Rolf Bulk
Technology Infrastructure
Rolf Bulk is a member of the Technology Infrastructure team, and is based in Singapore. Prior to joining New Street Research, Rolf worked in Pierre’s #1-ranked Telecom Equipment and Semiconductors team at Bernstein. He also has previous experience in banking and brokerage at KAS Bank in Amsterdam and Neonet Securities in Stockholm. Rolf holds a MSc in Finance from the Stockholm School of Economics and a BA in Business from Rotterdam Business School. Rolf is passionate about the potential of space industry, and enjoys skiing and diving.
Research
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TEL 2FQ26: HBM drives beat. More positive tone on 2026. Neutral, ¥33,750.November 1, 2025 — Rolf Bulk and Pierre Ferragu
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TEL 2FQ26 QT: HBM drives beat. More positive tone on 2026.October 31, 2025 — Rolf Bulk and Pierre Ferragu
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KLA 1FQ26: AI deals not driving a material increase in 2026 WFE. Maintain Neutral, $1,230 Target Price.October 30, 2025 — Rolf Bulk and Pierre Ferragu
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Besi 3Q25: Mainstream recovery sets up a strong 2026. Buy, €170.October 24, 2025 — Rolf Bulk and Pierre Ferragu
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LAM 1FQ26: China and HBM drive beat. Maintain cautious view on 2026. $140 Target Price.October 23, 2025 — Rolf Bulk and Pierre Ferragu