📌 Storage-Shortage Narrative Faces an Expansion Test
SanDisk lowered its FY28—FY30 capital expenditure intensity target to the mid-single digits, below the mid-teens proposed at last year’s Investor Day. This is a more specific change on the memory supply side: if revenue …
📌 HBM Profitability Depends on Platform Share, Not Capacity
If NVIDIA Rubin Ultra’s HBM specification per chip is lowered, it does not necessarily mean shrinking demand for the HBM industry. The key is not only how much memory a single chip carries, but also whether a lower …
📌 Can SanDisk Escape the NAND Cycle Discount
What SanDisk wants to change is not just NAND sales, but the way investors view this business. Storage stocks are often valued as cyclical businesses because high profits are often seen as difficult to sustain.
📌 Coherent Earnings Validate Value Shift in Optical Interconnects
Coherent’s latest earnings indicate that AI optical interconnect demand is no longer merely an order expectation, but is beginning to translate into revenue and profit. The company’s quarterly revenue exceeded USD 2.
📌 AI Compute Investment Begins Shifting Toward External Financing
The funding sources for AI data centers may no longer rely primarily on the on-balance-sheet capital expenditures of cloud providers such as Microsoft, Google, Amazon, and Meta. Futurum Equities has raised its forecast …
📌 Rising Server Memory Prices Support Semiconductor Recovery
Rising prices for server DDR5 have added a more direct piece of fundamental evidence for the semiconductor sector, which has recently been under pressure. This month, quotes for 32GB, 64GB, and 96GB DDR5 RDIMMs were …
📌 Lumentum Earnings Validate Demand for Optical Interconnects
Lumentum’s quarterly revenue exceeded USD 1 billion for the first time, indicating that demand for optical connections in AI data centers is no longer merely a supply-chain expectation, but is beginning to show up in …
📌 CoreWeave Earnings: Watch Returns on Capital, Not Revenue
The key to CoreWeave’s earnings report this time is not only how quickly AI computing-power leasing revenue can continue to grow, but whether that revenue can cover rapidly rising capital costs and leave sufficient …
📌 The Pricing Key for U.S. Optical Module Restrictions Lies in Implementation Boundaries
The United States is reportedly drafting a policy to restrict additional imports of Chinese optical modules, aiming to exclude Chinese hardware from the U.S. AI infrastructure supply chain.
📌 Oil Shock Has Extended to Refined Products and Interest Rates
The impact of Middle East supply disruptions is no longer limited to rising crude oil prices. Concerns that the Strait of Hormuz will be difficult to fully reopen in the short term are transmitting risk to both U.S. …