Research

Bible 2Q25 - Autos: Semi recovery underway; tangible risks of pull-forwards slowing momentum in 2H

Jensen’s $3-4tn, Elon's 50m H100s, Marvell's miss, and more. Our weekly wrap-up.

BEAD: Half-time report

BEAD: State Plans Head to NTIA

Hot Chips 2025: memory, interconnects, and full-stack optimizations at the center of the stage

FiberCop H1 25: Pressure on core business continues

Eolo Q1 26: Price rise drives FWA subscriber losses

Kuaishou: Takeaways from Investor Day 2025

European Tariff Tracker August25

Global EM Telcos & Towers: Continuing strong – NSR GEM Top-10 September ‘25 Update

BABA: FY1Q26 Results - Continued Market Share Gains in both Cloud and Quick Commerce

GOOGL/META/AMZN: Insights into AI Capex from Hot Chips 2025 and NVDA earnings

The Great Replatforming, Part II – The General Theory. Could Jensen just be reasonably optimistic?

SATS, The DOJ, and Further Policy Considerations

Odido Q2 25: Good acceleration in SR and EBITDA growth, guidance reiterated

GEM/Japanese/Australian Telcos: Starlink – What impact might it have in Global EM, Japan, Singapore and Australia?

BEAD: More state proposals; Fiber share nearly stable

BABA: FY1Q26 Flash - Results Below Expectations; Cloud Growth Further Accelerated and AIDC Meaningfully Improved Margins

SK Telecom – Data breach fine creates a source of clarity, upgrade to Buy on valuation

Tele Columbus Q2 2025: Reiteration of guidance a positive step forward