
Fueled by AI demand, the memory upcycle that started in HBM has extended into mainstream DRAM/NAND. Using MU as an example, sustained ASP hikes have pushed GPM to elevated levels.
Management guided nex......1231 | Dolphin Research Focus: 🐬 Macro/Industry. 1) Dec. manufacturing PMI was 50.1%, up 0.9ppt vs. 49.2, returning to expansion after 4 months.
Both production and new orders climbed above the 50% th............Foxconn, the iPhone and AI server assembly giant, has asked Japan for subsidies as to begin manufacturing AI servers there, media report, saying it will use its 20-year relationship with Nvidia for di......
This report is built on two core themes: 👉 K-shaped economic recovery 👉 AI-driven future. Evercore ISI believes that the future market will be clearly divided: some companies will benefit from the A...
Entering 2025, three years into the OpenAI-led AI cycle, the industry remains in a full-on AI investment phase. Based on our recent work, Dolphin Research sees 2026 hinging on compute cost-down and on...
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