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.

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #13 | 20–26 Sep 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #12 | 13-19 Sep 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #11 | 5-12 Sep 2026

Thematic (Sector/Industry)

United states Semiconductors and semiconductor equipment / Thematic (Sector/Industry)

<ul>
<li>Micron squarely beats: FQ4 net income was US$38.3bn (+33% QoQ, 10x YoY); FQ1 guidance of $61.5bn. Yet the stock finished flat. The debate has shifted from demand to supply.</li>
<li>Korea had its first down week after three gains: the market read Solidigm's IPO as value leakage. Taiwan specialty rose 4–5%; Kioxia rose 3.8% after its 3-for-1 split.</li>
<li>Stay long Micron (TP $1,375) and add at ≤$975 on capex-led weakness. SK Hynix's exit catalyst moves to Q3 results on 27 Oct. Samsung's prelim (~7 Oct) is next.</li>
</ul>


Micron squarely beats: FQ4 net income was US$38.3bn (+33% QoQ, 10x YoY); FQ1 guidance of $61.5bn. Yet the stock finished flat. The debate has shifted from demand to supply.
Korea had its first down week after three gains: the market read Solidigm's IPO as value leakage. Taiwan specialty rose 4–5%; Kioxia rose 3.8% after its 3-for-1 split.
Stay long Micron (TP $1,375) and add at ≤$975 on capex-led weakness. SK Hynix's exit catalyst moves to Q3 results on 27 Oct. Samsung's prelim (~7 Oct) is next.


SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #14 | 27 Sep to 3 Oct 2026.