NVIDIA, AMD, and Broadcom offer three different paths into AI infrastructure. Compare their growth, margins, free cash flow, ROIC, valuation assumptions, and risks.
SK hynix became much easier for U.S. investors to access when its American Depositary Shares began trading on Nasdaq in July 2026. The Korean company is a major producer of DRAM, NAND flash, enterprise SSDs, and high-bandwidth memory. It does not design AI accelerators like NVIDIA or AMD. Instead, it manufactures the memory that feeds … Read more
Arm Holdings is one of the most important companies in computing, but it is also easy to misunderstand. Arm usually does not manufacture chips. It usually does not sell finished processors in the way NVIDIA or AMD does. Instead, it designs the instruction-set architecture, processor cores, and reusable system technology that other companies put inside … Read more
AMD’s latest results show a company changing scale: quarterly revenue reached $11.5 billion and Data Center revenue more than doubled year over year. The harder question is whether that growth will become durable free cash flow per diluted share—and whether the return on the capital and research required to produce it can justify the expectations … Read more