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 #10 | 30 Aug–4 Sep 2026

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

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

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #8 | 23-29 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #7 | 15-21 Aug 2026

SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #6 | 9-15 Aug 2026

Thematic (Sector/Industry)

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

<ul>
<li>Commerce Secretary Lutnick confirmed Phase Two chip tariffs at the G20 Innovation Ministerial: build in the US and pay nothing; build elsewhere and pay to enter. </li>
<li>The market sold the sector as a basket. That is the error. Micron is the structural winner; Kioxia and SanDisk are structural losers. </li>
<li>
<strong>New pair idea:</strong> Long Micron (MU US) / Short Kioxia (285A JP) — captures the US footprint premium before the Federal Register makes it official.</li>
</ul>


Commerce Secretary Lutnick confirmed Phase Two chip tariffs at the G20 Innovation Ministerial: build in the US and pay nothing; build elsewhere and pay to enter. 
The market sold the sector as a basket. That is the error. Micron is the structural winner; Kioxia and SanDisk are structural losers. 

New pair idea: Long Micron (MU US) / Short Kioxia (285A JP) — captures the US footprint premium before the Federal Register makes it official.


SEMICONDUCTOR MEMORY CYCLE MONITOR — Issue #9 | Special Thematic Edition | 3 Sep 2026