DanielRomero

Ajinomoto $2802 says ABF is not currently in shortage
Ajinomoto’s CEO says AI demand is putting pressure on ABF supply, but the company expects to meet demand through 2030. Beyond that, visibility is less clear
The CEO says Ajinomoto has not raised ABF prices just because it has monopoly-like power, despite investor pressure. He argues that aggressive pricing could damage customer relationships and encourage customers to look for alternatives
However, he leaves the door open to higher prices if substrates keep becoming more complex and higher value-added. In other words, prices may rise struct

CPU shortages to ease in H2, according to MSI’s chairman
MSI says GPU chip supply has fallen around 30% because $NVDA cannot fully meet demand due to limited memory availability
PC demand is weakening because of higher prices. MSI says its DIY segment is down around 20%, while the broader PC market is down 10–20%
$AMD and Intel are reportedly increasing their priority on PC CPUs again. AMD supply should improve in Q2, while Intel supply should improve in Q3

There is one key $SPCX supplier trading at 13x 2026 EPS, and nobody is talking about it

Memory can 10x from here
$MU market cap: $1.2T
$SPCX market cap: $2.3T
$MU annualized FCF: $28B
$SPCX annualized FCF: -$36B
$MU annualized net profit: $55B
$SPCX annualized net profit: -$17B

If you like $TE, you’ll love $TOYO
Same theme: U.S. solar manufacturing + domestic content + tariff reshoring
Different valuation
Market value
→ $TE: ~$2.4B market cap / $2.7B EV post-raise
→ $TOYO: $510M market cap / ~$500M EV
So $TE trades at roughly 4.6x TOYO’s market cap and around 5x+ TOYO’s EV
2026 production
→ $TE: 3.1–4.2GW module production guide from G1_Dallas
→ $TOYO: 5.5–5.8GW solar cell shipments + 1.0–1.3GW module shipments
Q1 financials
→ $TE: $178M revenue / 16.4% gross margin / $9.1M adjusted EBITDA / -$72.9M operating cash flow
→ $TOYO: $143M revenue / 33.5% gross margin / $

$ADBE is now down over 11% as the CEO, and now the CFO, exit the company

2026 was the year of photonics
2027 will be the year of PLP and glass substrates

$MU flirting with $1,000 again. I love this company
Today: +11.66%
YTD: +215%
Best part is that memory could re-rate another 100% and still feel fairly valued

$ORCL needs to raise more money to fund AI capex
“To support our capital investments program, we expect to raise around $40 billion in debt and equity in our fiscal year 2027. That includes our already announced $20 billion at-the-market equity issuance.”

$SMCI keeps finding ways to disappoint investors, even when all the cards are stacked in its favor

The CPO news isn’t that important
If CPO gets delayed, part of the near-term demand can be absorbed by pluggables, LPO, and NPO-style architectures
Most companies exposed to CPO are also exposed to optical transceivers, which could actually benefit from a delay in CPO adoption. So, stock-wise, it is largely not that significant
For example, companies like Coherent, Lumentum, Fabrinet, Broadcom, Marvell, and others may benefit from CPO over time, but they are also extremely levered to the current AI networking buildout