Profit margins: Tech is doing the heavy lifting
Source: Topdown charts
AI prices have plunged as much in 3 years as PC prices did in 15
Source: Barchart
Broadcom’s transformation is wild.
$AVGO quarterly revenue: 2019 → ~$6B Today → ~$30B VMware added a new engine. AI sent semiconductors soaring. Source: App Economy Insights
Memory prices have surged as AI datacenters demand a growing share of the world's DRAM supply.
Source: Hedgeye
Big tech giants booked a more than $160bn windfall last quarter from investments in other AI companies
Flattering their earnings and raising concerns that paper gains are overstating the strength of the AI boom. Source: FT
WE ARE EXPECTING AI PRODUCTIVITY GAINS FROM TECHNOLOGY MOST BUSINESSES AREN’T USING YET.
This chart can be read in two ways: AI companies have not yet built products that most businesses genuinely need. We are still at the very beginning of a massive new product category. Both are probably true. Today’s most commercially mature AI tools are coding agents. They can deliver real productivity gains—but mainly for developers and other technology-focused roles. The equivalent tools for finance, law, consulting, operations and administration are only starting to emerge. Cowork and Codex offer a glimpse of what is coming, but remain heavily oriented toward coding. So perhaps AI’s limited impact on productivity is not evidence that the technology has failed. It may simply reflect a more basic reality: We are trying to measure the economic impact of tools that most companies have not adopted yet. Source: Ramp, Ara Kharazian
Nomura has a chip shortage index
Source: Nomura
Tech has had quite the month so far... and we're not even halfway done
Source: Trend Spider
