Research

AMZN: Expect much faster, higher margin returns on AWS capex vs past investment cycles

CCI 4Q25 Results and Model Update

Infineon 1FQ26: AI momentum confirmed, guide implies cyclical recovery in 2H. Upside into 2027. Buy €55 TP.

ARM: Cloud and AI will contribute more to growth than smartphones going forward

MTN / IHS: MTN in discussions to acquire 100% of IHS Towers

Arm 3FQ26: Upgrade to buy. Smartphone creates an entry point while the datacenter outlook strengthens.

SK Telecom – Q4 25 Quick Take: Mixed recovery and another skipped quarterly dividend

Uber 4Q25: Robotaxi datapoints support our thesis. Buy, $115

BT: Q3 26 – Line loss analysis – what is driving the improvement? Is it sustainable?

NTIA Weighs in on Starlink BEAD Contract

CHTR: Buy It Now

Vodafone (Buy): Q3 26 – The pricing vs. volume dynamic in Germany

NTT Corp – Q3 FY25 Quick Take: ARPU recovery continues but lowered guidance

LG Uplus – Q4 25 Quick Take: Strong results with moderate FY26 guidance

Crown Castle 4Q25 Quick Take: 2026 a transition year as CCI navigates SATS default and fiber sale

GOOGL: Search, Cloud, Capex all well above expectations as AI ambitions expand

Soitec 3FQ26: Correction lingers, now reflected in expectations; recovery in 2027

Chang Wah (6548 TT) Raising Prices On Lead Frames Call Notes

AMD 4Q25: Lack of immediate catalysts, but MI450 on track for $25bn run rate, entering 2027. Buy, $354 TP.

Vodacom Q3 26 – Another solid quarter; Better IB, solid Egypt