks of standard PCIe interfaces.
The PC-level integration is a Trojan horse to potentially pitch custom hyperscaler ASICs against incumbents, providing long-term optionality ahead of a pivotal (because ADRs) and potentially soft SKHynix earnings print.


Samsung's Gaia: A PIM Trojan Horse and the Case for Structural Outperformance

Samsung Electronics

Samsung's Gaia: A PIM Trojan Horse and the Case for Structural Outperformance