Research

Is AMD powering the $300bn & 4.5GW Oracle contract?

CLIENT CALL SLIDES: Updated AI ROICs -- AMZN higher, GOOGL lower, META mixed

AMD/OpenAI: much larger than you thought… 

AWS/GCP: How long does it take to pay off an XPU?

Asian Telcos – Q2 25 Quarterly Databank

VZ CEO Transition Quick Take: Cutting costs, throwing elbows, financial guardrails, loosening leverage targets

Will Chinese Investment in SpaceX affect the FCC 2GHz review?

GOOGL/AMZN/META: Updated AI D&A and lower META AI ROIC

Altice France model - post restructuring deal

Altice France (SFR) Post restructuring update –downgrade to Equal Weight on the bonds and new Neutral rating on the equity – equity implying a high M&A probability

Ericsson Model Update

AMD-OpenAI deal: Our initial cheat sheet – quite something!

Does the semicap rally have legs? Downgrading ASML to Neutral

Ad Tech CEO Lunch Recap: +ve for Amazon DSP, -ve for TTD, mixed for APP

AMX and Entel working on a joint bid for Telefonica Chile

Is OpenAI telling us they will deploy $1tn of datacenter per year soon?

Telecom Italia Enterprise event: Can cloud continue to soar?

Tesla 3Q25 Deliveries: pull-forward drives beat

South African Telcos - Solid H1 but expect prepaid weakness; CY25 H1 review

Sub-Saharan African Telecoms - Another good performance;  Q2 25 review