Microsoft gets a licence for less than 1% of what the region needs in 2026 alone
No one cares until it is too late
Still not much AI going on. Amazon Q3 25 – Still behind. Apple FQ4 25 – Short-term bounce
Still space for major problems.
Qualcomm bets against high-bandwidth memory
A bold bet with yet another frame order.
0.5m chips are a drop in the ocean
2nd largest frame order in history.
Partnership does not materially change the landscape.
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Qualcomm FQ4 & FY 2025 – Elephant Watching
Data centre is the elephant the market is ignoring.