The current AI boom is being driven primarily by a handful of large AI research labs and hyperscalers with the technical depth and capital to build and scale frontier models.
Have been looking at Mediatek with a similar thesis in mind. The lesson I take from their history of riding successive waves of technology (disk drives > feature phones > 4G > 5G) is to trust them when they say they’ve found a big new market. Think Rick & MK Tsai are very credible and clearly telling shareholders to expect the business to be materially different in 5yrs time.
Not narrative really, they have Google ASICs order which is new market they have opened. Headwind is mobile revenue loss due to DRAM which is preventing it to go higher.
Have been looking at Mediatek with a similar thesis in mind. The lesson I take from their history of riding successive waves of technology (disk drives > feature phones > 4G > 5G) is to trust them when they say they’ve found a big new market. Think Rick & MK Tsai are very credible and clearly telling shareholders to expect the business to be materially different in 5yrs time.
Edge AI is the next frontier, narrative at least could drive this stock for the time being.
Not narrative really, they have Google ASICs order which is new market they have opened. Headwind is mobile revenue loss due to DRAM which is preventing it to go higher.