Counterpoint Research

Global Technology Industry Research, Analysis & Strategic Consulting Firm

[Counterpoint Research @CounterPointTR]

@Meta is putting AI glasses where it believes demand will be.

AI wearables are one of the few categories with room to create the next billion-dollar hardware business. @ray_ban @oakley @EssiLux

Launching new hardware is one step. Putting it in front of consumers through names like @KylieJenner may matter just as much.

#𝖠𝖨𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖲𝗆𝖺𝗋𝗍𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖬𝖾𝗍𝖺 #𝖷𝖱 #𝖤𝗌𝗌𝗂𝗅𝗈𝗋𝖫𝗎𝗑𝗈𝗍𝗍𝗂𝖼𝖺

[Counterpoint Research @CounterPointTR]

𝗠𝗲𝘁𝗮 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗻𝗲𝘄 𝗹𝗶𝗻𝗲𝘂𝗽 𝗼𝗳 𝗔𝗜 𝗴𝗹𝗮𝘀𝘀𝗲𝘀 𝘁𝗮𝗿𝗴𝗲𝘁𝗶𝗻𝗴 𝗻𝗲𝘄 𝗱𝗲𝗺𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝘀

𝖳𝗁𝖾 Meta (@Meta)-𝖻𝗋𝖺𝗇𝖽𝖾𝖽 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗅𝗂𝗇𝖾𝗎𝗉 𝗌𝗍𝖺𝗋𝗍𝗂𝗇𝗀 𝖺𝗍 $𝟤𝟫𝟫, 𝖾𝗑𝗉𝖺𝗇𝖽𝗌 𝗂𝗍𝗌 𝗌𝗆𝖺𝗋𝗍 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗉𝗈𝗋𝗍𝖿𝗈𝗅𝗂𝗈 𝖻𝖾𝗒𝗈𝗇𝖽 𝖱𝖺𝗒-𝖡𝖺𝗇 (@ray_ban) 𝖺𝗇𝖽 𝖮𝖺𝗄𝗅𝖾𝗒 (@oakley).

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝘃𝗶𝗲𝘄𝘀:
• 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻, 𝗻𝗼𝘁 𝗮 𝗻𝗲𝘄 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗰𝘆𝗰𝗹𝗲. 𝖧𝖺𝗋𝖽𝗐𝖺𝗋𝖾 𝗌𝗉𝖾𝖼𝗌 𝖻𝗋𝗈𝖺𝖽𝗅𝗒 𝖺𝗅𝗂𝗀𝗇 𝗐𝗂𝗍𝗁 𝖱𝖺𝗒-𝖡𝖺𝗇 𝖬𝖾𝗍𝖺 𝖠𝖨 𝖦𝗅𝖺𝗌𝗌𝖾𝗌, 𝗍𝗁𝗂𝗌 𝗂𝗌 𝖺𝖻𝗈𝗎𝗍 𝖻𝗋𝗈𝖺𝖽𝖾𝗇𝗂𝗇𝗀 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋 𝖺𝗉𝗉𝖾𝖺𝗅, 𝖿𝖺𝗌𝗍𝖾𝗋 𝗀𝗈-𝗍𝗈-𝗆𝖺𝗋𝗄𝖾𝗍 𝖾𝗑𝖾𝖼𝗎𝗍𝗂𝗈𝗇, 𝖺𝗇𝖽 𝗅𝗈𝗐𝖾𝗋 𝗉𝗋𝗂𝖼𝖾 𝗉𝗈𝗂𝗇𝗍𝗌 𝗍𝗈 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝖾 𝗆𝖺𝗂𝗇𝗌𝗍𝗋𝖾𝖺𝗆 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇.

• 𝗔𝗱𝘃𝗲𝗻𝘁𝘂𝗿𝗲𝗿 𝗮𝗻𝗱 𝗙𝘂𝗿𝘆 𝘁𝗮𝗿𝗴𝗲𝘁 𝘁𝗵𝗲 𝗺𝗼𝗿𝗲 𝗮𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝘀𝗲𝗴𝗺𝗲𝗻𝘁, 𝗐𝗁𝗂𝗅𝖾 𝖬𝖾𝗍𝖺 𝖦𝗅𝖺𝗌𝗌𝖾𝗌 𝖼𝗈-𝖽𝖾𝗌𝗂𝗀𝗇𝖾𝖽 𝗐𝗂𝗍𝗁 𝖪𝗒𝗅𝗂𝖾 𝖩𝖾𝗇𝗇𝖾𝗋 𝗌𝗂𝗀𝗇𝖺𝗅𝗌 𝖺 𝖽𝖾𝗅𝗂𝖻𝖾𝗋𝖺𝗍𝖾 𝗆𝗈𝗏𝖾 𝗍𝗈 𝗋𝖾𝖺𝖼𝗁 𝖿𝖾𝗆𝖺𝗅𝖾 𝖺𝗇𝖽 𝗒𝗈𝗎𝗇𝗀𝖾𝗋 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝗌 𝖻𝖾𝗒𝗈𝗇𝖽 𝗍𝗁𝖾 𝖼𝗈𝗋𝖾 𝗍𝖾𝖼𝗁 𝖻𝖺𝗌𝖾.

• 𝗠𝘂𝘀𝗲 𝗦𝗽𝗮𝗿𝗸 𝗽𝗼𝘄𝗲𝗿𝘀 𝗲𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗔𝗜 𝗮𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲, 𝖾𝗑𝗉𝖺𝗇𝖽𝖾𝖽 𝗅𝗂𝗏𝖾 𝗍𝗋𝖺𝗇𝗌𝗅𝖺𝗍𝗂𝗈𝗇, 𝗉𝖾𝖽𝖾𝗌𝗍𝗋𝗂𝖺𝗇 𝗇𝖺𝗏𝗂𝗀𝖺𝗍𝗂𝗈𝗇, 𝖺𝗇𝖽 𝖺 "𝗉𝗋𝗂𝗏𝖺𝖼𝗒-𝖿𝗂𝗋𝗌𝗍" 𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇𝗂𝗇𝗀 𝗍𝗁𝖺𝗍 𝖽𝗂𝗋𝖾𝖼𝗍𝗅𝗒 𝖺𝖽𝖽𝗋𝖾𝗌𝗌𝖾𝗌 𝗈𝗇𝗀𝗈𝗂𝗇𝗀 𝗎𝗌𝖾𝗋 𝖼𝗈𝗇𝖼𝖾𝗋𝗇𝗌.

• 𝗘𝘀𝘀𝗶𝗹𝗼𝗿𝗟𝘂𝘅𝗼𝘁𝘁𝗶𝗰𝗮 (@EssiLux) 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗮 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗽𝗮𝗿𝘁𝗻𝗲𝗿. 𝖣𝖾𝗌𝗉𝗂𝗍𝖾 𝖽𝗂𝗏𝖾𝗋𝗌𝗂𝖿𝗂𝖾𝖽 𝗆𝖺𝗇𝗎𝖿𝖺𝖼𝗍𝗎𝗋𝗂𝗇𝗀, 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝖽 𝖾𝗆𝗉𝗁𝖺𝗌𝗂𝗌 𝗈𝗇 𝗍𝗁𝖾 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉 𝗎𝗇𝖽𝖾𝗋𝗌𝖼𝗈𝗋𝖾𝗌 𝗂𝗍𝗌 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖼 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝖼𝖾 𝗐𝗂𝗍𝗁𝗂𝗇 𝖬𝖾𝗍𝖺'𝗌 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆.

𝖮𝗎𝗋 𝗎𝗉𝗀𝗋𝖺𝖽𝖾𝖽 𝟤𝟢𝟤𝟨 𝗌𝗆𝖺𝗋𝗍 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗈𝗎𝗍𝗅𝗈𝗈𝗄 𝗋𝖾𝖿𝗅𝖾𝖼𝗍𝗌 𝗁𝗈𝗐 𝗠𝗲𝘁𝗮 𝗮𝗻𝗱 𝗘𝘀𝘀𝗶𝗹𝗼𝗿𝗟𝘂𝘅𝗼𝘁𝘁𝗶𝗰𝗮 𝗮𝗿𝗲 𝗽𝘂𝘀𝗵𝗶𝗻𝗴 𝗵𝗮𝗿𝗱 𝘁𝗼 𝘀𝗰𝗮𝗹𝗲 𝗔𝗜 𝗴𝗹𝗮𝘀𝘀𝗲𝘀 𝗮𝗻𝗱 𝗲𝘅𝘁𝗲𝗻𝗱 𝘁𝗵𝗲𝗶𝗿 𝗹𝗲𝗮𝗱, 𝗲𝘃𝗲𝗻 𝗮𝗺𝗶𝗱 𝗿𝗶𝘀𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗰𝗼𝘀𝘁𝘀. 𝗥𝗲𝗮𝗱 𝗵𝗲𝗿𝗲: https://t.co/JlYeIe6MNB

𝗧𝗼 𝗿𝗲𝗮𝗱 𝗼𝘂𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗻 𝗚𝗼𝗼𝗴𝗹𝗲 𝗮𝗻𝗱 𝗦𝗮𝗺𝘀𝘂𝗻𝗴'𝘀 𝗔𝗻𝗱𝗿𝗼𝗶𝗱 𝗫𝗥 𝗢𝗦-𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗴𝗹𝗮𝘀𝘀𝗲𝘀 𝗲𝗻𝘁𝗿𝘆 𝗶𝗻 𝗮 𝗠𝗲𝘁𝗮 𝗱𝗼𝗺𝗶𝗻𝗮𝘁𝗲𝗱 𝗺𝗮𝗿𝗸𝗲𝘁: https://t.co/yiAZa3wjNB

#𝖠𝖨𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖲𝗆𝖺𝗋𝗍𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖬𝖾𝗍𝖺 #𝖷𝖱 #𝖤𝗌𝗌𝗂𝗅𝗈𝗋𝖫𝗎𝗑𝗈𝗍𝗍𝗂𝖼𝖺

[Counterpoint Research @CounterPointTR]

𝗧𝗵𝗲 𝗱𝗿𝗼𝗻𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝘀 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗷𝘂𝘀𝘁 𝗮𝗯𝗼𝘂𝘁 𝗳𝗹𝘆𝗶𝗻𝗴 𝗰𝗮𝗺𝗲𝗿𝗮𝘀, 𝗶𝘁'𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗽𝗼𝘄𝗲𝗿𝗳𝘂𝗹 𝗳𝗿𝗼𝗻𝘁𝗶𝗲𝗿𝘀 𝗳𝗼𝗿 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗔𝗜.

𝖦𝗅𝗈𝖻𝖺𝗅 𝖽𝗋𝗈𝗇𝖾 𝗋𝖾𝗏𝖾𝗇𝗎𝖾, 𝗂𝗇𝖼𝗅𝗎𝖽𝗂𝗇𝗀 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋 𝖺𝗇𝖽 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝗌𝖾𝗀𝗆𝖾𝗇𝗍𝗌 𝗂𝗌 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗀𝗋𝗈𝗐 𝖺𝗍 𝖺 𝟭𝟰% 𝗖𝗔𝗚𝗥 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟳𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟱 𝖿𝗋𝗈𝗆 𝟤𝟢𝟤𝟧, 𝖺𝖼𝖼𝗈𝗋𝖽𝗂𝗇𝗀 𝗍𝗈 𝗍𝗁𝖾 𝗅𝖺𝗍𝖾𝗌𝗍 𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖦𝗅𝗈𝖻𝖺𝗅 𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅 𝖠𝖨 𝖣𝖾𝗏𝗂𝖼𝖾𝗌 𝖬𝖺𝗋𝗄𝖾𝗍 𝗍𝗋𝖺𝖼𝗄𝖾𝗋.

𝗔 𝗳𝗲𝘄 𝗸𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝗿𝗲𝗽𝗼𝗿𝘁:
• 𝖲𝖾𝗋𝗏𝗂𝖼𝖾 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗂𝗌 𝗌𝖾𝗍 𝗍𝗈 𝗋𝖾𝖺𝖼𝗁 $𝟧𝟣 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 𝖻𝗒 𝟤𝟢𝟥𝟧, 𝗌𝗂𝗀𝗇𝖺𝗅𝗅𝗂𝗇𝗀 𝖺 𝖽𝖾𝖼𝗂𝗌𝗂𝗏𝖾 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝗌𝗁𝗂𝖿𝗍 𝖿𝗋𝗈𝗆 𝗁𝖺𝗋𝖽𝗐𝖺𝗋𝖾 𝗍𝗈 𝖠𝖨-𝗉𝗈𝗐𝖾𝗋𝖾𝖽 𝗌𝖾𝗋𝗏𝗂𝖼𝖾𝗌

• 𝖢𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖽𝗋𝗈𝗇𝖾𝗌 𝖺𝗋𝖾 𝗎𝗇𝗅𝗈𝖼𝗄𝗂𝗇𝗀 𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅 𝖠𝖨 𝗎𝗌𝖾 𝖼𝖺𝗌𝖾𝗌 𝖺𝖼𝗋𝗈𝗌𝗌 𝖺𝗀𝗋𝗂𝖼𝗎𝗅𝗍𝗎𝗋𝖾, 𝗅𝗈𝗀𝗂𝗌𝗍𝗂𝖼𝗌, 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗂𝖺𝗅 𝗂𝗇𝗌𝗉𝖾𝖼𝗍𝗂𝗈𝗇, 𝗉𝗎𝖻𝗅𝗂𝖼 𝗌𝖺𝖿𝖾𝗍𝗒, 𝖺𝗇𝖽 𝖽𝗂𝗌𝖺𝗌𝗍𝖾𝗋 𝗆𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍

• 𝖢𝗁𝗂𝗇𝖺 𝗅𝖾𝖺𝖽𝗌 𝗍𝗁𝖾 𝗀𝗅𝗈𝖻𝖺𝗅 𝖽𝗋𝗈𝗇𝖾 𝗆𝖺𝗋𝗄𝖾𝗍, 𝗐𝗁𝗂𝗅𝖾 𝗍𝗁𝖾 𝖴𝖲, 𝖤𝗎𝗋𝗈𝗉𝖾, 𝖺𝗇𝖽 𝖨𝗇𝖽𝗂𝖺 𝖺𝗋𝖾 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝗂𝗇𝗀 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝗋𝖾𝗀𝗎𝗅𝖺𝗍𝗈𝗋𝗒 𝗋𝖾𝖿𝗈𝗋𝗆𝗌 𝖺𝗇𝖽 𝖽𝗈𝗆𝖾𝗌𝗍𝗂𝖼 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝗆𝖾𝗇𝗍

• 𝖦𝖾𝗈𝗉𝗈𝗅𝗂𝗍𝗂𝖼𝖺𝗅 𝗍𝖾𝗇𝗌𝗂𝗈𝗇𝗌, 𝖻𝖺𝗍𝗍𝖾𝗋𝗒 𝖼𝗈𝗇𝗌𝗍𝗋𝖺𝗂𝗇𝗍𝗌, 𝖺𝗇𝖽 𝖼𝗒𝖻𝖾𝗋𝗌𝖾𝖼𝗎𝗋𝗂𝗍𝗒 𝖼𝗈𝗇𝖼𝖾𝗋𝗇𝗌 𝗐𝗂𝗅𝗅 𝗌𝗁𝖺𝗉𝖾 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗂𝗏𝖾 𝖽𝗒𝗇𝖺𝗆𝗂𝖼𝗌 𝗀𝗈𝗂𝗇𝗀 𝖿𝗈𝗋𝗐𝖺𝗋𝖽

𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀, 𝗿𝗲𝗮𝗱 𝗼𝘂𝗿 𝗣𝗥: https://t.co/HyRVD3dagF

𝗧𝗼 𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗰𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲: https://t.co/QRkHfnlQdF

#𝖣𝗋𝗈𝗇𝖾𝗌 #𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅𝖠𝖨 #𝖠𝗎𝗍𝗈𝗇𝗈𝗆𝗒 #𝖫𝗈𝗐𝖠𝗅𝗍𝗂𝗍𝗎𝖽𝖾𝖤𝖼𝗈𝗇𝗈𝗆𝗒 #𝖢𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅𝖣𝗋𝗈𝗇𝖾𝗌

[Counterpoint Research @CounterPointTR]

𝗪𝗼𝗿𝗹𝗱 𝗖𝘂𝗽 𝗰𝗵𝗮𝗻𝗻𝗲𝗹 𝗳𝗶𝗹𝗹 𝗶𝘀 𝗿𝗲𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝗴𝗹𝗼𝗯𝗮𝗹 𝗧𝗩 𝘀𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗿𝗲𝘄𝗿𝗶𝘁𝗶𝗻𝗴 𝗯𝗿𝗮𝗻𝗱 𝗿𝗮𝗻𝗸𝗶𝗻𝗴𝘀

𝖦𝗅𝗈𝖻𝖺𝗅 𝖳𝖵 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗀𝗋𝖾𝗐 𝟪% 𝖸𝗈𝖸 𝗂𝗇 𝖠𝗉𝗋𝗂𝗅 𝟤𝟢𝟤𝟨, 𝖺𝗌 𝖻𝗋𝖺𝗇𝖽𝗌 𝖺𝗇𝖽 𝗋𝖾𝗍𝖺𝗂𝗅𝖾𝗋𝗌 𝖾𝗑𝗍𝖾𝗇𝖽𝖾𝖽 𝖼𝗁𝖺𝗇𝗇𝖾𝗅 𝗂𝗇𝗏𝖾𝗇𝗍𝗈𝗋𝗒 𝖻𝗎𝗂𝗅𝖽-𝗎𝗉 𝖺𝗁𝖾𝖺𝖽 𝗈𝖿 𝗍𝗁𝖾 𝖥𝖨𝖥𝖠 𝖶𝗈𝗋𝗅𝖽 𝖢𝗎𝗉 𝟤𝟢𝟤𝟨, 𝗐𝗂𝗍𝗁 𝖶𝖾𝗌𝗍𝖾𝗋𝗇 𝖤𝗎𝗋𝗈𝗉𝖾 (+𝟦𝟪% 𝖸𝗈𝖸) 𝖽𝗋𝗂𝗏𝗂𝗇𝗀 𝗍𝗁𝖾 𝖻𝗎𝗅𝗄 𝗈𝖿 𝗍𝗁𝗂𝗌 𝗀𝗅𝗈𝖻𝖺𝗅 𝗀𝗋𝗈𝗐𝗍𝗁.

•𝖭𝗈𝗋𝗍𝗁 𝖠𝗆𝖾𝗋𝗂𝖼𝖺 𝗀𝗋𝖾𝗐 𝟣𝟢% 𝖸𝗈𝖸, 𝖺𝗌 𝖲𝖺𝗆𝗌𝗎𝗇𝗀 (@Samsung) 𝖺𝗇𝖽 𝖧𝗂𝗌𝖾𝗇𝗌𝖾 (@HisenseGlobal) 𝖻𝖺𝗍𝗍𝗅𝖾 𝗂𝗇 𝖬𝗂𝗇𝗂𝖫𝖤𝖣

•𝖢𝗁𝗂𝗇𝖺 𝗋𝖾𝗆𝖺𝗂𝗇𝖾𝖽 𝗌𝗎𝖻𝖽𝗎𝖾𝖽, 𝗐𝗂𝗍𝗁 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖽𝖾𝖼𝗅𝗂𝗇𝗂𝗇𝗀 𝟣𝟧% 𝖸𝗈𝖸

•𝖷𝗂𝖺𝗈𝗆𝗂’𝗌 (@Xiaomi) 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗂𝗇 𝖶𝖾𝗌𝗍𝖾𝗋𝗇 𝖤𝗎𝗋𝗈𝗉𝖾 𝗀𝗋𝖾𝗐 𝗇𝖾𝖺𝗋𝗅𝗒 𝟣𝟤𝗑 𝖸𝗈𝖸, 𝗅𝗂𝖿𝗍𝗂𝗇𝗀 𝗂𝗍𝗌 𝗌𝗁𝖺𝗋𝖾 𝖿𝗋𝗈𝗆 𝟤% 𝗍𝗈 𝟣𝟥%, 𝖾𝗏𝖾𝗇 𝖺𝗌 𝖷𝗂𝖺𝗈𝗆𝗂’𝗌 𝗀𝗅𝗈𝖻𝖺𝗅 𝖳𝖵 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖽𝖾𝖼𝗅𝗂𝗇𝖾 𝟣𝟩% 𝖸𝗈𝖸, 𝗌𝗂𝗀𝗇𝖺𝗅𝗅𝗂𝗇𝗀 𝗋𝖾𝖽𝗂𝗌𝗍𝗋𝗂𝖻𝗎𝗍𝗂𝗈𝗇 𝗈𝖿 𝗏𝗈𝗅𝗎𝗆𝖾 𝗋𝖺𝗍𝗁𝖾𝗋 𝗍𝗁𝖺𝗇 𝖺𝖼𝗍𝗎𝖺𝗅 𝗈𝗏𝖾𝗋𝖺𝗅𝗅 𝗀𝗋𝗈𝗐𝗍𝗁.

𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗶𝗻𝘀𝗶𝗴𝗵𝘁 𝗵𝗲𝗿𝗲: https://t.co/kxaKIgVLLG

#TVShipments #FIFAWorldCup2026 #MiniLED

[Counterpoint Research @CounterPointTR]

𝗠𝗲𝘁𝗮 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗻𝗲𝘄 𝗹𝗶𝗻𝗲𝘂𝗽 𝗼𝗳 𝗔𝗜 𝗴𝗹𝗮𝘀𝘀𝗲𝘀 𝘁𝗮𝗿𝗴𝗲𝘁𝗶𝗻𝗴 𝗻𝗲𝘄 𝗱𝗲𝗺𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝘀

𝖳𝗁𝖾 Meta (@Meta)-𝖻𝗋𝖺𝗇𝖽𝖾𝖽 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗅𝗂𝗇𝖾𝗎𝗉 𝗌𝗍𝖺𝗋𝗍𝗂𝗇𝗀 𝖺𝗍 $𝟤𝟫𝟫, 𝖾𝗑𝗉𝖺𝗇𝖽𝗌 𝗂𝗍𝗌 𝗌𝗆𝖺𝗋𝗍 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗉𝗈𝗋𝗍𝖿𝗈𝗅𝗂𝗈 𝖻𝖾𝗒𝗈𝗇𝖽 𝖱𝖺𝗒-𝖡𝖺𝗇 (@ray_ban) 𝖺𝗇𝖽 𝖮𝖺𝗄𝗅𝖾𝗒 (@oakley).

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝘃𝗶𝗲𝘄𝘀:
• 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻, 𝗻𝗼𝘁 𝗮 𝗻𝗲𝘄 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗰𝘆𝗰𝗹𝗲. 𝖧𝖺𝗋𝖽𝗐𝖺𝗋𝖾 𝗌𝗉𝖾𝖼𝗌 𝖻𝗋𝗈𝖺𝖽𝗅𝗒 𝖺𝗅𝗂𝗀𝗇 𝗐𝗂𝗍𝗁 𝖱𝖺𝗒-𝖡𝖺𝗇 𝖬𝖾𝗍𝖺 𝖠𝖨 𝖦𝗅𝖺𝗌𝗌𝖾𝗌, 𝗍𝗁𝗂𝗌 𝗂𝗌 𝖺𝖻𝗈𝗎𝗍 𝖻𝗋𝗈𝖺𝖽𝖾𝗇𝗂𝗇𝗀 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋 𝖺𝗉𝗉𝖾𝖺𝗅, 𝖿𝖺𝗌𝗍𝖾𝗋 𝗀𝗈-𝗍𝗈-𝗆𝖺𝗋𝗄𝖾𝗍 𝖾𝗑𝖾𝖼𝗎𝗍𝗂𝗈𝗇, 𝖺𝗇𝖽 𝗅𝗈𝗐𝖾𝗋 𝗉𝗋𝗂𝖼𝖾 𝗉𝗈𝗂𝗇𝗍𝗌 𝗍𝗈 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝖾 𝗆𝖺𝗂𝗇𝗌𝗍𝗋𝖾𝖺𝗆 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇.

• 𝗔𝗱𝘃𝗲𝗻𝘁𝘂𝗿𝗲𝗿 𝗮𝗻𝗱 𝗙𝘂𝗿𝘆 𝘁𝗮𝗿𝗴𝗲𝘁 𝘁𝗵𝗲 𝗺𝗼𝗿𝗲 𝗮𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝘀𝗲𝗴𝗺𝗲𝗻𝘁, 𝗐𝗁𝗂𝗅𝖾 𝖬𝖾𝗍𝖺 𝖦𝗅𝖺𝗌𝗌𝖾𝗌 𝖼𝗈-𝖽𝖾𝗌𝗂𝗀𝗇𝖾𝖽 𝗐𝗂𝗍𝗁 𝖪𝗒𝗅𝗂𝖾 𝖩𝖾𝗇𝗇𝖾𝗋 𝗌𝗂𝗀𝗇𝖺𝗅𝗌 𝖺 𝖽𝖾𝗅𝗂𝖻𝖾𝗋𝖺𝗍𝖾 𝗆𝗈𝗏𝖾 𝗍𝗈 𝗋𝖾𝖺𝖼𝗁 𝖿𝖾𝗆𝖺𝗅𝖾 𝖺𝗇𝖽 𝗒𝗈𝗎𝗇𝗀𝖾𝗋 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝗌 𝖻𝖾𝗒𝗈𝗇𝖽 𝗍𝗁𝖾 𝖼𝗈𝗋𝖾 𝗍𝖾𝖼𝗁 𝖻𝖺𝗌𝖾.

• 𝗠𝘂𝘀𝗲 𝗦𝗽𝗮𝗿𝗸 𝗽𝗼𝘄𝗲𝗿𝘀 𝗲𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗔𝗜 𝗮𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲, 𝖾𝗑𝗉𝖺𝗇𝖽𝖾𝖽 𝗅𝗂𝗏𝖾 𝗍𝗋𝖺𝗇𝗌𝗅𝖺𝗍𝗂𝗈𝗇, 𝗉𝖾𝖽𝖾𝗌𝗍𝗋𝗂𝖺𝗇 𝗇𝖺𝗏𝗂𝗀𝖺𝗍𝗂𝗈𝗇, 𝖺𝗇𝖽 𝖺 "𝗉𝗋𝗂𝗏𝖺𝖼𝗒-𝖿𝗂𝗋𝗌𝗍" 𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇𝗂𝗇𝗀 𝗍𝗁𝖺𝗍 𝖽𝗂𝗋𝖾𝖼𝗍𝗅𝗒 𝖺𝖽𝖽𝗋𝖾𝗌𝗌𝖾𝗌 𝗈𝗇𝗀𝗈𝗂𝗇𝗀 𝗎𝗌𝖾𝗋 𝖼𝗈𝗇𝖼𝖾𝗋𝗇𝗌.

• 𝗘𝘀𝘀𝗶𝗹𝗼𝗿𝗟𝘂𝘅𝗼𝘁𝘁𝗶𝗰𝗮 (@EssiLux) 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗮 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗽𝗮𝗿𝘁𝗻𝗲𝗿. 𝖣𝖾𝗌𝗉𝗂𝗍𝖾 𝖽𝗂𝗏𝖾𝗋𝗌𝗂𝖿𝗂𝖾𝖽 𝗆𝖺𝗇𝗎𝖿𝖺𝖼𝗍𝗎𝗋𝗂𝗇𝗀, 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝖽 𝖾𝗆𝗉𝗁𝖺𝗌𝗂𝗌 𝗈𝗇 𝗍𝗁𝖾 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉 𝗎𝗇𝖽𝖾𝗋𝗌𝖼𝗈𝗋𝖾𝗌 𝗂𝗍𝗌 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖼 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝖼𝖾 𝗐𝗂𝗍𝗁𝗂𝗇 𝖬𝖾𝗍𝖺'𝗌 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆.

𝖮𝗎𝗋 𝗎𝗉𝗀𝗋𝖺𝖽𝖾𝖽 𝟤𝟢𝟤𝟨 𝗌𝗆𝖺𝗋𝗍 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗈𝗎𝗍𝗅𝗈𝗈𝗄 𝗋𝖾𝖿𝗅𝖾𝖼𝗍𝗌 𝗁𝗈𝗐 𝗠𝗲𝘁𝗮 𝗮𝗻𝗱 𝗘𝘀𝘀𝗶𝗹𝗼𝗿𝗟𝘂𝘅𝗼𝘁𝘁𝗶𝗰𝗮 𝗮𝗿𝗲 𝗽𝘂𝘀𝗵𝗶𝗻𝗴 𝗵𝗮𝗿𝗱 𝘁𝗼 𝘀𝗰𝗮𝗹𝗲 𝗔𝗜 𝗴𝗹𝗮𝘀𝘀𝗲𝘀 𝗮𝗻𝗱 𝗲𝘅𝘁𝗲𝗻𝗱 𝘁𝗵𝗲𝗶𝗿 𝗹𝗲𝗮𝗱, 𝗲𝘃𝗲𝗻 𝗮𝗺𝗶𝗱 𝗿𝗶𝘀𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗰𝗼𝘀𝘁𝘀. 𝗥𝗲𝗮𝗱 𝗵𝗲𝗿𝗲: https://t.co/JlYeIe6MNB

𝗧𝗼 𝗿𝗲𝗮𝗱 𝗼𝘂𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗻 𝗚𝗼𝗼𝗴𝗹𝗲 𝗮𝗻𝗱 𝗦𝗮𝗺𝘀𝘂𝗻𝗴'𝘀 𝗔𝗻𝗱𝗿𝗼𝗶𝗱 𝗫𝗥 𝗢𝗦-𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗴𝗹𝗮𝘀𝘀𝗲𝘀 𝗲𝗻𝘁𝗿𝘆 𝗶𝗻 𝗮 𝗠𝗲𝘁𝗮 𝗱𝗼𝗺𝗶𝗻𝗮𝘁𝗲𝗱 𝗺𝗮𝗿𝗸𝗲𝘁: https://t.co/yiAZa3wjNB

#𝖠𝖨𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖲𝗆𝖺𝗋𝗍𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖬𝖾𝗍𝖺 #𝖷𝖱 #𝖤𝗌𝗌𝗂𝗅𝗈𝗋𝖫𝗎𝗑𝗈𝗍𝗍𝗂𝖼𝖺

[Counterpoint Research @CounterPointTR]

If TSMC raises prices Customers will look for alternatives like Intel and Samsung.

This is similar to CXMT gaining share in the memory market from Samsung and Micron when prices started to rise last year.

#Semiconductors #Foundry

[Neil Shah @neiltwitz]

Great timing for Intel and Samsung Foundry to benefit from the tailwinds.

After Apple shifted M7 to Intel and some “customers” diversifying to Samsung. I believe this has begun.

The only thing that now matters is how Intel & Samsung maintain TSMC-esque yield rates.

$TSM $INTC

[Counterpoint Research @CounterPointTR]

𝗔𝘀 𝗔𝗜 𝗮𝗻𝗱 𝗛𝗣𝗖 𝘄𝗼𝗿𝗸𝗹𝗼𝗮𝗱𝘀 𝗴𝗿𝗼𝘄 𝗰𝗼𝗺𝗽𝗹𝗲𝘅, 𝘁𝗵𝗲 𝘀𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝘀 𝗾𝘂𝗶𝗲𝘁𝗹𝘆 𝗲𝗻𝗴𝗶𝗻𝗲𝗲𝗿𝗶𝗻𝗴 𝗮 𝗿𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝘂𝗻𝗱𝗲𝗿𝗻𝗲𝗮𝘁𝗵 𝘁𝗵𝗲 𝗰𝗵𝗶𝗽: 𝗮𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗽𝗮𝗰𝗸𝗮𝗴𝗶𝗻𝗴.

𝖥𝖺𝗇-𝖮𝗎𝗍 𝖯𝖺𝗇𝖾𝗅-𝖫𝖾𝗏𝖾𝗅 𝖯𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 (𝖥𝖮𝖯𝖫𝖯) 𝖺𝗇𝖽 𝖦𝗅𝖺𝗌𝗌 𝖲𝗎𝖻𝗌𝗍𝗋𝖺𝗍𝖾 𝖯𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 𝗂𝗌 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝖾𝗑𝗉𝖾𝗋𝗂𝖾𝗇𝖼𝖾 𝗌𝗂𝗀𝗇𝗂𝖿𝗂𝖼𝖺𝗇𝗍 𝗀𝗋𝗈𝗐𝗍𝗁 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗇𝖾𝗑𝗍 𝗐𝖺𝗏𝖾 𝗈𝖿 𝖠𝖨 𝖼𝗈𝗆𝗉𝗎𝗍𝖾.

𝗢𝘂𝗿 𝗙𝗢𝗣𝗟𝗣 𝗮𝗻𝗱 𝗚𝗹𝗮𝘀𝘀 𝗦𝘂𝗯𝘀𝘁𝗿𝗮𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟲 𝗿𝗲𝘃𝗲𝗮𝗹𝘀 𝘁𝗵𝗮𝘁:
• 𝖳𝗁𝖾 𝗀𝗅𝗈𝖻𝖺𝗅 𝖥𝖮𝖯𝖫𝖯 𝖺𝗇𝖽 𝗀𝗅𝖺𝗌𝗌 𝗌𝗎𝖻𝗌𝗍𝗋𝖺𝗍𝖾 𝗆𝖺𝗋𝗄𝖾𝗍 𝗂𝗌 𝖿𝗈𝗋𝖾𝖼𝖺𝗌𝗍 𝗍𝗈 𝗀𝗋𝗈𝗐 𝖿𝗋𝗈𝗆 ~$𝟨𝟧𝟢 𝗆𝗂𝗅𝗅𝗂𝗈𝗇 𝗂𝗇 𝟤𝟢𝟤𝟦 𝗍𝗈 $𝟪.𝟣 𝖻𝗂𝗅𝗅𝗂𝗈𝗇+ 𝖻𝗒 𝟤𝟢𝟥𝟢

• 𝖠𝖨 𝖺𝗇𝖽 𝖧𝖯𝖢 𝖺𝗉𝗉𝗅𝗂𝖼𝖺𝗍𝗂𝗈𝗇𝗌 𝗐𝗂𝗅𝗅 𝖽𝗋𝗂𝗏𝖾 𝟦𝟧.𝟨% 𝗈𝖿 𝗍𝗈𝗍𝖺𝗅 𝖥𝖮𝖯𝖫𝖯 𝗆𝖺𝗋𝗄𝖾𝗍 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝖻𝗒 𝟤𝟢𝟥𝟢

• 𝖳𝖺𝗂𝗐𝖺𝗇, 𝖩𝖺𝗉𝖺𝗇 𝖺𝗇𝖽 𝖬𝖺𝗂𝗇𝗅𝖺𝗇𝖽 𝖢𝗁𝗂𝗇𝖺 𝖺𝗋𝖾 𝖿𝗈𝗋𝖾𝖼𝖺𝗌𝗍 𝗍𝗈 𝗋𝖾𝗉𝗋𝖾𝗌𝖾𝗇𝗍 𝟪𝟦.𝟪% 𝗈𝖿 𝗀𝗅𝗈𝖻𝖺𝗅 𝗉𝖺𝗇𝖾𝗅-𝗅𝖾𝗏𝖾𝗅 𝗉𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 𝖼𝖺𝗉𝖺𝖼𝗂𝗍𝗒 𝖻𝗒 𝟤𝟢𝟥𝟢.

• TSMC, Intel (@intel), Samsung Electro-Mechanics (@SEMCOin), 𝖠𝖲𝖤, 𝖺𝗇𝖽 𝖯𝖳𝖨 𝖺𝗋𝖾 𝖺𝗅𝗅 𝖾𝗑𝗉𝖺𝗇𝖽𝗂𝗇𝗀 𝗍𝗁𝖾𝗂𝗋 𝗉𝖺𝗇𝖾𝗅-𝗅𝖾𝗏𝖾𝗅 𝖺𝗇𝖽 𝗀𝗅𝖺𝗌𝗌 𝗌𝗎𝖻𝗌𝗍𝗋𝖺𝗍𝖾 𝖼𝖺𝗉𝖺𝖻𝗂𝗅𝗂𝗍𝗂𝖾𝗌 𝗍𝗈 𝖼𝖺𝗉𝗍𝗎𝗋𝖾 𝗍𝗁𝗂𝗌 𝗈𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗒

𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁 𝗵𝗲𝗿𝗲: https://t.co/8I3v7lagpE

#𝖠𝖽𝗏𝖺𝗇𝖼𝖾𝖽𝖯𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 #𝖲𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋𝗌 #𝖠𝖨𝖢𝗁𝗂𝗉𝗌 #𝖧𝖯𝖢 #𝖥𝖮𝖯𝖫𝖯 #𝖦𝗅𝖺𝗌𝗌𝖲𝗎𝖻𝗌𝗍𝗋𝖺𝗍𝖾

[Counterpoint Research @CounterPointTR]

𝗚𝗲𝗻𝗔𝗜 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲𝘀 𝗥𝗲𝗮𝗰𝗵 𝟰𝟱% 𝗦𝗵𝗮𝗿𝗲 𝗼𝗳 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝟮𝟬𝟮𝟲

𝖦𝖾𝗇𝖾𝗋𝖺𝗍𝗂𝗏𝖾 𝖠𝖨 𝗂𝗌 𝗇𝗈 𝗅𝗈𝗇𝗀𝖾𝗋 𝖺 𝗉𝗋𝖾𝗆𝗂𝗎𝗆 𝖽𝗂𝖿𝖿𝖾𝗋𝖾𝗇𝗍𝗂𝖺𝗍𝗈𝗋. 𝖨𝗍'𝗌 𝗍𝗁𝖾 𝖻𝖺𝗌𝖾𝗅𝗂𝗇𝖾 𝖾𝗑𝗉𝖾𝖼𝗍𝖺𝗍𝗂𝗈𝗇 𝖿𝗈𝗋 𝗐𝗁𝖺𝗍 𝖺 𝗆𝗈𝖽𝖾𝗋𝗇 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗌𝗁𝗈𝗎𝗅𝖽 𝖽𝗈. 𝖥𝗋𝗈𝗆 𝖲𝗂𝗋𝗂'𝗌 𝖼𝗈𝗇𝗏𝖾𝗋𝗌𝖺𝗍𝗂𝗈𝗇𝖺𝗅 𝗈𝗏𝖾𝗋𝗁𝖺𝗎𝗅 𝗍𝗈 𝖦𝖺𝗅𝖺𝗑𝗒 𝖠𝖨'𝗌 𝖽𝖾𝖾𝗉 𝗂𝗇𝗍𝖾𝗀𝗋𝖺𝗍𝗂𝗈𝗇𝗌, 𝗍𝗁𝖾 𝗋𝖺𝖼𝖾 𝗍𝗈 𝗆𝖺𝗄𝖾 𝗈𝗇-𝖽𝖾𝗏𝗂𝖼𝖾 𝖠𝖨 𝗀𝖾𝗇𝗎𝗂𝗇𝖾𝗅𝗒 𝗎𝗌𝖾𝖿𝗎𝗅 𝗂𝗌 𝗋𝖾𝗌𝗁𝖺𝗉𝗂𝗇𝗀 𝗁𝗈𝗐 𝖮𝖤𝖬𝗌 𝖼𝗈𝗆𝗉𝖾𝗍𝖾, 𝗁𝗈𝗐 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝗌 𝖾𝗏𝖺𝗅𝗎𝖺𝗍𝖾 𝗎𝗉𝗀𝗋𝖺𝖽𝖾𝗌, 𝖺𝗇𝖽 𝗐𝗁𝖾𝗋𝖾 𝗍𝗁𝖾 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇 𝗉𝗅𝖺𝖼𝖾𝗌 𝗂𝗍𝗌 𝖻𝖾𝗍𝗌.

𝗛𝗲𝗿𝗲'𝘀 𝘄𝗵𝗮𝘁 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗚𝗲𝗻𝗔𝗜 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗿𝗲𝘃𝗲𝗮𝗹𝘀:
• 𝖦𝖾𝗇𝖠𝖨 𝖼𝖺𝗉𝖺𝖻𝗅𝖾 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌 𝖺𝗋𝖾 𝖿𝗈𝗋𝖾𝖼𝖺𝗌𝗍 𝗍𝗈 𝗋𝖾𝖺𝖼𝗁 𝟦𝟧% 𝗈𝖿 𝗀𝗅𝗈𝖻𝖺𝗅 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗂𝗇 𝟤𝟢𝟤𝟨, 𝗋𝗂𝗌𝗂𝗇𝗀 𝗍𝗈 𝟧𝟤% 𝗂𝗇 𝟤𝟢𝟤𝟩.

• 𝖮𝗇𝗀𝗈𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗋𝗂𝗌𝗂𝗌 𝗂𝗌 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗋𝖾𝖽𝗎𝖼𝖾 𝗍𝗈𝗍𝖺𝗅 𝗀𝗅𝗈𝖻𝖺𝗅 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖻𝗒 𝟣𝟥.𝟫% 𝖸𝗈𝖸 𝗍𝗈 𝟣.𝟢𝟪 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 𝗎𝗇𝗂𝗍𝗌 𝗂𝗇 𝟤𝟢𝟤𝟨, 𝗍𝗁𝖾 𝗅𝗈𝗐𝖾𝗌𝗍 𝗅𝖾𝗏𝖾𝗅 𝗈𝗇 𝗋𝖾𝖼𝗈𝗋𝖽.

• Apple (@Apple) 𝖺𝗇𝖽 Samsung Electronics (@Samsung) 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾 𝗍𝗈 𝗅𝖾𝖺𝖽 𝗍𝗁𝖾 𝖦𝖾𝗇𝖠𝖨-𝖼𝖺𝗉𝖺𝖻𝗅𝖾 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗌𝖾𝗀𝗆𝖾𝗇𝗍, 𝗌𝗎𝗉𝗉𝗈𝗋𝗍𝖾𝖽 𝖻𝗒 𝗍𝗁𝖾𝗂𝗋 𝗌𝖼𝖺𝗅𝖾 𝖺𝗇𝖽 𝗌𝗍𝗋𝗈𝗇𝗀 𝗉𝗋𝖾𝗆𝗂𝗎𝗆 𝗉𝗈𝗋𝗍𝖿𝗈𝗅𝗂𝗈𝗌.

• 𝖶𝗂𝗍𝗁 𝗍𝗁𝖾 𝗅𝖺𝗎𝗇𝖼𝗁 𝗈𝖿 𝗍𝗁𝖾 𝗂𝖯𝗁𝗈𝗇𝖾 𝟣𝟩 𝗌𝖾𝗋𝗂𝖾𝗌, 𝖦𝖾𝗇𝖠𝖨 𝖼𝖺𝗉𝖺𝖻𝗂𝗅𝗂𝗍𝗂𝖾𝗌 𝖺𝗋𝖾 𝗇𝗈𝗐 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝖺𝖼𝗋𝗈𝗌𝗌 𝗇𝖾𝖺𝗋𝗅𝗒 𝗍𝗁𝖾 𝖾𝗇𝗍𝗂𝗋𝖾 𝖠𝗉𝗉𝗅𝖾 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗅𝗂𝗇𝖾𝗎𝗉.

𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀, 𝗿𝗲𝗮𝗱 𝗼𝘂𝗿 𝗣𝗥 𝗵𝗲𝗿𝗲: https://t.co/V2Fv7QPFct

#𝖠𝗉𝗉𝗅𝖾 #𝖦𝗈𝗈𝗀𝗅𝖾𝖦𝖾𝗆𝗂𝗇𝗂 #𝖦𝖾𝗇𝖠𝖨𝖲𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 #𝗂𝖯𝗁𝗈𝗇𝖾

[Counterpoint Research @CounterPointTR]

The humanoid race is increasingly becoming a US-China competition. China is leading. @UnitreeRobotics, is one of the leaders. It is betting on scale. You got to deploy as many robots into the real world to gain the know how.

#Humanoids #PhysicalAI

[Neil Shah @neiltwitz]

In the race to IPOs.

One to watch out for is @UnitreeRobotics

🤖Our team did a deep dive on the world's second largest Humanoid supplier's prospects.

▫️Most people still frame the humanoid robot race through the lens of US players like @Figure_robot , @Tesla and @BostonDynamics – focusing on cinematic demos, frontier AI, and the question of “who has the smartest robot”.

▫️However, China’s Unitree forces a different question: what if the first real advantage in humanoids starts from manufacturing cadence, cost structure, fast iteration, and deployment volume?

▫️Unitree is China’s leading robotics company and the clearest expression of a humanoid strategy that prizes scale before intelligence excellence.

▫️As Unitree prepares for its IPO, this report argues that China may not need to win the first round of this race by building the most intelligent robot.

▫️ It can also win by building enough robots at low cost to create the real-world data and field-learning loop that gradually hardens the intelligence layer.

▫️Unitree fast-tracking its IPO and the plan to build 75,000 humanoids per year (June 1, 2026)

▫️Unitree’s humanoid robot H2+ partnering with @NVIDIARobotics Isaac GR00T (June 1, 2026)

▫️The 81-hour full-autonomy live demo from Unitree’s biggest US rival, Figure AI (Mid-May, 2026)

▫️The proposed GUARD Act from the US that could put the Unitree-NVIDIA collaboration under pressure (June 3, 2026)

▫️Together, these signals reveal a much larger story – humanoid robotics is becoming a new front in the US-China AI race.

▫️The US path is centered on frontier autonomy, onboard intelligence and world-model-driven planning. China’s path is built around scale, supply chain integration, cost-down execution and faster deployment.

▫️Through this lens, @CounterPointTR latest insight offers a clearer view of where humanoid robots are actually advancing, how the US and China are taking different routes, where Unitree’s opportunities and bottlenecks sit, and what the next phase of the race may look like.

🤖The deep dive report combines public IPO and production data with a founder-level, close-to-company perspective. It connects the key signals emerging in the same time window

#PhysicalAI #Robots #Humanoids

$NVDA $GF $TSM $TSLA $CGNX $HUMN $KOID

[Counterpoint Research @CounterPointTR]

𝗚𝗹𝗼𝗯𝗮𝗹 𝗰𝗲𝗹𝗹𝘂𝗹𝗮𝗿 𝗜𝗼𝗧 𝗺𝗼𝗱𝘂𝗹𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝘀𝗶𝗻𝗴𝗹𝗲-𝗱𝗶𝗴𝗶𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗤𝟭 𝟮𝟬𝟮𝟲 𝗮𝗳𝘁𝗲𝗿 𝘀𝗲𝘃𝗲𝗻 𝗰𝗼𝗻𝘀𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 𝗼𝗳 𝗱𝗼𝘂𝗯𝗹𝗲-𝗱𝗶𝗴𝗶𝘁 𝗴𝗿𝗼𝘄𝘁𝗵

𝖠𝖼𝖼𝗈𝗋𝖽𝗂𝗇𝗀 𝗍𝗈 𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁'𝗌 𝖦𝗅𝗈𝖻𝖺𝗅 𝖢𝖾𝗅𝗅𝗎𝗅𝖺𝗋 𝖨𝗈𝖳 𝖬𝗈𝖽𝗎𝗅𝖾 𝖺𝗇𝖽 𝖢𝗁𝗂𝗉𝗌𝖾𝗍 𝖳𝗋𝖺𝖼𝗄𝖾𝗋, 𝖰𝟣 𝟤𝟢𝟤𝟨, 𝖢𝗁𝗂𝗇𝖺 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝖽 𝗍𝗈 𝖽𝗈𝗆𝗂𝗇𝖺𝗍𝖾 𝗀𝗅𝗈𝖻𝖺𝗅 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝗂𝗇 𝗍𝖾𝗋𝗆𝗌 𝗈𝖿 𝗏𝗈𝗅𝗎𝗆𝖾. 𝖧𝗈𝗐𝖾𝗏𝖾𝗋, 𝗍𝗁𝖾 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝗆𝖺𝗋𝗄𝖾𝗍 𝗋𝖾𝖼𝗈𝗋𝖽𝖾𝖽 𝖺 𝟤% 𝖸𝗈𝖸 𝖽𝖾𝖼𝗅𝗂𝗇𝖾. 𝖳𝗁𝖾 𝗋𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝗁𝗂𝗀𝗁𝗅𝗂𝗀𝗁𝗍𝗌 𝗍𝗁𝖺𝗍-

• 𝖣𝖾𝖼𝗅𝗂𝗇𝖾 𝗐𝖺𝗌 𝗉𝗋𝗂𝗆𝖺𝗋𝗂𝗅𝗒 𝖽𝗎𝖾 𝗍𝗈 𝖰𝟣 𝗌𝖾𝖺𝗌𝗈𝗇𝖺𝗅𝗂𝗍𝗒 𝗉𝖺𝗍𝗍𝖾𝗋𝗇𝗌, 𝖺𝗌 𝗍𝗁𝖾 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝖭𝖾𝗐 𝖸𝖾𝖺𝗋 𝗁𝗈𝗅𝗂𝖽𝖺𝗒 𝗉𝖾𝗋𝗂𝗈𝖽 𝖺𝗇𝖽 𝗌𝗈𝖿𝗍𝖾𝗇𝖾𝖽 𝖽𝖾𝗆𝖺𝗇𝖽 𝖿𝗋𝗈𝗆 𝖽𝗈𝗆𝖾𝗌𝗍𝗂𝖼 𝖮𝖤𝖬𝗌 𝖿𝗈𝗋 𝖺𝗉𝗉𝗅𝗂𝖼𝖺𝗍𝗂𝗈𝗇𝗌 𝗌𝗎𝖼𝗁 𝖺𝗌 𝖺𝗌𝗌𝖾𝗍 𝗍𝗋𝖺𝖼𝗄𝗂𝗇𝗀, 𝖯𝖮𝖲 𝖺𝗇𝖽 𝗍𝖾𝗅𝖾𝗆𝖺𝗍𝗂𝖼𝗌.

• 𝖨𝗇𝖽𝗂𝖺 𝗆𝖺𝗂𝗇𝗍𝖺𝗂𝗇𝖾𝖽 𝗂𝗍𝗌 𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇 𝖺𝗌 𝗍𝗁𝖾 𝗐𝗈𝗋𝗅𝖽'𝗌 𝖿𝖺𝗌𝗍𝖾𝗌𝗍-𝗀𝗋𝗈𝗐𝗂𝗇𝗀 𝖼𝖾𝗅𝗅𝗎𝗅𝖺𝗋 𝖨𝗈𝖳 𝗆𝗈𝖽𝗎𝗅𝖾 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝗎𝖾 𝗍𝗈 𝗀𝗈𝗏𝖾𝗋𝗇𝗆𝖾𝗇𝗍-𝗆𝖺𝗇𝖽𝖺𝗍𝖾𝖽 𝗌𝗆𝖺𝗋𝗍 𝗆𝖾𝗍𝖾𝗋 𝖽𝖾𝗉𝗅𝗈𝗒𝗆𝖾𝗇𝗍𝗌 𝖺𝗇𝖽 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝗂𝗇𝗀 𝗍𝖾𝗅𝖾𝗆𝖺𝗍𝗂𝖼𝗌 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇 𝗂𝗇 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖿𝗅𝖾𝖾𝗍 𝗆𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍

• 𝟧𝖦 𝖾𝗆𝖾𝗋𝗀𝖾𝖽 𝖺𝗌 𝗍𝗁𝖾 𝖿𝖺𝗌𝗍𝖾𝗌𝗍-𝗀𝗋𝗈𝗐𝗂𝗇𝗀 𝖼𝖾𝗅𝗅𝗎𝗅𝖺𝗋 𝗍𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗒 𝗐𝗂𝗍𝗁 𝟥𝟫% 𝖸𝗈𝖸 𝗀𝗋𝗈𝗐𝗍𝗁, 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋𝗅𝗒 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝖺𝗉𝗉𝗅𝗂𝖼𝖺𝗍𝗂𝗈𝗇𝗌 𝗌𝗎𝖼𝗁 𝖺𝗌 𝗋𝗈𝗎𝗍𝖾𝗋/𝖢𝖯𝖤, 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝖾𝖽 𝖯𝖢𝗌 𝖺𝗇𝖽 𝖺𝗎𝗍𝗈𝗆𝗈𝗍𝗂𝗏𝖾

• 𝖮𝗇𝗀𝗈𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝗌𝗁𝗈𝗋𝗍𝖺𝗀𝖾𝗌 𝖺𝗋𝖾 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾 𝗆𝗈𝖽𝗎𝗅𝖾 𝗉𝗋𝗂𝖼𝖾𝗌, 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋𝗅𝗒 𝖿𝗈𝗋 𝗁𝗂𝗀𝗁-𝗆𝖾𝗆𝗈𝗋𝗒-𝖽𝖾𝗇𝗌𝗂𝗍𝗒 𝗆𝗈𝖽𝗎𝗅𝖾𝗌

𝗧𝗼 𝗿𝗲𝗮𝗱 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵, 𝘃𝗶𝘀𝗶𝘁: https://t.co/6W8fciRld6

#𝖢𝖾𝗅𝗅𝗎𝗅𝖺𝗋𝖨𝗈𝖳 #𝟧𝖦 #𝖲𝗆𝖺𝗋𝗍𝖬𝖾𝗍𝖾𝗋 #𝖠𝗌𝗌𝖾𝗍𝗍𝗋𝖺𝖼𝗄𝗂𝗇𝗀

[Counterpoint Research @CounterPointTR]

𝗠𝗲𝗲𝘁 𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗮𝘁 𝗞-𝗗𝗶𝘀𝗽𝗹𝗮𝘆 𝟮𝟬𝟮𝟲

𝖮𝗎𝗋 𝖵𝖯 𝗈𝖿 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁, 𝖸𝗈𝗌𝗁𝗂𝗈 𝖳𝖺𝗆𝗎𝗋𝖺, 𝗂𝗌 𝗌𝗉𝖾𝖺𝗄𝗂𝗇𝗀 𝖺𝗍 𝖪-𝖣𝗂𝗌𝗉𝗅𝖺𝗒 𝟤𝟢𝟤𝟨 (@coexseoul) 𝗈𝗇 𝖩𝗎𝗅𝗒 𝟤𝟤. 𝖧𝗂𝗌 𝗉𝗋𝖾𝗌𝖾𝗇𝗍𝖺𝗍𝗂𝗈𝗇 𝗐𝗂𝗅𝗅 𝖼𝗈𝗏𝖾𝗋 𝗍𝗁𝖾 𝖿𝗎𝗍𝗎𝗋𝖾 𝗍𝗋𝖺𝗃𝖾𝖼𝗍𝗈𝗋𝗒 𝗈𝖿 𝗍𝗁𝖾 𝖿𝗅𝖺𝗍 𝗉𝖺𝗇𝖾𝗅 𝖽𝗂𝗌𝗉𝗅𝖺𝗒 (𝖥𝖯𝖣) 𝗆𝖺𝗋𝗄𝖾𝗍.

𝗧𝗵𝗲 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝗹𝗹 𝗶𝗻𝗰𝗹𝘂𝗱𝗲 𝘁𝗵𝗲 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼𝗽𝗶𝗰𝘀:

  • 𝗠𝗮𝗰𝗿𝗼 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀: 𝖨𝗆𝗉𝖺𝖼𝗍 𝗈𝖿 𝗍𝗁𝖾 𝖬𝖾𝗆𝗈𝗋𝗒 𝖲𝗁𝗈𝗋𝗍𝖺𝗀𝖾 𝗈𝗇 𝗍𝗁𝖾 𝖥𝖯𝖣 𝖲𝗎𝗉𝗉𝗅𝗒 𝖢𝗁𝖺𝗂𝗇

  • 𝗧𝗵𝗲 𝗜𝗧 & 𝗠𝗼𝗯𝗶𝗹𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲: 𝖮𝖫𝖤𝖣 𝖣𝖾𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇 𝖳𝖾𝖼𝗁 𝖡𝖺𝗍𝗍𝗅𝖾𝗌 𝖿𝗈𝗋 𝖦𝖾𝗇 𝟪.𝟨.

  • 𝗡𝗲𝘅𝘁-𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗢𝗟𝗘𝗗𝘀: 𝖯𝗋𝗂𝗏𝖺𝖼𝗒 𝖬𝗈𝖽𝖾 & 𝖵𝖺𝗅𝗎𝖾-𝖠𝖽𝖽𝖾𝖽 𝖳𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗂𝖾𝗌

  • 𝗧𝗩 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀: 𝖳𝗁𝖾 𝖮𝖫𝖤𝖣 𝗏𝗌. 𝖬𝗂𝗇𝗂𝖫𝖤𝖣 𝖡𝖺𝗍𝗍𝗅𝖾 & 𝖳𝗁𝖾 𝖱𝗂𝗌𝖾 𝗈𝖿 𝖲𝗎𝗉𝖾𝗋-𝖫𝖺𝗋𝗀𝖾 𝖫𝖢𝖣𝗌

  • 𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: 𝖫𝖢𝖣 & 𝖮𝖫𝖤𝖣 𝖲𝗎𝗉𝗉𝗅𝗒-𝖣𝖾𝗆𝖺𝗇𝖽 𝖡𝖺𝗅𝖺𝗇𝖼𝖾

𝗘𝘃𝗲𝗻𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:
  • 𝗗𝗮𝘁𝗲: 𝖩𝗎𝗅𝗒 𝟤𝟤𝗇𝖽, 𝟤𝟢𝟤𝟨
  • 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: 𝖢𝗈𝖾𝗑 𝖧𝖺𝗅𝗅 𝖢, 𝖲𝖾𝗈𝗎𝗅, 𝖲𝗈𝗎𝗍𝗁 𝖪𝗈𝗋𝖾𝖺
  • 𝗧𝗶𝗺𝗲: 𝟣𝟢:𝟥𝟢 𝖠𝖬 𝖪𝖲𝖳

𝗖𝗹𝗶𝗰𝗸 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗬𝗼𝘀𝗵𝗶𝗼 𝗧𝗮𝗺𝘂𝗿𝗮 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗵𝗼𝘄 𝗼𝘂𝗿 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗮𝗻𝗱 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀:
https://t.co/pvTYgo2T2Q

#KDisplay2026 #DisplayTechnology #OLED #FlatPanelDisplay #Semiconductors #SupplyChain #MemoryShortage #CounterpointResearch

[Counterpoint Research @CounterPointTR]

𝗘𝗻𝘁𝗶𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝘀𝗲𝗿𝘃𝗲𝗿𝘀 𝘄𝗲𝗿𝗲 𝗼𝗻𝗰𝗲 𝗶𝗻𝘃𝗶𝘀𝗶𝗯𝗹𝗲 𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗯𝗮𝗰𝗸-𝗲𝗻𝗱 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝘀𝘁𝗮𝗰𝗸. 𝗡𝗼𝘁 𝗮𝗻𝘆𝗺𝗼𝗿𝗲.

𝖨𝗇 𝗍𝗁𝗂𝗌 𝖾𝗉𝗂𝗌𝗈𝖽𝖾 𝗈𝖿 𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖢𝗈𝗇𝗏𝖾𝗋𝗌𝖺𝗍𝗂𝗈𝗇𝗌, 𝖯𝗋𝗂𝗇𝖼𝗂𝗉𝖺𝗅 𝖠𝗇𝖺𝗅𝗒𝗌𝗍 𝖵𝖺𝗋𝗎𝗇 𝖦𝗎𝗉𝗍𝖺 (@guptavarun_v) 𝗌𝗂𝗍𝗌 𝖽𝗈𝗐𝗇 𝗐𝗂𝗍𝗁 𝖤𝖽𝗐𝗂𝗇 𝖧𝖺𝗏𝖾𝗋, 𝖢𝖳𝖮 𝗈𝖿 @redteamobile, 𝗍𝗈 𝗎𝗇𝗉𝖺𝖼𝗄 𝗐𝗁𝗒 𝗈𝗉𝖾𝗋𝖺𝗍𝗈𝗋𝗌 𝗇𝖾𝖾𝖽 𝗍𝗈 𝗋𝖾𝗍𝗁𝗂𝗇𝗄 𝗍𝗁𝗂𝗌 𝗅𝖺𝗒𝖾𝗋 𝖾𝗇𝗍𝗂𝗋𝖾𝗅𝗒.

𝗧𝗵𝗲 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻 𝗰𝗼𝘃𝗲𝗿𝘀:
• 𝖶𝗁𝗒 𝖬𝖭𝖮𝗌 𝖺𝗇𝖽 𝖬𝖵𝖭𝖮𝗌 𝗌𝗁𝗈𝗎𝗅𝖽 𝗋𝖾𝗍𝗁𝗂𝗇𝗄 𝗍𝗁𝖾 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝗋𝗈𝗅𝖾 𝗈𝖿 𝗍𝗁𝖾 𝖤𝗇𝗍𝗂𝗍𝗅𝖾𝗆𝖾𝗇𝗍 𝖲𝖾𝗋𝗏𝖾𝗋

• 𝖶𝗁𝗂𝖼𝗁 𝗎𝗌𝖾 𝖼𝖺𝗌𝖾𝗌 𝖼𝖺𝗇 𝖽𝖾𝗅𝗂𝗏𝖾𝗋 𝗍𝗁𝖾 𝖿𝖺𝗌𝗍𝖾𝗌𝗍 𝖱𝖮𝖨

• 𝖳𝗁𝖾 𝗆𝗈𝗌𝗍 𝖼𝗈𝗆𝗆𝗈𝗇 𝖽𝖾𝗉𝗅𝗈𝗒𝗆𝖾𝗇𝗍 𝗆𝗂𝗌𝖼𝗈𝗇𝖼𝖾𝗉𝗍𝗂𝗈𝗇𝗌

• 𝖶𝗁𝖺𝗍 𝗈𝗉𝖾𝗋𝖺𝗍𝗈𝗋𝗌 𝗌𝗁𝗈𝗎𝗅𝖽 𝗉𝗋𝗂𝗈𝗋𝗂𝗍𝗂𝗓𝖾 𝗐𝗁𝖾𝗇 𝗌𝖾𝗅𝖾𝖼𝗍𝗂𝗇𝗀 𝖺𝗇 𝖤𝖲 𝗉𝖺𝗋𝗍𝗇𝖾𝗋, 𝖺𝗇𝖽 𝗆𝗈𝗋𝖾

𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝘁 𝘁𝗮𝗸𝗲 𝗮𝗻𝗱 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗵𝗲𝗿𝗲:
https://t.co/OeROR6Fpng

𝗪𝗮𝘁𝗰𝗵 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝘃𝗶𝗱𝗲𝗼 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗼𝗻 𝗬𝗼𝘂𝗧𝘂𝗯𝗲 𝗵𝗲𝗿𝗲:
https://t.co/nyCSdZf3Uo

𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗚𝗹𝗼𝗯𝗮𝗹 𝗲𝗦𝗜𝗠 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝗶𝗻𝗴 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝟮𝟬𝟮𝟲 𝗖𝗢𝗥𝗘 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗵𝗲𝗿𝗲:
https://t.co/slXeGbI055

#CounterpointResearch #RedteaMobile #EntitlementServer #eSIM #MNO #MVNO #5G

[Counterpoint Research @CounterPointTR]

The HBM race is entering its most competitive phase, @SKhynix the leader in HBM with 56% share announces its 12 layer HBM 4E. But this is 3 weeks later than Samsung. Can SK Hynix maintain its lead this year? How significant is a 3 week lead?

https://t.co/dQtvp6GdSu

$NVDA $TSM $AVGO $MSFT $MRVL $GOOG

[Neil Shah @neiltwitz]

The HBM market leader @SKhynix with revenue share of more than half of the market has started shipping samples for its latest 12-layer HBM 4E.

The competition is going to be super intense as Samsung and Micron has begun ramping up.

- 16 Gbps per pin (+20% vs prev gen)

- 48GB capacity in 12-Hi stack

- Advanced MR-MUF lowering beta resistance

Remains to be seen the performance of 12-Hi as there were general industry concerns around power efficiency and hence the growing preference for 8-Hi

$NVDA $TSM $AVGO $MSFT $MRVL $GOOG

[Counterpoint Research @CounterPointTR]

𝗔𝗪𝗘 𝟮𝟬𝟮𝟲 𝗞𝗲𝘆 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀: 𝗦𝗻𝗮𝗽𝗱𝗿𝗮𝗴𝗼𝗻 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 𝗘𝗹𝗶𝘁𝗲, 𝗫𝗥𝗘𝗔𝗟 𝗔𝘂𝗿𝗮, 𝗦𝗻𝗮𝗽 𝗦𝗣𝗘𝗖𝗦, 𝗔𝗻𝗱𝗿𝗼𝗶𝗱 𝗫𝗥 𝗮𝗻𝗱 𝗠𝗼𝗿𝗲

𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍 𝖺𝗇𝖺𝗅𝗒𝗌𝗍𝗌 𝗐𝖾𝗋𝖾 𝗈𝗇 𝗍𝗁𝖾 𝗀𝗋𝗈𝗎𝗇𝖽 𝖺𝗍 𝗍𝗁𝖾 𝖠𝗎𝗀𝗆𝖾𝗇𝗍𝖾𝖽 𝖶𝗈𝗋𝗅𝖽 𝖤𝗑𝗉𝗈 (𝖠𝖶𝖤) 𝟤𝟢𝟤𝟨 𝖾𝗏𝖾𝗇𝗍, 𝗐𝗁𝗂𝖼𝗁 𝗍𝗁𝖾 𝗈𝗋𝗀𝖺𝗇𝗂𝗌𝖾𝗋𝗌 𝗇𝗈𝗐 𝖽𝖾𝗌𝖼𝗋𝗂𝖻𝖾 𝖺𝗌 "𝗍𝗁𝖾 𝗐𝗈𝗋𝗅𝖽'𝗌 𝗅𝖺𝗋𝗀𝖾𝗌𝗍 𝗌𝗉𝖺𝗍𝗂𝖺𝗅 𝖼𝗈𝗆𝗉𝗎𝗍𝗂𝗇𝗀 𝖾𝗏𝖾𝗇𝗍." 𝖳𝗁𝖾 𝖾𝗏𝖾𝗇𝗍 𝗆𝖺𝖽𝖾 𝗈𝗇𝖾 𝗍𝗁𝗂𝗇𝗀 𝖼𝗅𝖾𝖺𝗋: 𝗌𝗆𝖺𝗋𝗍 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝖺𝗋𝖾𝗇'𝗍 𝗀𝗈𝗂𝗇𝗀 𝖺𝗇𝗒𝗐𝗁𝖾𝗋𝖾, 𝖺𝗇𝗒𝗍𝗂𝗆𝖾 𝗌𝗈𝗈𝗇.

𝗞𝗲𝘆 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗲𝘃𝗲𝗻𝘁:

• @Qualcomm’𝗌 𝗇𝖾𝗐 𝖲𝗇𝖺𝗉𝖽𝗋𝖺𝗀𝗈𝗇 𝖱𝖾𝖺𝗅𝗂𝗍𝗒 𝖤𝗅𝗂𝗍𝖾 𝖲𝗈𝖢, 𝖭𝖾𝗐 𝖲𝖳𝖠𝖱𝖳 𝖯𝗋𝗈𝗀𝗋𝖺𝗆.

• @Google 𝗌𝗁𝗈𝗐𝖼𝖺𝗌𝖾𝖽 𝖠𝗇𝖽𝗋𝗈𝗂𝖽 𝖷𝖱'𝗌 𝗀𝗋𝗈𝗐𝗂𝗇𝗀 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆.

• @Snap Inc. 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝗌 𝖲𝗇𝖺𝗉 𝖲𝖯𝖤𝖢𝖲 𝖠𝖱 𝖦𝗅𝖺𝗌𝗌𝖾𝗌.

• @XREAL_Global 𝖠𝗎𝗋𝖺 𝗉𝗈𝗋𝗍𝖺𝖻𝗅𝖾 𝗌𝗉𝖺𝗍𝗂𝖺𝗅 𝖼𝗈𝗆𝗉𝗎𝗍𝗂𝗇𝗀 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝖽.

𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲:
https://t.co/tag25jXoLA

𝗔𝗹𝘀𝗼 𝗥𝗲𝗮𝗱: 𝗪𝗶𝗹𝗹 𝗚𝗼𝗼𝗴𝗹𝗲’𝘀 𝗔𝗜 𝗚𝗹𝗮𝘀𝘀𝗲𝘀 𝗣𝗿𝗼𝘃𝗲 𝗠𝗲𝘁𝗮-𝗺𝗼𝗿𝗽𝗵𝗶𝗰 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁?
https://t.co/yiAZa3wjNB

𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗫𝗥 (𝗔𝗥 & 𝗩𝗥 𝗛𝗲𝗮𝗱𝘀𝗲𝘁𝘀) 𝗠𝗮𝗿𝗸𝗲𝘁 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗵𝗲𝗿𝗲:
https://t.co/hFXWBcmSXF

#AndroidXR #Google #Qualcomm #SnapdragonRealityElite #Snap #XREAL #AWE2026

[Counterpoint Research @CounterPointTR]

𝗟𝗮𝘁𝗲𝘀𝘁 𝗥𝗲𝗽𝗼𝗿𝘁: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗟𝗲𝗮𝗱𝗲𝗿𝘀 𝗶𝗻 𝗥𝗼𝗯𝗼𝘁𝗮𝘅𝗶𝘀 𝟮𝟬𝟮𝟲 - 𝗧𝗵𝗲 𝗗𝗲𝗳𝗶𝗻𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗦𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗔𝘂𝘁𝗼𝗻𝗼𝗺𝗼𝘂𝘀 𝗠𝗼𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗡𝗲𝘅𝘁 𝗗𝗲𝗰𝗮𝗱𝗲

𝖱𝗈𝖻𝗈𝗍𝖺𝗑𝗂𝗌 𝖺𝗋𝖾 𝗌𝖾𝗍 𝗍𝗈 𝗋𝖾𝗌𝗁𝖺𝗉𝖾 𝗍𝗁𝖾 𝗎𝗋𝖻𝖺𝗇 𝗆𝗈𝖻𝗂𝗅𝗂𝗍𝗒 𝗆𝖺𝗋𝗄𝖾𝗍, 𝗀𝗋𝗈𝗐𝗂𝗇𝗀 𝖿𝗋𝗈𝗆 𝗉𝗂𝗅𝗈𝗍 𝗉𝗋𝗈𝗀𝗋𝖺𝗆𝗌 𝗍𝗈 𝗅𝖺𝗋𝗀𝖾-𝗌𝖼𝖺𝗅𝖾 𝖼𝗈𝗆𝗆𝖾𝗋𝖼𝗂𝖺𝗅 𝖿𝗅𝖾𝖾𝗍𝗌 𝗐𝗂𝗍𝗁 𝖺 𝗆𝖺𝗋𝗄𝖾𝗍 𝗏𝖺𝗅𝗎𝖾 𝖿𝗈𝗋 𝗌𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝗉𝗋𝗈𝗃𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗋𝖾𝖺𝖼𝗁 $𝟣𝟨𝟪 𝖻𝗂𝗅𝗅𝗂𝗈𝗇, 𝖺𝗇𝖽 𝗋𝗈𝖻𝗈𝗍𝖺𝗑𝗂 𝖿𝗅𝖾𝖾𝗍𝗌 𝖺𝗋𝖾 𝗉𝗋𝗈𝗃𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗀𝗋𝗈𝗐 𝗍𝗈 𝟥.𝟨 𝗆𝗂𝗅𝗅𝗂𝗈𝗇 𝖻𝗒 𝟤𝟢𝟥𝟧. 𝖴𝖲-𝖻𝖺𝗌𝖾𝖽 @Waymo 𝖺𝗇𝖽 @Tesla, 𝖺𝗇𝖽 𝖢𝗁𝗂𝗇𝖺’𝗌 @Baidu_Inc's 𝖠𝗉𝗈𝗅𝗅𝗈 𝖦𝗈, @WeRide_ai 𝖺𝗇𝖽 @PonyAI_tech 𝖺𝗋𝖾 𝗉𝗈𝗂𝗌𝖾𝖽 𝗍𝗈 𝖻𝖾 𝖿𝗋𝗈𝗇𝗍𝗋𝗎𝗇𝗇𝖾𝗋𝗌. 𝖢𝗎𝗋𝗋𝖾𝗇𝗍 𝗋𝗂𝖽𝖾𝗌𝗁𝖺𝗋𝖾 𝖺𝗇𝖽 𝗋𝗂𝖽𝖾 𝗁𝖺𝗂𝗅𝗂𝗇𝗀 𝖿𝗂𝗋𝗆𝗌 𝗅𝗂𝗄𝖾 @Uber, @lyft, 𝖡𝗈𝗅𝗍 𝖺𝗇𝖽 𝖦𝗋𝖺𝖻 𝖺𝗋𝖾 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝗂𝗇𝗀 𝗍𝗁𝖾 𝖿𝗈𝗋𝗀𝗂𝗇𝗀 𝗈𝖿 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉𝗌 𝖺𝖼𝗋𝗈𝗌𝗌 𝗍𝗁𝖾 𝗋𝗈𝖻𝗈𝗍𝖺𝗑𝗂 𝗉𝗅𝖺𝗒𝖾𝗋 𝗌𝗉𝖾𝖼𝗍𝗋𝗎𝗆

𝗢𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁 𝗼𝗳𝗳𝗲𝗿𝘀 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴:
  • 𝖦𝗅𝗈𝖻𝖺𝗅 𝗋𝗈𝖻𝗈𝗍𝖺𝗑𝗂 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝗋𝗂𝗏𝖾𝗋𝗌 𝖺𝗇𝖽 𝖼𝗁𝖺𝗅𝗅𝖾𝗇𝗀𝖾𝗌

  • 𝖱𝖾𝗀𝗎𝗅𝖺𝗍𝗈𝗋𝗒 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝗆𝖾𝗇𝗍𝗌 𝖺𝖼𝗋𝗈𝗌𝗌 𝗆𝖺𝗃𝗈𝗋 𝗋𝖾𝗀𝗂𝗈𝗇𝗌

  • 𝖯𝗋𝗈𝖿𝗂𝗅𝖾𝗌 𝗈𝖿 𝗋𝗈𝖻𝗈𝗍𝖺𝗑𝗂 𝗉𝗅𝖺𝗒𝖾𝗋𝗌 𝖼𝗈𝗏𝖾𝗋𝗂𝗇𝗀 – 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗒, 𝖿𝗎𝗇𝖽𝗂𝗇𝗀 & 𝗂𝗇𝗏𝖾𝗌𝗍𝗈𝗋𝗌, 𝗆𝗂𝗅𝖾𝗌𝗍𝗈𝗇𝖾𝗌 𝖺𝗇𝖽 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆

  • 𝖳𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗒 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗒 𝗈𝖿 𝖾𝖺𝖼𝗁 𝗋𝗈𝖻𝗈𝗍𝖺𝗑𝗂 𝗉𝗅𝖺𝗒𝖾𝗋 𝖼𝗈𝗏𝖾𝗋𝗂𝗇𝗀 𝗏𝖾𝗁𝗂𝖼𝗅𝖾 𝗉𝗅𝖺𝗍𝖿𝗈𝗋𝗆𝗌, 𝖼𝗈𝗆𝗉𝗎𝗍𝖾, 𝗌𝖾𝗇𝗌𝗈𝗋𝗌, 𝗌𝗈𝖿𝗍𝗐𝖺𝗋𝖾, 𝗌𝗂𝗆𝗎𝗅𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝖼𝗅𝗈𝗎𝖽 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾

  • 𝖦𝗅𝗈𝖻𝖺𝗅 𝖿𝗅𝖾𝖾𝗍 𝖽𝖾𝗉𝗅𝗈𝗒𝗆𝖾𝗇𝗍𝗌, 𝖿𝗅𝖾𝖾𝗍 𝖺𝗇𝖽 𝗌𝖾𝗋𝗏𝗂𝖼𝖾 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝖿𝗈𝗋𝖾𝖼𝖺𝗌𝗍 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝟤𝟢𝟥𝟧

  • 𝖢𝗈𝗆𝗉𝖺𝗋𝖺𝗍𝗂𝗏𝖾 𝖺𝗇𝖺𝗅𝗒𝗌𝗂𝗌 𝗈𝖿 𝗅𝖾𝖺𝖽𝗂𝗇𝗀 𝗋𝗈𝖻𝗈𝗍𝖺𝗑𝗂 𝖼𝗈𝗆𝗉𝖺𝗇𝗂𝖾𝗌, 𝖺𝗇𝖽 𝗆𝗈𝗋𝖾

𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲:
https://t.co/THSTVOTR97

𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗳 𝘁𝗵𝗲 “𝗚𝗹𝗼𝗯𝗮𝗹 𝗟𝗲𝗮𝗱𝗲𝗿𝘀 𝗶𝗻 𝗥𝗼𝗯𝗼𝘁𝗮𝘅𝗶𝘀 – 𝟮𝟬𝟮𝟲” 𝗿𝗲𝗽𝗼𝗿𝘁 𝗵𝗲𝗿𝗲:
https://t.co/zhUXKzAEHE

#Robotaxi #AutonomousVehicles #UrbanMobility #SelfDriving @zoox @May_Mobility $TSLA $AMZN $GOOG

[Counterpoint Research @CounterPointTR]

The AI debate is shifting from "Will AI affect jobs?" to "How many?" Every technology wave created new jobs. With AI, the goal is to drive down cost 10x and increase productivity 10x. Some jobs will disappear. Tom thinks that will be 10-20%. #AI #FutureofWork

[Tom Kang @mobilekang]

Will AI steal human jobs? If so how many? It looks like Sam Altman and Dario are back pedaling their previous take on AI vs jobs. Our take is that it will be 10-20% of jobs disappearing to robots and AI. https://t.co/Q5PVnc4NMa

[Counterpoint Research @CounterPointTR]

𝐔𝐒 𝐒𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐄𝐱𝐜𝐞𝐞𝐝𝐬 𝟐𝟎𝟐𝟓 𝐓𝐚𝐫𝐢𝐟𝐟 𝐒𝐮𝐩𝐩𝐥𝐲 𝐁𝐮𝐢𝐥𝐝 𝐢𝐧 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟔

The memory crunch is pushing smartphone OEMs in the US to build inventory faster in H1 2026 than in H1 2025, when fears of looming tariffs shifted demand.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:
• @Apple is positioning itself to weather memory price increases with weeks of inventory climbing higher than even the tariff-driven inventory buildup in 2025.

• @Samsung inventory has climbed YoY as it pushes Galaxy A16 and Galaxy A17 volumes, despite weakness in the prepaid channel in the US.

• @Moto built inventory in Q4 2025 and Q1 2026 but was unable to stave off price hikes at the beginning of Q2 2026.

𝐌𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐩𝐨𝐬𝐭 𝐡𝐞𝐫𝐞:
https://t.co/evL2Sg6Ak4

𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐮𝐫 𝐔𝐒 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐒𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞 𝐁𝐫𝐚𝐧𝐝-𝐋𝐞𝐯𝐞𝐥 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐓𝐫𝐚𝐜𝐤𝐞𝐫 𝐡𝐞𝐫𝐞:
https://t.co/RgCcsWuiVD

#Smartphones #SupplyChain #MemoryCrunch #Apple #Samsung #Motorola #CounterpointResearch $AAPL $GOOG #GalaxyA17

[Counterpoint Research @CounterPointTR]

. @Apple trialling its M7 on @intel's 18A-P will be a turnaround moment for Intel's foundry ambitions. But yield matters more than nodes. Matching TSMC's manufacturing consistency will be the make-or-break factor.
$AAPL $INTC $TSM

[Neil Shah @neiltwitz]

@Intel_Foundry new 18A-P brings in necessary enhancement to performance and power efficiency and likely to attract Apple which is potentially trialling to get in Apple Silicon M7 likely as reported by @CNBC @KatieTarasov

This could be a good start for $INTC and Apple instead of moving the high volume and critical iPhone A19 series which requires “Day 1” critical $TSM level “hero yields”.

As we discussed, TSMC is the benchmark here and matching those yield rates is going to make or break the deal.

Further, this could be one of the first Arm based major SoCs Intel will attempt to fab, so all eyes on.

I believe Intel will get there putting the “yield ghosts” in the rear view mirror if it can keep those up with healthy UTRs.

Interesting times.

[Counterpoint Research @CounterPointTR]

𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗮𝗹𝗲𝘀 𝗗𝗲𝗰𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝟵𝘁𝗵 𝗦𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗪𝗲𝗲𝗸 𝗶𝗻 𝗪𝟮𝟬 𝗼𝗳 𝟮𝟬𝟮𝟲

𝖦𝗅𝗈𝖻𝖺𝗅 𝖲𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗌𝖺𝗅𝖾𝗌 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝖽 𝖻𝗒 𝟪% 𝖸𝗈𝖸 𝗂𝗇 𝗍𝗁𝖾 𝟤𝟢𝗍𝗁 𝗐𝖾𝖾𝗄 𝗈𝖿 𝟤𝟢𝟤𝟨, 𝗆𝖺𝗋𝗄𝗂𝗇𝗀 𝗍𝗁𝖾 𝗇𝗂𝗇𝗍𝗁 𝖼𝗈𝗇𝗌𝖾𝖼𝗎𝗍𝗂𝗏𝖾 𝗐𝖾𝖾𝗄 𝗈𝖿 𝗇𝖾𝗀𝖺𝗍𝗂𝗏𝖾 𝗀𝗋𝗈𝗐𝗍𝗁 𝖺𝗆𝗂𝖽 𝗉𝖾𝗋𝗌𝗂𝗌𝗍𝖾𝗇𝗍𝗅𝗒 𝗌𝗅𝗎𝗀𝗀𝗂𝗌𝗁 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋 𝖽𝖾𝗆𝖺𝗇𝖽. 𝖶𝗁𝗂𝗅𝖾 @Apple 𝖺𝗇𝖽 @Huawei 𝗈𝗎𝗍𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖾𝖽 𝗍𝗁𝖾 𝗆𝖺𝗋𝗄𝖾𝗍 𝖺𝗏𝖾𝗋𝖺𝗀𝖾, @Samsung 𝗆𝖺𝗂𝗇𝗍𝖺𝗂𝗇𝖾𝖽 𝖺 𝗌𝗍𝖺𝖻𝗅𝖾 𝗍𝗋𝖾𝗇𝖽.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:
  • 𝖠𝗉𝗉𝗅𝖾 𝗌𝖺𝗅𝖾𝗌 𝗋𝗈𝗌𝖾 𝟣𝟢% 𝖸𝗈𝖸, 𝖺𝗇𝖽 𝖧𝗎𝖺𝗐𝖾𝗂 𝗃𝗎𝗆𝗉𝖾𝖽 𝟤𝟥% 𝖸𝗈𝖸, 𝖽𝖾𝗌𝗉𝗂𝗍𝖾 𝗐𝖾𝖺𝗄𝗇𝖾𝗌𝗌 𝗂𝗇 𝗈𝗏𝖾𝗋𝗌𝖾𝖺𝗌 𝗆𝖺𝗋𝗄𝖾𝗍𝗌

  • 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝖮𝖤𝖬𝗌, @Xiaomi, @oppo 𝖺𝗇𝖽 @Vivo_GLOBAL 𝗌𝗍𝗋𝗎𝗀𝗀𝗅𝖾𝖽 𝖽𝗎𝖾 𝗍𝗈 𝗆𝖾𝗆𝗈𝗋𝗒 𝗌𝗁𝗈𝗋𝗍𝖺𝗀𝖾𝗌 𝖺𝗇𝖽 𝗋𝗂𝗌𝗂𝗇𝗀 𝖼𝗈𝗌𝗍𝗌.

  • 𝖶𝗂𝗍𝗁 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇 𝗌𝗍𝖺𝖻𝗂𝗅𝗂𝗍𝗒 𝖾𝗆𝖾𝗋𝗀𝗂𝗇𝗀 𝖺𝗌 𝖺 𝗄𝖾𝗒 𝖽𝗂𝖿𝖿𝖾𝗋𝖾𝗇𝗍𝗂𝖺𝗍𝗈𝗋 𝗍𝗁𝗂𝗌 𝗒𝖾𝖺𝗋, 𝖻𝗋𝖺𝗇𝖽𝗌 𝗐𝗂𝗍𝗁 𝗁𝗂𝗀𝗁𝖾𝗋 𝗌𝗎𝗉𝗉𝗅𝗒 𝗌𝗍𝖺𝖻𝗂𝗅𝗂𝗍𝗒 𝖿𝗈𝗋 𝖼𝗈𝗋𝖾 𝖼𝗈𝗆𝗉𝗈𝗇𝖾𝗇𝗍𝗌 – 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋𝗅𝗒 𝖠𝖨 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗇𝗀 𝗐𝗂𝗍𝗁 𝖽𝖺𝗍𝖺 𝖼𝖾𝗇𝗍𝖾𝗋 𝖽𝖾𝗆𝖺𝗇𝖽 – 𝗐𝗂𝖽𝖾𝗇𝖾𝖽 𝗍𝗁𝖾 𝗀𝖺𝗉 𝗐𝗂𝗍𝗁 𝗍𝗁𝖾𝗂𝗋 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗈𝗋𝗌.

𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲:
https://t.co/MyhReuA1If

𝗚𝗲𝘁 𝗶𝗻 𝘁𝗼𝘂𝗰𝗵 𝘁𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 “𝗪𝗲𝗲𝗸𝗹𝘆 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗮𝗹𝗲𝘀 𝗧𝗿𝗮𝗰𝗸𝗲𝗿” 𝗵𝗲𝗿𝗲:
https://t.co/WcoGkY8dUK

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