Wedbush Morning Call - Dec 24 2025 6:59AM

Taiwan Supply Chain - November Revenue Results

Wedbush Morning Call - Dec 23 2025 7:03AM

Counting Clicks: November '25 Traffic Trends

Report Overview: Our analysis includes total web visits (desktop and mobile) to U.S. and international web domains, mobile app monthly active users (MAUs), daily active users (DAUs), and total time spent (where applicable). Throughout the report, we display Y/Y changes across each of these key metr

In Partial Win for Cable, Trump Memoranda Appears to Protect CBRS

Late Friday, President Trump released a new Presidential Memoranda on 6G and Spectrum. While what the Memoranda said is largely a restatement of what we have previously reported, we think the most important element for investors is what it didn’t say; specifically, that by omission it appears to protect the spectrum known as the Citizens Band Radio Services (CBRS) currently used by cable (and others) for wireless services. In this note we provide an analysis of the Memoranda.

Amazon (Buy, $340 target) AGI re-org looks +ve for Trainium as "Great...

Earlier this week, AMZN CEO Andy Jassy announced the creation of “a new organization that drives our most expansive AI models (e.g. Nova—and the team we’ve called “AGI”), silicon development (e.g. Graviton, Trainium, Nitro), and quantum computing,” to be led by 27-year veteran, and AMZN lifer, Peter DeSantis.

VZ/FBYR/CPUC Update: Build Out Requirements Remain an Issue

In a recent analysis of an Administrative Law Judge issuing a Proposed Decision recommending California Public Utilities Commission (CPUC) approval of the VZ/FYBR deal, albeit with numerous conditions, we focused on the conditions related to the tension between VZ’s letter to the FCC changing its policies toward DEI and requirements under California law and regulation, as that has been the key discussion point in the process to date. We noted but did not focus on the build-out requirement in pa...

Wedbush Morning Call - Dec 19 2025 7:11AM

2026 Consumer Internet Outlook: You Ain’t Seen Nothing Yet

VZ/FYBR Moves Toward California Approval

The VZ/FYBR deal has moved closer to closing with an Administrative Law Judge issuing a Proposed Decision recommending California Public Utilities Commission (CPUC) approval, albeit with numerous conditions. In this note we discuss that Proposed Decision and the steps forward from here.

VZ: Investor meeting key takeaways

We hosted a Verizon investor lunch yesterday. We feel we came away with a clearer understanding of the evolving ‘Dan Plan’. Long story short, the chances of VZ ‘burning down the neighborhood’ are far lower than generally feared. This fear has nevertheless been priced into sector stocks, which may present an opportunity across the sector.

Bible 3Q25 – Telecom: Growth in fixed & semis; mobile stabilizing

Today, we are publishing the Telecom Infrastructure section of our 29th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. Fixed equipment revenues are rebounding from the inventory correction, rising 11% YoY. RAN revenues declined 1% YoY, reflecting the ongoing weak demand following the 5G cycle. Telecom semis ...

Wedbush Morning Call - Dec 17 2025 6:57AM

No Longer Science Fiction. Just Science: Taking The Quantum Leap Forwa...

Bible 3Q25 – Hyperscale & Cloud: 2026 capex expectations up another 1...

Today, we are publishing the Hyperscale & Cloud section of our 29th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. We will publish sections on Telecom Equipment, Industrials, PCs, Enterprise IT, and Foundry later this week. Hyperscale revenues grew 16% YoY, with cloud services up nearly 30%. Capacity constra...

Wedbush Morning Call - Dec 16 2025 6:55AM

Takeaways from AV Regulatory Expert Call

Motor vehicles, including AVs, face different regulations at the federal, state, and local levels. At the federal level, the NHTSA issues the Federal Motor Vehicle Safety Standards (FMVSS), regulating the design, construction, and performance of vehicles. At the state level, regulators govern traff

STARTING SOON: Autonomous Vehicle Regulatory Expert Call | TODAY | 2PM...

Before that, he served as Senior Counselor to the Administrator at the White House’s Office of Information and Regulatory Affairs, where he led high-impact regulatory initiatives across a broad portfolio that included transportation, health, labor, education, agriculture, veterans, and defense; dev

STARTING SOON: Autonomous Vehicle Regulatory Expert Call | TODAY | 2PM...

Before that, he served as Senior Counselor to the Administrator at the White House’s Office of Information and Regulatory Affairs, where he led high-impact regulatory initiatives across a broad portfolio that included transportation, health, labor, education, agriculture, veterans, and defense; dev

Wedbush Morning Call - Dec 15 2025 6:50AM