Daily Views on Tech Headlines

Lux will use MI350 silicon, a result that should create a modest boost for AMD's server compute/GPU revenues in the early 2026 time frame. Discovery will be built around the MI430, a variant of AMD's MI400 processors tuned for HPC. The biggest surprise here (in our view) is Discovery's delivery isn

Anthropic-GCP deal: The numbers and our read

Anthropic announced a multi-year expansion with Google Cloud “worth tens of billions of dollars”, covering up to 1m TPUs and representing over 1 GW of compute capacity to be deployed in 2026.

PSA Media & Entertainment: Video Games Industry / Company Round-Up ove...

This note provides a review of the video game-related articles that analyst Pelham Smithers has produced over the past month.

Gen AI Big Idea Series – Ayar Labs CEO, Mark Wade Co-packaged optics u...

We kicked off the 5th annual BCG × NSR Gen-AI Big Idea Series this month. We will host a slate of exceptional speakers through Feb-26 (full line-up on website).  Our first session, a conversation with Mark Wade, CEO of Ayar Labs, went deep on optical I/O: progress in bringing optical I/O to market, the roadblocks to scaling co-packaged optics, and how optical interconnects could redefine the architecture and economics of datacentres. Please see the link below for our takes.

Daily Views on Tech Headlines

Alphabet (Buy, $295 target) How much revenue could Anthropic’s 1M TPUs...

Yesterday, GOOGL formally announced an expanded compute and cloud services deal with Anthropic that provides access to “up to 1 million” TPUs and is worth “tens of billions” of dollars. This follows a Bloomberg report earlier this week citing potential for “high tens of billions” of revenue to GCP. We estimate that GOOGL will have 2.7M TPUs in service by the end of 2025 so the utilization of “up to 1 million” represents a significant source of demand for GOOGL’s custom chips.

Alphabet (GOOGL, Buy, $295 target) AI Search vs ChatGPT dominates, but...

Ahead of earnings next Wednesday, we review the top controversies for the stock – starting with AI Search vs ChatGPT -- and how investor sentiment is evolving post DOJ Search remedies, including how Cloud and TPUs are increasingly supporting GOOGL’s “AI winner” narrative. On the back of yesterday’s confirmation of an expanded relationship with Anthropic (and another Quantum breakthrough), we are raising our target to $295 from $275 on higher target multiples as we see Cloud increasingly support...

Daily Views on Tech Headlines

Wedbush Morning Call - Oct 24 2025 7:05AM

3Q25 Preview: Setting Up for Breakout in 2026; OP, $280 PT

3Q25 Preview: Solid Ad Backdrop

A Big Week Ahead for Big Tech Earnings and the AI Revolution; Expect G...

Better Current Backdrop vs. Better Future Prospects

OpenAI buildout plans – what do they tell us about best 5-year investm...

OpenAI announced a series of major contracts and partnerships in recent weeks, suggesting ambitions to deploy anywhere between 10 and 30GW of compute, with rich information about potential vendor positioning. We investigate in this research what can be inferred from these contracts and partnerships, and draw implications for the main names we cover, involved in the supply chain: Nvidia, Broadcom, AMD, TSMC, Micron, and semicap manufacturers.

Two Steps Forward, One Step Back or Vice Versa?

Daily Views on Tech Headlines

TSLA, Samsung, TSMC: Tesla AI5 production to be split between Samsung, TSMCView: Elon Musk during TSLA's earnings call indicated that Samsung and TSMC will now share production of the AI5 chip. TSMC had previously been identified as the supplier of AI5 silicon.We can visualize a setup where AI5 pro

GOOGL/AMZN : Implications of a new GCP + Anthropic deal

Yesterday, Bloomberg reported that Anthropic and GOOGL are in discussions about a deal for additional computing power for the AI startup. The term of the deal is not mentioned, but “high tens of billions of dollars” are cited as the potential scale. Both GOOGL and AMZN are, of course, investors and existing cloud services providers for Anthropic.

Daily Views on Tech Headlines - SNDK, MU, GFS, UMC, TXN

Wedbush Morning Call - Oct 22 2025 6:53AM

Expecting Robust Results from MSFT; Comfortably Leading in the AI Revo...