Parv sharma

client and gaming, segment revenue +23% yoy to $3.6B. Client, revenue grew 26% yoy to $2.9B, led by strong sales Ryzen processors across consumer and commercial markets. Gaming revenue +11% yoy to $720M. 2H 2026 demand will be impacted by higher memory and component costs. $AMD

Q2E 2026 DC server CPU revenue to grow by more than 70% yoy with robust growth 2H 2026 and into 2027 with EPYC ramp. Q2 2026 outlook approx $11.2 billion ± $300 million. $AMD

full expanded TAM (x86+ARM), $ARM (Graviton, Axion, Cobalt, Vera, Ampere, ARM AGI,Kunpeng) is on track to be largest single architecture by revenue by 2030 not x86. Hyperscalers single architecture procurement is closing. Workload segmented portfolios new default. $NVDA $INTC

AMD just doubled its 2030 server CPU TAM forecast from $60B to >$120B in five months. The directional signal is right. In April 2026, @CounterPointTR forecast that ARM CPUs will hit ≥90% of host CPU deployments in custom AI ASIC servers by 2029. $AMD $INTL $ARM $NVDA

AMD just doubled its 2030 server CPU TAM forecast from $60B to >$120B in five months. The directional signal is right.

$AMD Data center is now the primary driver of revenue As AI adoption scales, demand is increasing not only for accelerators, but also for the high-performance CPUs that power and orchestrate those workloads. 26Q1 earnings

DC revenue increased 57% yoy to a record $5.8B led by EPYC CPUs. Inferencing and agentic AI are increasing the need for server CPU, these workloads require CPU processing for orchestration, data movement, & parallel execution. $AMD

𝗪𝗵𝗮𝘁 𝗿𝗲𝗮𝗹𝗹𝘆 𝗽𝗼𝘄𝗲𝗿𝘀 𝘆𝗼𝘂𝗿 𝗲𝘃𝗲𝗿𝘆𝗱𝗮𝘆 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲? 𝖨𝗇𝖽𝗂𝖺’𝗌 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝖾𝖽 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝗌 𝖺𝗋𝖾 𝗅𝗈𝗈𝗄𝗂𝗇𝗀 𝖻𝖾𝗒𝗈𝗇𝖽 𝗍𝗁𝖾 𝖽𝖾𝗏𝗂𝖼𝖾 𝖻𝗋𝖺𝗇𝖽 𝗍𝗈 𝗐𝗁𝖺𝗍’𝗌 𝗂𝗇𝗌𝗂𝖽𝖾 𝖺𝗇𝖽 𝗂𝗍’𝗌 𝗋𝖾𝗌𝗁𝖺𝗉𝗂𝗇𝗀 𝗁𝗈𝗐 𝗉𝗎𝗋𝖼𝗁𝖺𝗌𝖾 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇𝗌 𝖺𝗋𝖾 𝗆𝖺𝖽𝖾. 𝖮𝗎𝗋 𝗅𝖺𝗍𝖾𝗌𝗍 𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝗌𝗎𝗋𝗏𝖾𝗒 𝗁𝗂𝗀𝗁𝗅𝗂𝗀𝗁𝗍𝗌 𝗍𝗁𝗂𝗌 𝗌𝗁𝗂𝖿𝗍 𝗍𝗈𝗐𝖺𝗋𝖽 𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖺𝗇𝖼𝖾 𝖺𝗇𝖽 𝖼𝗁𝗂𝗉𝗌𝖾𝗍-𝗅𝖾𝖽 𝖽𝗂𝖿𝖿𝖾𝗋𝖾𝗇𝗍𝗂𝖺𝗍𝗂𝗈𝗇. 𝖠𝗌 𝖠𝖨, 𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖺𝗇𝖼𝖾, 𝖺𝗇𝖽 𝗌𝖾𝖺𝗆𝗅𝖾𝗌𝗌 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝗂𝗏𝗂𝗍𝗒 𝗍𝖺𝗄𝖾 𝖼𝖾𝗇𝗍𝗋𝖾 𝗌𝗍𝖺𝗀𝖾, 𝗍𝗁𝖾 𝖼𝗁𝗂𝗉𝗌𝖾𝗍 𝗂𝗌 𝖻𝖾𝖼𝗈𝗆𝗂𝗇𝗀 𝗍𝗁𝖾 𝖻𝖺𝖼𝗄𝖻𝗈𝗇𝖾 𝗈𝖿 𝗍𝗁𝖾 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝖾𝖽 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆. 𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝘂𝗿𝘃𝗲𝘆 𝗶𝗻𝗰𝗹𝘂𝗱𝗲- • 𝟪 𝗂𝗇 𝟣𝟢 𝗎𝗌𝖾𝗋𝗌 𝗋𝖺𝗇𝗄 𝖼𝗁𝗂𝗉𝗌𝖾𝗍 𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖺𝗇𝖼𝖾 𝖺𝗆𝗈𝗇𝗀 𝗍𝗁𝖾 𝗍𝗈𝗉 𝟧 𝖿𝖺𝖼𝗍𝗈𝗋𝗌 𝗐𝗁𝖾𝗇 𝖻𝗎𝗒𝗂𝗇𝗀 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝖾𝖽 𝖽𝖾𝗏𝗂𝖼𝖾𝗌. • 𝖢𝗁𝗂𝗉𝗌𝖾𝗍 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝖼𝖾 𝗂𝗌 𝗋𝗂𝗌𝗂𝗇𝗀 𝖺𝖼𝗋𝗈𝗌𝗌 𝖽𝖾𝗏𝗂𝖼𝖾𝗌—𝗁𝗂𝗀𝗁𝖾𝗌𝗍 𝗂𝗇 𝗅𝖺𝗉𝗍𝗈𝗉𝗌 (𝟪𝟩%) 𝖺𝗇𝖽 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌 (𝟪𝟦%), 𝖿𝗈𝗅𝗅𝗈𝗐𝖾𝖽 𝖻𝗒 𝗉𝖺𝗌𝗌𝖾𝗇𝗀𝖾𝗋 𝗏𝖾𝗁𝗂𝖼𝗅𝖾𝗌 (𝟧𝟦%). • 𝖲𝗇𝖺𝗉𝖽𝗋𝖺𝗀𝗈𝗇 𝗂𝗌 𝗍𝗁𝖾 𝗆𝗈𝗌𝗍 𝗍𝗋𝗎𝗌𝗍𝖾𝖽 𝖼𝗁𝗂𝗉𝗌𝖾𝗍 𝖻𝗋𝖺𝗇𝖽 𝗂𝗇 𝖨𝗇𝖽𝗂𝖺 𝖺𝖼𝗋𝗈𝗌𝗌 𝗉𝗋𝗈𝖽𝗎𝖼𝗍 𝖼𝖺𝗍𝖾𝗀𝗈𝗋𝗂𝖾𝗌 (𝖲𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌, 𝖠𝗎𝖽𝗂𝗈, 𝖷𝖱, 𝖯𝖺𝗌𝗌𝖾𝗇𝗀𝖾𝗋 𝖵𝖾𝗁𝗂𝖼𝗅𝖾𝗌). 𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: bit.ly/4uo8FxU #CounterpointResearch #Snapdragon #Qualcomm #Semiconductors #ConsumerTech $QCOM

𝗔𝗠𝗗 𝗤𝟭'𝟮𝟲: 𝗦𝗲𝗿𝘃𝗲𝗿 𝗖𝗣𝗨 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗲𝘀 𝗗𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗔𝗴𝗲𝗻𝘁𝗶𝗰 𝗔𝗜 @AMD 𝗋𝖾𝗉𝗈𝗋𝗍𝖾𝖽 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗐𝖾𝗅𝗅 𝖺𝖻𝗈𝗏𝖾 𝖼𝗈𝗇𝗌𝖾𝗇𝗌𝗎𝗌 𝗂𝗇 𝖰𝟣'𝟤𝟨, 𝗐𝗂𝗍𝗁 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗋𝖾𝖺𝖼𝗁𝗂𝗇𝗀 $𝟣𝟢.𝟥 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 (+𝟥𝟨% 𝖸𝗈𝖸), 𝖻𝖾𝖺𝗍𝗂𝗇𝗀 𝗌𝗍𝗋𝖾𝖾𝗍 𝖾𝗌𝗍𝗂𝗆𝖺𝗍𝖾𝗌. 𝖦𝗋𝗈𝗐𝗍𝗁 𝗐𝖺𝗌 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝗍𝗁𝖾 𝖣𝖺𝗍𝖺 𝖢𝖾𝗇𝗍𝖾𝗋 𝗌𝖾𝗀𝗆𝖾𝗇𝗍 (+𝟧𝟩% 𝖸𝗈𝖸 𝗍𝗈 $𝟧.𝟪 𝖻𝗂𝗅𝗅𝗂𝗈𝗇), 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝗂𝗇𝗀 𝗌𝖾𝗋𝗏𝖾𝗋 𝖢𝖯𝖴 𝗌𝗁𝖺𝗋𝖾 𝗀𝖺𝗂𝗇𝗌 𝗈𝗇 𝖳𝗎𝗋𝗂𝗇 𝖺𝗇𝖽 𝗌𝗎𝗌𝗍𝖺𝗂𝗇𝖾𝖽 𝖬𝖨𝟥𝟢𝟢𝖷/𝖬𝖨𝟥𝟧𝟢 𝖦𝖯𝖴 𝖽𝖾𝗆𝖺𝗇𝖽. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • 𝖲𝖾𝗋𝗏𝖾𝗋 𝖢𝖯𝖴 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗀𝗋𝖾𝗐 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟧𝟢% 𝖸𝗈𝖸, 𝗋𝖾𝖿𝗅𝖾𝖼𝗍𝗂𝗇𝗀 𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖺𝗅 𝖽𝗂𝗌𝗉𝗅𝖺𝖼𝖾𝗆𝖾𝗇𝗍 𝗈𝖿 𝖨𝗇𝗍𝖾𝗅 𝖺𝖼𝗋𝗈𝗌𝗌 𝗁𝗒𝗉𝖾𝗋𝗌𝖼𝖺𝗅𝖾 𝖺𝗇𝖽 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾. • 𝖠𝖬𝖣 𝖺𝗅𝗌𝗈 𝗋𝖾𝗏𝗂𝗌𝖾𝖽 𝗂𝗍𝗌 𝟤𝟢𝟥𝟢 𝗌𝖾𝗋𝗏𝖾𝗋 𝖢𝖯𝖴 𝖳𝖠𝖬 𝗈𝗎𝗍𝗅𝗈𝗈𝗄 𝖿𝗋𝗈𝗆 ~$𝟨𝟢 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 𝗍𝗈 $𝟣𝟤𝟢 𝖻𝗂𝗅𝗅𝗂𝗈𝗇+, 𝗂𝗆𝗉𝗅𝗒𝗂𝗇𝗀 𝖺 𝖢𝖠𝖦𝖱 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝗂𝗈𝗇 𝖿𝗋𝗈𝗆 𝟣𝟪% 𝗍𝗈 𝟥𝟧%+, 𝗐𝗂𝗍𝗁 𝖠𝖬𝖣 𝗍𝖺𝗋𝗀𝖾𝗍𝗂𝗇𝗀 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝟧𝟢% 𝗌𝗁𝖺𝗋𝖾 𝗈𝖿 𝗍𝗁𝖺𝗍 𝖾𝗑𝗉𝖺𝗇𝖽𝖾𝖽 𝗆𝖺𝗋𝗄𝖾𝗍. • 𝖢𝗅𝗂𝖾𝗇𝗍 𝖺𝗇𝖽 𝖦𝖺𝗆𝗂𝗇𝗀 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗋𝖾𝖺𝖼𝗁𝖾𝖽 $𝟥.𝟨 𝖻𝗂𝗅𝗅𝗂𝗈𝗇, 𝗎𝗉 𝟤𝟥% 𝖸𝗈𝖸. 𝖢𝗅𝗂𝖾𝗇𝗍 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗐𝖺𝗌 𝗎𝗉 𝟤𝟨% 𝗍𝗈 $𝟤.𝟫 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 𝗈𝗇 𝖱𝗒𝗓𝖾𝗇 𝗌𝗁𝖺𝗋𝖾 𝗀𝖺𝗂𝗇𝗌, 𝗐𝗁𝗂𝗅𝖾 𝗀𝖺𝗆𝗂𝗇𝗀 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗐𝖺𝗌 𝗎𝗉 𝟣𝟣% 𝗍𝗈 $𝟩𝟤𝟢 𝗆𝗂𝗅𝗅𝗂𝗈𝗇. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗔𝗠𝗗 𝗵𝗲𝗿𝗲: 𝗔𝗠𝗗’𝘀 𝗙𝘂𝗹𝗹-𝗦𝘁𝗮𝗰𝗸 𝗩𝗶𝘀𝗶𝗼𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗔𝗜 𝗘𝗿𝗮: counterpointresearch.com/en/insights/am… 𝗔𝗠𝗗 𝗔𝗜 𝗣𝗖𝘀 𝗮𝘁 𝗖𝗘𝗦 𝟮𝟬𝟮𝟲: 𝗗𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝗠𝗮𝗶𝗻𝘀𝘁𝗿𝗲𝗮𝗺 𝗔𝗜 𝗣𝗖𝘀 𝘄𝗶𝘁𝗵 𝗥𝘆𝘇𝗲𝗻 𝗔𝗜 𝟰𝟬𝟬: counterpointresearch.com/en/insights/am… 𝗔𝗠𝗗 𝗖𝗮𝗽𝘀 𝗮 𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝟮𝟬𝟮𝟱 𝗪𝗶𝘁𝗵 𝗥𝗲𝗰𝗼𝗿𝗱 𝗤𝟰 𝗥𝗲𝘀𝘂𝗹𝘁𝘀; 𝗔𝗜 𝗮𝗻𝗱 𝗗𝗮𝘁𝗮 𝗖𝗲𝗻𝘁𝗲𝗿 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗻𝗴: counterpointresearch.com/en/insights/am… #AMD #DataCenter #SemiconductorIndustry #AI #AgenticAI #AIInfrastructure #CounterpointResearch @AMDGaming @AMDRyzen $AMD #Gaming

AI is quietly turning India's 𝟳𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 "𝙨𝙢𝙖𝙧𝙩𝙥𝙝𝙤𝙣𝙚 𝙪𝙨𝙚𝙧𝙨" into "𝘼𝙄 𝙪𝙨𝙚𝙧𝙨", and the data behind this shift is worth paying close attention to. The @CounterPointTR's Smartphone Insights Report 2026 reveals that AI features now influence purchase decisions for 89% of users, with 58% engaging AI on their phones every single day. What makes this especially significant is how purposefully different cohorts are adopting it: Gen Z using AI for content creation and entertainment, millennials for research, planning and productivity, women for everyday assistance, parenting and personal care. This is AI embedding itself into the fabric of daily life, one use case at a time, across every income bracket and geography. The hardware baseline tells the same story from a different angle. Large 6.6"+ displays and 128GB+ storage are at 85% adoption, 50MP+ cameras at 75%, and GenAI-capable smartphones already at 30% penetration. These were premium markers two years ago. Today they are entry expectations. Replacement cycles stretching from 3.5 to approximately 4 years confirm users are making fewer upgrades but far more deliberate ones, seeking experiences that genuinely justify the investment. Financing is the quiet enabler behind this premiumisation wave. Around 43% of users frequently choose EMIs, and nearly 79% agree financing makes high-spec devices accessible, even as memory costs rise 20–40% and average selling prices climb. India is finding a way to bridge aspiration and affordability at scale, and that bridge is reshaping the entire market structure. @Tarunpathak's observation that India has matured from a price-sensitive market into one of the world's most discerning smartphone audiences is one of the more underrated macro insights of this cycle! The question India's smartphone market is asking has fundamentally changed. It has moved from "What is the best phone I can afford?" to "Which phone is intelligent enough to fit my life?" That shift in consumer intent will define the next decade of India's technology economy. 𝗙𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁: counterpointresearch.com/en/insights/In… 𝗪𝗼𝗿𝘁𝗵 𝗮 𝗿𝗲𝗮𝗱 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝘁𝗿𝗮𝗰𝗸𝗶𝗻𝗴 𝘄𝗵𝗲𝗿𝗲 𝗜𝗻𝗱𝗶𝗮'𝘀 𝘁𝗲𝗰𝗵 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝗶𝘀 𝗵𝗲𝗮𝗱𝗶𝗻𝗴.

𝗜𝗻𝘁𝗲𝗹 𝗤𝟭’𝟮𝟲: 𝗗𝗮𝘁𝗮 𝗖𝗲𝗻𝘁𝗲𝗿 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗦𝘂𝗿𝗴𝗲𝘀 𝗼𝗻 𝗔𝗜 𝗼𝗿𝗰𝗵𝗲𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 @intel 𝗋𝖾𝗉𝗈𝗋𝗍𝖾𝖽 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗌𝗂𝗀𝗇𝗂𝖿𝗂𝖼𝖺𝗇𝗍𝗅𝗒 𝖺𝖻𝗈𝗏𝖾 𝗍𝗁𝖾 𝗁𝗂𝗀𝗁𝖾𝗋 𝖾𝗇𝖽 𝗈𝖿 𝗂𝗍𝗌 𝗀𝗎𝗂𝖽𝖺𝗇𝖼𝖾 𝗂𝗇 𝖰𝟣’𝟤𝟨, 𝗐𝗂𝗍𝗁 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗋𝖾𝖺𝖼𝗁𝗂𝗇𝗀 $𝟣𝟥.𝟨 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 (+𝟩% 𝖸𝗈𝖸). 𝖦𝗋𝗈𝗐𝗍𝗁 𝗐𝖺𝗌 𝗉𝗋𝗂𝗆𝖺𝗋𝗂𝗅𝗒 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝗍𝗁𝖾 𝖣𝖺𝗍𝖺 𝖢𝖾𝗇𝗍𝖾𝗋 𝖺𝗇𝖽 𝖠𝖨 (𝖣𝖢𝖠𝖨) 𝗌𝖾𝗀𝗆𝖾𝗇𝗍 (+𝟤𝟤% 𝖸𝗈𝖸), 𝖿𝗎𝖾𝗅𝖾𝖽 𝖻𝗒 𝗍𝗁𝖾 𝖾𝗌𝗌𝖾𝗇𝗍𝗂𝖺𝗅 𝗋𝗈𝗅𝖾 𝗈𝖿 𝗁𝗂𝗀𝗁-𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖺𝗇𝖼𝖾 𝖢𝖯𝖴𝗌 𝗂𝗇 𝖠𝖨 𝖼𝗅𝗎𝗌𝗍𝖾𝗋 𝗈𝗋𝖼𝗁𝖾𝗌𝗍𝗋𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗈𝗇𝗀𝗈𝗂𝗇𝗀 𝗋𝖺𝗆𝗉 𝗈𝖿 𝖦𝗋𝖺𝗇𝗂𝗍𝖾 𝖱𝖺𝗉𝗂𝖽𝗌. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • 𝖨𝗇𝗍𝖾𝗅'𝗌 𝖰𝟣 𝟤𝟢𝟤𝟨 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗋𝗈𝗌𝖾 𝟩% 𝖸𝗈𝖸 𝗍𝗈 $𝟣𝟥.𝟨 𝖻𝗂𝗅𝗅𝗂𝗈𝗇, 𝖻𝖾𝖺𝗍𝗂𝗇𝗀 𝗀𝗎𝗂𝖽𝖺𝗇𝖼𝖾 𝖻𝗒 $𝟣.𝟦 𝖻𝗂𝗅𝗅𝗂𝗈𝗇. 𝖭𝗈𝗇-𝖦𝖠𝖠𝖯 𝖤𝖯𝖲 𝗈𝖿 $𝟢.𝟤𝟫 𝗏𝗌 𝖻𝗋𝖾𝖺𝗄𝖾𝗏𝖾𝗇 𝗀𝗎𝗂𝖽𝖺𝗇𝖼𝖾. • 𝖣𝖺𝗍𝖺 𝖢𝖾𝗇𝗍𝖾𝗋 & 𝖠𝖨 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗌𝗎𝗋𝗀𝖾𝖽 𝟤𝟤% 𝖸𝗈𝖸 𝗍𝗈 $𝟧.𝟣 𝖡𝗂𝗅𝗅𝗂𝗈𝗇, 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝖷𝖾𝗈𝗇 𝟨 𝗆𝗈𝗆𝖾𝗇𝗍𝗎𝗆 𝖺𝗇𝖽 𝖽𝖾𝖾𝗉𝖾𝗇𝗂𝗇𝗀 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉𝗌 𝗐𝗂𝗍𝗁 @nvidia 𝖺𝗇𝖽 @google. 𝖠𝖲𝖨𝖢 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗇𝖾𝖺𝗋𝗅𝗒 𝖽𝗈𝗎𝖻𝗅𝖾𝖽 𝖸𝗈𝖸. • 𝖢𝗅𝗂𝖾𝗇𝗍 𝖢𝗈𝗆𝗉𝗎𝗍𝗂𝗇𝗀 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗎𝗉 𝟣% 𝖸𝗈𝖸 𝗍𝗈 $𝟩.𝟩 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 𝖽𝖾𝗌𝗉𝗂𝗍𝖾 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗈𝗇𝗌𝗍𝗋𝖺𝗂𝗇𝗍𝗌, 𝖺𝗌 𝖿𝖺𝖼𝗍𝗈𝗋𝗒 𝗈𝗎𝗍𝗉𝗎𝗍 𝗐𝖺𝗌 𝗉𝗋𝗂𝗈𝗋𝗂𝗍𝗂𝗓𝖾𝖽 𝖿𝗈𝗋 𝗌𝖾𝗋𝗏𝖾𝗋-𝖾𝗇𝖽 𝗆𝖺𝗋𝗄𝖾𝗍𝗌. 𝖠𝖨 𝖯𝖢 𝖢𝖯𝖴 𝗆𝗂𝗑 𝗇𝗈𝗐 𝖾𝗑𝖼𝖾𝖾𝖽𝗌 𝟨𝟢% 𝗈𝖿 𝖼𝗅𝗂𝖾𝗇𝗍 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌. 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗙𝗼𝘂𝗻𝗱𝗿𝘆 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗲𝗿𝗲: counterpointresearch.com/en/reports/Fou… 𝗔𝗹𝘀𝗼 𝗥𝗲𝗮𝗱: 𝗜𝗻𝘁𝗲𝗹'𝘀 𝗧𝗲𝗿𝗮𝗙𝗮𝗯 𝗪𝗶𝗻 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮 𝗡𝗲𝘄 𝗘𝗿𝗮 𝗳𝗼𝗿 𝗜𝗙𝗦: counterpointresearch.com/en/insights/in… #AI #AIPC #NVIDIA #Intel #DataCenter #ASIC $INTC $NVDA $GOOGL

𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗼𝗖 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗙𝗮𝗹𝗹 𝟴% 𝗬𝗼𝗬 𝗶𝗻 𝗤𝟭 𝟮𝟬𝟮𝟲; 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝗘𝗮𝗿𝗹𝘆 𝟮𝟬𝟮𝟴 𝖶𝗂𝗍𝗁 𝗆𝖾𝗆𝗈𝗋𝗒 𝗉𝗋𝗂𝖼𝖾𝗌 𝗌𝗎𝗋𝗀𝗂𝗇𝗀 𝟧𝟢–𝟧𝟧% 𝖰𝗈𝖰, 𝖺𝗇𝖽 𝖺 𝖿𝗎𝗋𝗍𝗁𝖾𝗋 𝟪𝟢–𝟪𝟧% 𝗋𝗂𝗌𝖾 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗂𝗇 𝖰𝟤, @Qualcomm 𝖺𝗇𝖽 @MediaTek 𝖿𝖺𝖼𝖾𝖽 𝖽𝗈𝗎𝖻𝗅𝖾-𝖽𝗂𝗀𝗂𝗍 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝗌 𝖺𝗇𝖽 𝗌𝗈𝖿𝗍𝖾𝗋 𝖽𝖾𝗆𝖺𝗇𝖽. @Apple, @SamsungDSGlobal, @Google, 𝖺𝗇𝖽 @UNISOCTech 𝗉𝗈𝗌𝗍𝖾𝖽 𝗉𝗈𝗌𝗂𝗍𝗂𝗏𝖾 𝗀𝗋𝗈𝗐𝗍𝗁, 𝖺𝗂𝖽𝖾𝖽 𝖻𝗒 𝗂𝗇𝗍𝖾𝗀𝗋𝖺𝗍𝖾𝖽 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇𝗌 𝖺𝗇𝖽 𝗍𝗁𝖾 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇 𝗈𝖿 𝗅𝗈𝗐-𝖼𝗈𝗌𝗍 𝖼𝗁𝗂𝗉𝗌𝖾𝗍𝗌, 𝗋𝖾𝗌𝗉𝖾𝖼𝗍𝗂𝗏𝖾𝗅𝗒. 𝖶𝗂𝗍𝗁 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇 𝗇𝗈𝗋𝗆𝖺𝗅𝖼𝗒 𝗎𝗇𝗅𝗂𝗄𝖾𝗅𝗒 𝖻𝖾𝖿𝗈𝗋𝖾 𝖾𝖺𝗋𝗅𝗒 𝟤𝟢𝟤𝟪 𝖺𝗇𝖽 𝖺 𝖽𝗈𝗎𝖻𝗅𝖾-𝖽𝗂𝗀𝗂𝗍 𝖸𝗈𝖸 𝖽𝖾𝖼𝗅𝗂𝗇𝖾 𝗉𝗋𝗈𝗃𝖾𝖼𝗍𝖾𝖽 𝖿𝗈𝗋 𝖿𝗎𝗅𝗅-𝗒𝖾𝖺𝗋 𝟤𝟢𝟤𝟨, 𝖻𝗈𝗍𝗁 𝖮𝖤𝖬𝗌 𝖺𝗇𝖽 𝖲𝗈𝖢 𝗏𝖾𝗇𝖽𝗈𝗋𝗌 𝖺𝗋𝖾 𝖽𝖾𝗅𝖺𝗒𝗂𝗇𝗀 𝗅𝖺𝗎𝗇𝖼𝗁𝖾𝗌 𝖺𝗇𝖽 𝗋𝖾𝖼𝖺𝗅𝗂𝖻𝗋𝖺𝗍𝗂𝗇𝗀 𝖱&𝖣 𝗌𝗉𝖾𝗇𝖽 𝗍𝗈 𝗐𝖾𝖺𝗍𝗁𝖾𝗋 𝗍𝗁𝖾 𝗌𝗍𝗈𝗋𝗆. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:   • 𝖯𝗋𝖾𝗆𝗂𝗎𝗆 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌 𝗋𝖾𝗆𝖺𝗂𝗇𝖾𝖽 𝗋𝖾𝗅𝖺𝗍𝗂𝗏𝖾𝗅𝗒 𝗋𝖾𝗌𝗂𝗅𝗂𝖾𝗇𝗍 𝗐𝗂𝗍𝗁 𝗉𝗋𝗂𝖼𝖾 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾𝗌 𝗉𝖺𝗌𝗌𝖾𝖽 𝗈𝗇 𝗍𝗈 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝗌, 𝗐𝗁𝗂𝗅𝖾 𝗍𝗁𝖾 𝖾𝗇𝗍𝗋𝗒-𝗅𝖾𝗏𝖾𝗅 𝗌𝖾𝗀𝗆𝖾𝗇𝗍 𝗌𝗍𝖺𝗋𝗍𝖾𝖽 𝖺𝖽𝗈𝗉𝗍𝗂𝗇𝗀 𝗈𝗅𝖽𝖾𝗋-𝗀𝖾𝗇𝖾𝗋𝖺𝗍𝗂𝗈𝗇 𝖲𝗈𝖢𝗌.   • 𝖰𝗎𝖺𝗅𝖼𝗈𝗆𝗆 𝖺𝗇𝖽 𝖬𝖾𝖽𝗂𝖺𝖳𝖾𝗄 𝗌𝖺𝗐 𝖽𝗈𝗎𝖻𝗅𝖾-𝖽𝗂𝗀𝗂𝗍 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝗌, 𝗐𝗁𝗂𝗅𝖾 𝖠𝗉𝗉𝗅𝖾, 𝖲𝖺𝗆𝗌𝗎𝗇𝗀 𝖺𝗇𝖽 𝖦𝗈𝗈𝗀𝗅𝖾 𝗉𝗈𝗌𝗍𝖾𝖽 𝗀𝗋𝗈𝗐𝗍𝗁, 𝗌𝗎𝗉𝗉𝗈𝗋𝗍𝖾𝖽 𝖻𝗒 𝗌𝗍𝗋𝗈𝗇𝗀𝖾𝗋 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇 𝗂𝗇𝗍𝖾𝗀𝗋𝖺𝗍𝗂𝗈𝗇.   • 𝖴𝖭𝖨𝖲𝖮𝖢 𝗀𝖺𝗂𝗇𝖾𝖽 𝗌𝗁𝖺𝗋𝖾 𝗂𝗇 𝗍𝗁𝖾 𝗅𝗈𝗐-𝖾𝗇𝖽 𝟦𝖦 𝖺𝗇𝖽 𝖾𝗇𝗍𝗋𝗒-𝗅𝖾𝗏𝖾𝗅 𝟧𝖦 𝗌𝖾𝗀𝗆𝖾𝗇𝗍𝗌, 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝗂𝗇𝗀 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇 𝖺𝗍 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝖮𝖤𝖬𝗌 𝗅𝗂𝗄𝖾 𝖱𝖾𝖽𝗆𝗂 𝖺𝗇𝖽 𝖯𝗈𝖼𝗈𝗉𝗁𝗈𝗇𝖾.   • 𝖱𝗂𝗌𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝗉𝗋𝗂𝖼𝖾𝗌 𝖺𝗇𝖽 𝗀𝖾𝗈𝗉𝗈𝗅𝗂𝗍𝗂𝖼𝖺𝗅 𝗍𝖾𝗇𝗌𝗂𝗈𝗇𝗌 𝖺𝗋𝖾 𝗉𝗋𝖾𝗌𝗌𝗎𝗋𝗂𝗇𝗀 𝗆𝖺𝗋𝗄𝖾𝗍𝗌, 𝖽𝗋𝗂𝗏𝗂𝗇𝗀 𝖽𝗈𝗎𝖻𝗅𝖾-𝖽𝗂𝗀𝗂𝗍 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝗌 𝗂𝗇 𝖰𝟤 𝖲𝗈𝖢 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌, 𝗐𝗂𝗍𝗁 𝗋𝖾𝖼𝗈𝗏𝖾𝗋𝗒 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝖻𝗒 𝖾𝖺𝗋𝗅𝗒 𝟤𝟢𝟤𝟪. 𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/insights/Gl… 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗼𝗖 𝗠𝗼𝗱𝗲𝗹 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/reports/Glo… $QCOM #SmartphoneSoC #MemoryShortage #Semiconductors #Qualcomm #UNISOC #MediaTek #Apple @SamsungExynos #Redmi #Poco

US export curbs were meant to slow China's chip sector. Instead: SMIC +16%, CXMT +130%, Moore Threads +230%+. Quoted in @CNBC this week on why homegrown chips are filling the compute gap even without leading-edge performance. cnbc.com/2026/04/03/chi…

According to Counterpoint Research, SK hynix is expected to adopt hybrid bonding for HBM5 using hybrid bonding equipment from BESI and AMAT. SK hynix is expected to bring HBM5 to market around 2029 to 2030.

@nvidia counterpointresearch.com/en/insights/Ar… full report

@nvidia drives more ARM CPUs to drive "reasoning" (Agentic AI). Vera CPU (88 core) is designed to compete directly for general-purpose sockets. Unlike Grace which was a companion. In cloud servers we are also seeing a similar trend. $NVDA

@Arm CPUs will capture 90% of the AI ASIC server CPU market by 2029 @googlecloud Axion CPU next gen TPU infra @awscloud Inc share of Graviton across Trainium @Microsoft Azure Cobalt CPUs paired with Maia accelerators. @Meta : Arm AGI CPU for MTIA $META $MSFT $AMZN $Goog $ARM

>$100B TAM for custom DC CPU business big upside for Arm and $1T TAM for more opportunity outside of DC. $QCOM $MTK will be under pressure if ARM sells chips directly to smartphone OEMs or IoT players. Interesting play by ARM

@nvidia built Olympus core from scratch based on ARM and added hardware level accelerators for graph databases, FP8 features not found in Arm's stock Neoverse V3. Whereas ARM is leveraging its position for more standard offering. Things are going to heat up but x86 is at big loss

@ARM goes physical IP+CSS+physical silicon chip