Research

Conf Call Slides: Memory in 2025: The fastest growing and most overlooked COGS of AI

Liquid Intelligent Technologies (High Yield) – New SA facilities signed, first tranche of new equity signed and closed. Still undervalued despite rally.

Ad Exec Call Recap: RDDT Drivers & TTD/AMZN/GOOGL Ad Tech Integrations

$60-90bn Broadcom AI compute & networking SAM across 3 players? The underlying math.

NSR Policy: Media Consolidation on the Horizon, but with Multiple Policies Affecting Values

Altice France: xpFibre recap and potential stake sale - our take on recent TMT article

European Tariff Tracker Dec24

Global Telecoms Multiples 2024-12-20

Broadband quick hit: Nevada and Delaware BEAD winners announced

Palo Alto Networks Model Update Post Stock Split

Micron 1FQ25: DRAM playing out as expected; NAND negative surprise doesn’t derail thesis. Buy $145 TP.

The Tech Infrastructure Quarterly Bible 3Q24

TRUE Corp – Ongoing long distance domestic call dispute with NT

AI Summit NYC Recap: GOOGL/Gemini 2.0, OpenAI, AI Capex read-throughs, etc.

Bible 3Q24 – Foundries: TSMC outperforming on all fronts

Bible 3Q24 – Industrials: Bouncing Along the Bottom, with Initial Signs of a 2025 Recovery

Memory in 2025: The fastest growing and most overlooked COGS of AI

CPNG: 4Q24 Preview - Lowering Top-Line Estimates due to FX impact

EU Telecoms: M&A outlook for 2025 - the calm before the storm

EU Telecoms: The Year Ahead 2025