Trump and Xi Shots Across the Bow in AI Arms Race; Buy Tech on Sell-Of...

PSA Capital Goods / Technology: AI Lifts Automation

PSA’s automation and robotics analyst William Nestuk reviews the performance of automation stocks this year and explains why this month, AI has lit a touchpaper to strong performance by names in the sector.

Daily Views on Tech Headlines

Wedbush Morning Call - Oct 10 2025 6:50AM

Insight Focus on Product Advancements or Fundamentals?

Higher Memory CostsNTAP historically has been somewhat less adept than its peers during periods when memory costs fluctuate.We would not expect any impact on current quarter dynamics or even potentially FQ3 economics given our belief that NTAP pulled some storage purchases forward into CQ2.However,

Daily Views on Tech Headlines

Samsung, NVDA: Jensen Huang reportedly confirms Samsung’s HBM3e qualView: Per News1 Korea, Jensen has personally informed Samsung that its HBM3e has passed NVIDIA’s quality qualification tests and that NVDA intends to place orders. The two companies, in turn, are now reportedly fine-tuning details

Wedbush Morning Call - Oct 09 2025 6:44AM

September Sales Review - Lifting PT to NT$1,700

Oracle AI cloud margins: Much ado about nothing

The Information reported yesterday that Oracle’s AI cloud margins are in the high teens. Accounting for typical start-up costs, this aligns well with our analysis of the $300bn OpenAI contract. Please see the link for our analysis of Oracle's AI cloud economics over the next 10 years and the implications for overall gross margins.

Daily Views on Tech Headlines

we see limited impetus for manufacturers to shift lines to alleviate tight conditions (since there is tightness everywhere), a result that we believe will likely prolong shortages for older DRAM parts.Commercial Times, Economic Daily News

Wedbush Morning Call - Oct 08 2025 7:03AM

Expecting a Robust 3Q Tech Earnings Season to Match the AI Hype; Popco...

NVIDIA Corp: 1 director

Two Directors at NVIDIA Corp sold 225,048 shares at between 0.000USD and 186.892USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...

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

We take a closer look at how long it takes for AWS and GCP to pay back the investment in both GPUs and custom chips (TPUs and Trainium) on both a revenue and contribution margin basis, using our estimates of per-chip costs and realized pricing for each of AWS and GCP.

GOOGL/AMZN/META: Updated AI D&A and Lower META AI RO

we've updated our bottom-up AI depreciation analysis for GOOGL, AMZN and META following our latest AI capex update (see HERE).

AMD/OpenAI: much larger than you thought…

We put overnight the OpenAI / AMD announcement into perspective. Truly transformational in our view, and potentially representing 50% of the startup’s deployments by 2030… including the giant $300bn Oracle contract.

Daily Views on Tech Headlines

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

AMD announced a partnership with OpenAI this morning to deploy 6 Gigawatts of AMD GPUs. Please follow the link below for our take.

PSA Japan Market Strategy: Market Implications from Takaichi's Suprise...

The Japanese stock market’s take on the surprise victory of Sanae Takaichi in the LDP Presidential race suggested that it wasn’t so much a repeat of the “Koizumi Boom” from 20 years ago, but rather a brand new “Takaichi Boom”, and we saw the Nikkei 225 jump +4.8% to just under 48,000. Pelham Smithers compares and contrasts the impact and flags “Takaichi Stocks”. Importantly, market valuations suggest further upside.

OpenAI Partners with AMD and 10% Ownership Stake; Major Moment in AI R...