South Korean memory-chip stocks are still cheap even after the recent rally and are likely to among the biggest gainers on any further signs of deescalation in the Middle East, according to a top-performing fund https://t.co/5sc4twLyoH ...

Whenever the market gets clobbered and then starts crawling back, you always hold out hope that there'll be a broad advance. Lots of different groups powering higher, easily accessible to the masses that might have been blown out by the just endured decline. As we pound our way through our second day of this rally, I can definitively say that well, this is not one of those moves.This one is limited. It's small. It lacks any real leadership that you can hang your hat on.At least a so far. It's worth filling ...

Chinese-American Professor Behind Huawei-Backed Power Chip Wafer Maker Becomes BillionaireZhao Jianhui, the 66-year-old chairman of Epiworld International, joins the billionaire ranks following his company’s $209 million Hong Kong IPO.Read more: https://t.co/BbTIDiJ9wh https://t.co/lT6Vm8nwRj ...

MATT: 30 MINUTES TILL THE START OF THE CASH TRADE, FUTURES ARE HIGHER AGAIN. "BLOOMBERG OPEN INTEREST" STARTS NOW. MATT: PRESIDENT PRESIDENT DELIVERS A PRIMETIME SPEECH IS UP WITH SOME OF THE ROSE PARADE POSTAL RATE MECHANICAL DMV'S ROLE IN IRAN. DANI: RETAILER ISSUE FOR SURPRISING ME OUT HERE'S THE SLIDING SIDE HEADWINDS. MATT: OPENAI RAISES SUPPORT AROUND YET EVALUATION CAME TO 850 2 BILLION IN TOTAL. DANI: ANOTHER PIECE ON SOME OTHER TECH MOVERS. " INTEL AND APOLLO ARE DOING BECAUSE BECAUSE THIS IS A DEA ...

Keeping up with growing business demands on aging infrastructure is a daily challenge for IT managers. When old infrastructure can't keep pace, productivity slows and the risk of downtime increases. It's time to rethink what modern servers can deliver.Whether you're refreshing aging infrastructure or evaluating new options, there is a smarter choice. Modernize your data center with AMD EPYC 9000 Series server CPUs and choose 16 to 64 core configurations for your general IT workloads. AMD EPYC 9000 Series se ...

Intel agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management. https://t.co/usmMFsrHti ...

Summary of Montage Technology Co Ltd Conference Call Company Overview - **Company**: Montage Technology Co Ltd - **Industry**: Greater China Technology Semiconductors - **Ticker**: 688008.SS - **Market Cap**: Rmb142,361 million - **Current Stock Price**: Rmb125.28 - **Price Target**: Rmb190.00, representing a 52% upside potential Key Takeaways Industry and Market Dynamics - **AI Demand**: Management anticipates that AI demand, particularly for inference and agentic tasks, will continue to drive higher memory module content [2][3] - **Memory Interface Chips**: The need for higher memory bandwidth is accelerating the iteration and adoption of DDR5 and MRDIMM technologies. The second-generation MRDIMM offers a data transfer rate of 12.8GT/s, which is double that of DDR5 Gen3 at 6.4GT/s [2] - **Product Development**: Montage is progressing with the development of DDR5 Gen6 and plans to initiate R&D for DDR6 Gen1 this year [2] Financial Performance - **4Q25 Results**: Montage reported revenue of Rmb1,399 million, a decrease of 2% quarter-over-quarter (Q/Q) but an increase of 31% year-over-year (Y/Y). Net profit was Rmb603 million, up 27% Q/Q and 39% Y/Y [7] - **Gross Profit and Margin**: Gross profit was Rmb902 million, with a gross margin of 64.5%, reflecting a 1.1 percentage point increase Q/Q and a 6.3 percentage point increase Y/Y, exceeding estimates by 5 percentage points [7] - **Memory Interface Gross Margin**: The gross margin for memory interface chips was reported at 67.8%, up 2.1 percentage points Q/Q [7] Business Segments - **PCIe Business**: The PCIe 6.0 retimer was sampled last year, with volume ramp-up expected this year. R&D for PCIe 7.0 retimer is ongoing, with engineering sample tape-out anticipated this year [3] Valuation and Growth Projections - **Earnings Per Share (EPS)**: Projected EPS for the next fiscal years are Rmb1.24 for FY24, Rmb1.87 for FY25, Rmb2.60 for FY26, and Rmb4.61 for FY27 [5] - **Revenue Growth**: Expected revenue growth is Rmb3,639 million for FY24, Rmb5,456 million for FY25, Rmb7,710 million for FY26, and Rmb12,743 million for FY27 [5] - **Return Metrics**: Return on Net Operating Assets (RNOA) is projected to increase from 29.6% in FY24 to 98.5% in FY27 [5] Risks and Considerations - **Upside Risks**: Faster-than-expected phase-out of US peers and stronger cloud demand could positively impact growth [10] - **Downside Risks**: Weaker-than-expected cloud demand and delays in new product launches pose risks to growth [10] Additional Insights - **Market Position**: Montage is positioned as a unique proxy to benefit from the expanding AI server market in China through its PCIe business [3] - **Investment Rating**: The stock is rated as Overweight, indicating expected performance to exceed the average total return of the industry [5][28] This summary encapsulates the key points from the conference call, highlighting the company's strategic focus on AI-driven growth, financial performance, and market positioning within the semiconductor industry.

What's priced in? The SOX has de-rated 20% since the start of the Middle East conflict to 20x NTM P/E, and now sits only 8% away from Liberation Day (April-25) levels at 18.7x, which is consistent with mid-cycle corrections as consensus NTM EPS continues to revise higher. Stocks are trading as if numbers are going to be cut, despite global Tech earnings up 6% since the Iran conflict started. The risk of further downside is if the market assumes: 1) this conflict is extended; 2) oil stays elevated well above ...

March 2026: Adoption Holds Steady at 18.9% Sarah Dong +1(212)357-9741 | sarah.dong@gs.com Goldman Sachs & Co. LLC Joseph Briggs +1(212)902-2163 | joseph.briggs@gs.com Goldman Sachs & Co. LLC Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. c45a43530f604d12bcb9a82b5aa6b9f6 n We update our AI adoption tracker through March 2026. n AI- ...

What we learned from the company: We remain OW on Espressif: Despite weak end-market demand, we believe Espressif is less affected, given its overseas exposure and because we expect the company to capture emerging edge AI opportunities. Espressif Systems | Asia Pacific China Summit 2026 Feedback March 31, 2026 01:31 PM GMT | M March 31, 2026 01:31 PM GMT | Morgan Stanley Taiwan Limited+ | Update | | --- | --- | --- | | Espressif Systems Asia Pacific | Daniel Yen, CFA | | | | Equity Analyst | | | China Summi ...