Technology Supply Chain

This week, we attended Vertiv Holdings’ (VRT; $144.63; NR) Investor Event in Atlanta, GA, where we sat in on presentations from CEO Giordano Albertazzi and CFO David Fallon. We also had the opportunity afterwards to…

Our latest look at aggregate inventories up and down the supply chain after the recent CQ3 results season suggested further progress towards “normalizing” inventories, especially at electronics manufacturing service (EMS) providers. However, we recognize that…

Yesterday (10/17), Schneider Electric (SU.FR; €245.65; NR) announced an agreement to acquire a 75% interest in Motivair Corporation, a privately held company that specializes in liquid cooling and advanced thermal management, for $850mm. We think…

We think Hewlett Packard Enterprise (HPE; $20.67; NR) provided some much needed “food for thought” last Thursday (10/10) during its AI Day about liquid cooling technologies where we have highlighted technical challenges tied to deploying…

We think the upcoming CQ3 EPS season for the technology supply chain can generally keep alive expectations for a broadening cyclical demand recovery in coming quarters, albeit one that may build less dramatically when compared…

On Tuesday (8/27), we checked U.S. retail prices on popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models. Our survey turned up some mixed retail pricing dynamics, which is not too…

Our latest look at aggregate inventories up and down the supply chain post CQ2 results season suggested further right sizing of inventories that we assume likely continues at least through the end of this year….

We think the “expectations game” proves more complex for CQ2 EPS season than recent quarters. On one hand, we believe CQ2 expectations were generally set at reasonable levels especially since our checks suggest a healthy…

Our latest look at aggregate inventories up and down the supply chain suggested some more YoY improvements towards a return of more normalized inventories, albeit in the context of some typical seasonal increases in March…

As per our prior report (“A Powerful Data Center Conference”; 4/17), we spent a few days last week at Data Center World in Washington DC, where the wild level of bullishness we highlighted from our…

This week, we are spending time at what appears to be a very well attended Data Center World in Washington D.C. where we had the opportunity already to hear from and chat with managers representing…

Stocks in our tech supply chain coverage are +7% YTD and +35% YoY on average as a broadening set of cyclical recoveries were further priced in for H2. Along those lines, we expect CQ1 EPS season…

Our latest look at aggregate inventories up and down the supply chain suggested some more solid improvements towards a return of more normalized levels, although it is hard not to argue there remains “more inventory…

We think a muted end to the December quarter, combined with ongoing uncertainty around the impact of high interest rates on capital spending-driven markets, and typical seasonal pressures to start the year suggests to us…

On “Cyber Monday” (11/27), we checked prices on a number of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models from LG, Samsung and Vizio by pulling publicly available prices from…