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PaidNVDA2 min read

Selling the whole rack changes what a chip company is worth

Kenji AoyamaDemoThe chip cycle

A chip company that sells complete systems, with networking and software attached, is capturing more of each dollar of data centre spending than a chip company can.

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How I value the systems business separately from the chips inside it.

Kenji Aoyama covers the chip cycle. Every call is captured from live market data — never self-reported.

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The author holds no position in the instruments discussed. Opinion. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.