Rahul Todi

FSD Supervised approved in the Netherlands 🇳🇱

De toekomst van mobiliteit is aangebroken FSD Supervised has been approved in the Netherlands 🇳🇱 & will begin rolling out in the country shortly!  Trained on billions of kilometers of real-world driving data, it can drive you almost anywhere under your supervision – from residential roads to city streets & highways No other vehicle can do this.  We're excited to bring FSD Supervised to more European countries soon

Is relying on Intel's process know-how the optimal strategy, or a sign that building from scratch was too risky even for Elon? I think the combination of advanced node know-how and domestic supply chain would have played a major role in driving this.

As promised, here’s the deep dive on $MRVL. The silicon behind every AI connection. Why $MRVL is one of the most compelling AI infrastructure plays right now. Company: Marvel Technology Price: $90 Market Cap: $80B 1/ Why Marvell? AI models move massive amounts of data between GPUs, switches, storage, and across data centers. Most investors focus on the chips. Few focus on the connectivity. That’s where Marvell sits. Marvell builds the infrastructure that connects AI systems: optical interconnects, Ethernet switching, data center interconnect, custom silicon, and co-packaged optics. In simple terms, Marvell is the connectivity layer of AI infrastructure. Key advantages: • Broad interconnect portfolio • Leadership in 400G and 800G, now first with 1.6T • Custom silicon partnerships with major hyperscalers Every AI accelerator needs high-speed connectivity. That demand continues to grow as clusters scale. 2/ Fundamentals Revenue growth is accelerating. FY22: $4.5B FY24: $5.5B FY25: $5.8B FY26: $8.2B (+42% YoY) FY27 guide: $11B FY28 outlook: $15B Data center is the main driver, growing 40–50% annually. EPS is scaling quickly: FY25 EPS: $1.57 FY26 EPS: $2.84 (+81%) FY27E: $3.27 FY28E: $5+ Margins are expanding and free cash flow is expected to reach $3–4B over the next two years. 3/ Technicals $MRVL has spent nearly two years building a base. Recently it printed a Power Earnings Gap on strong volume with a close near the highs. That typically signals institutional accumulation. 4/ Institutions Institutional ownership is 83%. Large funds like Vanguard, BlackRock, Fidelity, Millennium, and Norges Bank have added positions recently. 5/ My Take The market has been so focused on who makes the best GPU that it's overlooked the company building the entire connectivity fabric that makes AI infrastructure actually work. Every GPU cluster, every custom XPU, every data center interconnect - they all need Marvell's silicon. And this isn't a speculative bet on future technology. The revenue is already here. $8.2 billion last year. $11 billion this year. $15 billion next year. All guided by management with bookings and purchase orders already in hand. Matt Murphy raised guidance three times in six months. Custom silicon went from zero to $1.5 billion. They acquired Celestial AI to own co-packaged optics - a market that could exceed $10 billion by 2030. And they're the first to productize 1.6T interconnects while already demoing the next generation. The stock sat in a base for almost two years while this transformation happened underneath. Now it just gapped up 18% on record earnings with 90M shares of volume. The fundamentals, the technicals, and the institutions are all saying the same thing. If you want exposure to AI infrastructure, $MRVL is the purest and most dominant way to play the connectivity layer - the one part of the stack every accelerator depends on. AI Doesn't Run on Chips Alone - It Runs on Connections. Enjoy!

Samsung Electronics Orders ~20 EUV Tools for P5… "First Cleanroom Completion Next Year" Samsung Electronics has reportedly placed orders for approximately 20 extreme ultraviolet (EUV) lithography tools—critical equipment for sub-10nm advanced processes—with Dutch semiconductor equipment maker ASML. Including deep ultraviolet (DUV) tools, the total lithography equipment order reaches roughly 70 units. Samsung plans to leverage this overwhelming number of lithography tools to maintain a decisive lead over competitors such as SK Hynix and Micron in advanced process technology. According to multiple semiconductor industry sources on April 6, Samsung Electronics has issued purchase orders (POs) to ASML and Japan's Canon for approximately 70 lithography tools to be installed in Phase 1 of its Pyeongtaek Campus Fab 5 (P5). Notably, the ~20 EUV lithography tools alone are valued at over KRW 10 trillion. These tools will be deployed to ramp production capacity on Samsung's 1c node—its 6th-generation 10nm-class DRAM process. As 1c process productivity improves, output of 6th-generation High Bandwidth Memory (HBM4) built on this node will also increase. Samsung mass-produced HBM4 in February this year—a world first—and has been supplying it to NVIDIA, the world's largest AI semiconductor company. HBM4 is mounted on NVIDIA's latest high-performance GPU, Rubin. Rubin is expected to begin shipping in earnest in the second half of this year, with supply going to U.S. big tech companies including Google and Amazon. The industry projects Rubin will generate over $1 trillion in revenue. Samsung is scaling up HBM4 production at its Hwaseong H3 Line 17 and Pyeongtaek P3/P4 fabs in line with the Rubin launch. Once the newly ordered EUV tools are delivered sequentially from ASML, Samsung is expected to simultaneously expand both DRAM and HBM4 output, solidifying its dominant position in the memory semiconductor market. The lithography tools from this order are scheduled for delivery in time for the P5 Phase 1 cleanroom build-out, expected in Q1 next year. Given that semiconductor equipment shipping typically takes about one year, Samsung is projected to begin installing the EUV and other lithography tools in the P5 cleanroom by Q2. Accordingly, Samsung's 1c DRAM and HBM4 production capacity is highly likely to see a significant increase in 1H next year. Industry observers note that this large-scale lithography equipment order marks the beginning of Samsung widening the technology gap over competitors in advanced process technology. SK Hynix, which is in fierce competition in the HBM market, signed an EUV supply contract with ASML worth approximately KRW 12 trillion for around 20 units late last month. SK Hynix plans to bring its total EUV fleet to roughly 40 units to strengthen its competitiveness in advanced processes. However, with Samsung ordering ~20 additional EUV tools, the equipment gap between the two companies in advanced processes is likely to persist. Samsung currently operates approximately 40 EUV tools—roughly double SK Hynix's fleet. With the addition of 70 lithography tools including EUV, Samsung can continue to lead in the race for advanced process supremacy against SK Hynix. Furthermore, analysts believe this positions Samsung favorably in the development race for the 1d node—the 7th-generation 10nm-class DRAM expected to be adopted starting with HBM5E. Samsung plans to deploy approximately 20 EUV tools at Pyeongtaek P5. If all four phases of P5 are configured as DRAM production lines, Samsung could produce more than double the volume of SK Hynix. An industry source familiar with the matter explained: "In the past, it was standard practice to determine NAND flash lines first when building a new fab, but this time the decision was made to expand DRAM lines first due to the expected increase in HBM4 shipments. EUV tools are expected to be installed sequentially starting in Q2 next year." $ASML