Research Archive
Every Intermarket Universe research issue, organized by topic. Filter by sector or search by keyword.
Lam Research — LRCX
Lam Research is more than an AI beneficiary — a deep-dive into etch, deposition, and clean process equipment dominance, AI-driven wafer complexity, and how LRCX compounds as node shrinks accelerate.
Vol. 1 · Issue 1
Platinum at ~$2,000/oz with three consecutive years of supply-demand deficits. Strategic allocation framework and CHF/gold correlation analysis for 2026.
WFE Deep Dive
The $108B–$211B WFE market — deposition, etching, ALD/ALE, and how AI's structural demand shift is reshaping semiconductor equipment capex through 2034.
Micron Technology
Deep-dive into Micron's AI memory strategy — HBM sold out, DRAM +110% QoQ, competitive landscape, and the memory buildout driving next-gen compute.
HBM supply tightness reshaping competitive dynamics between SK Hynix, Micron, and Samsung amid accelerating GPU deployments.
How Broadcom's networking silicon, custom ASICs, and VMware software stack position it at the center of AI infrastructure — feature analysis.
Scenario analysis for Strait blockade probabilities and cascading effects on energy, freight, and semiconductor supply chains.
NAND bit shipment analysis, wafer capacity utilization, and enterprise SSD pricing dynamics heading into H2 2026.
23-page deep-dive: DRAM hitting +95% QoQ price surges, HBM emerging as the AI bottleneck, hyperscaler CAPEX at $630B, and the full semiconductor supply chain through 2030.
Comprehensive deep-dive on STX's Mozaic HAMR platform, two-year profitability turnaround, five economic moats, and the zettabyte imperative driving AI storage demand.
CHF gained 13% against USD in 2025 — the best G10 currency. Analysis of SNB policy, the debt brake, 211 years of neutrality, and portfolio allocation framework.
From the Nixon Shock to Operation Epic Fury — tracing the dollar's 50-year evolution as a portfolio hedge and the case for diversifying into hard assets and selective currency exposure.
Educational reference on the full oil & gas value chain: upstream/midstream/downstream structure, OPEC dynamics, fracking economics, rig utilization, and the energy transition outlook.
Visual research presentation on WDC's NAND flash storage strategy, AI-era demand positioning, and the multi-year architecture thesis across 12 slides.
Year-by-year AMAT revenue model incorporating etch/dep equipment cycle timing, China exposure, and intrinsic value range.
How AI GPU power density is driving a transition to direct liquid cooling — and which infrastructure players stand to benefit.
Wafer fabrication equipment spending outlook — etch, deposition, and inspection — with China exposure quantification.
A systematic framework for evaluating switching costs, network effects, and cost advantages in semiconductor supply chains.
Analyzing the DDR4-to-DDR5 migration, server memory attach rates, and implications for Micron and SK Hynix ASPs.
