Kenji Aoyama

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Foundry capacity, memory pricing, and equipment demand. Timing the semi cycle without the hype.

Handle

@chipcycle

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Publishing Since

May 2026

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PaidNVDAJul 25

Subscribers get the full breakdown, the levels, and the position sizing.

LongHigh Conviction7 Min ReadSubscribe to Read →

FreeMUJul 15

Contract pricing bottomed two quarters ago. Equities are still pricing the trough.

LongMedium Conviction6 Min ReadRead Full Note →

FreeASMLMay 17

HBM demand is pulling the whole supply chain forward, and ASML sits in the path.

ShortHigh Conviction6 Min ReadRead Full Note →

PaidNVDAMay 13

Subscribers get the full thesis, the levels, and my positioning on NVDA. Subscribe to read on.

ShortMedium Conviction7 Min ReadSubscribe to Read →

FreeASMLMay 1

Lead times and utilisation say we're earlier in the cycle than sentiment implies.

LongMedium Conviction9 Min ReadRead Full Note →

PaidAMDApr 23

Subscribers get the full thesis, the levels, and my positioning on AMD. Subscribe to read on.

Neutral / hedgedHigh Conviction8 Min ReadSubscribe to Read →