July 23rd, 2025 Reuters

Following Texas Instruments’ soft Q3 outlook, our analyst KinNgai Chan highlights a shift in tone, order strength in Q2 may have been tariff-driven, not demand-led. The message: geopolitics is reshaping chip demand in real time.

“Management voiced caution as they saw some normalization of orders through the second quarter.”

June 12th, 2025 Reuters

Chan’s comment came after AMD unveiled its next-gen MI325X accelerator and outlined its roadmap through 2026, signaling a commitment to keeping pace with Nvidia’s rapid development cycle but lacking the kind of breakthrough that might shift market dynamics in the near term.

"The chips announced on Thursday were not likely to immediately change AMD's competitive position.”

June 5th, 2025 Reuters

Chan’s comment came after Broadcom reported results that were largely in line with elevated investor expectations, driven by AI-fueled enthusiasm. Despite the solid revenue forecast, the lack of a major beat or upside surprise prompted a muted reaction, as the stock had already rallied sharply ahead of earnings.

"Clearly, expectations were high coming into the print with the stock rising almost 30% in the past month”

June 5th, 2025 Reuters

With China-related headwinds pressuring semiconductor equipment makers, Chan weighed in on what this means for Applied Materials and how upcoming demand for advanced nodes could reshape the narrative.

"Clearly, the U.S. government's export restriction of certain semiconductor equipment to China is impacting the company's results and outlook," said Kinngai Chan, senior research analyst at Summit Insights Group.

April 30th, 2025 Reuters

Amid concerns over trade tensions, weakening smartphone demand, and Apple’s shift to in-house modem production, Chan weighed in on how these factors could shape Qualcomm’s near-term outlook.

"Tariff uncertainties will definitely have an impact to its topline outlook as Qualcomm is exposed to the smartphone, consumer IoT and the automotive end-markets," Summit Insights Group analyst Kinngai Chan said.

April 23rd, 2025 Reuters

Following Texas Instruments' stronger-than-expected outlook for the June quarter, Chan attributed the upside to signs of a cyclical demand rebound and potential customer behavior in response to tariff uncertainty.

"Cyclical demand recovery and possibly some tariff pull-ins" are driving the upbeat forecast, said Kinngai Chan, senior analyst at Summit Insights Group.

April 23rd, 2025 Reuters

Despite ongoing trade headwinds and export restrictions, Lam Research delivered stronger-than-expected quarterly results. Chan noted that the outperformance was driven by resilient demand from Asia, particularly Taiwan and China.

Kinngai Chan, senior analyst at Summit Insights Group, said the third-quarter "outperformance was due to stronger shipments to Taiwan, while shipments into China remain robust."

March 7th, 2025 Reuters

Following a steep post-earnings selloff and mounting pressure from tariff concerns and intensified competition, Chan weighed in on how major U.S. server makers will be affected.

"HPE will be most impacted at the moment followed by Dell and lastly, Super Micro Computer in terms of import tariff impact," Kinngai Chan, analyst at Summit Insights Group, said.

March 6th, 2025 Reuters

As Broadcom explores Intel’s next-gen 18A manufacturing process, its broader positioning in the AI market has drawn attention. Chan pointed out that Broadcom’s diversified exposure to multiple AI ASIC customers gives it a strategic edge over peers.

"Broadcom is much better positioned compared to its peers as its exposure in AI market is relatively more diversified with multiple AI ASIC customers," Summit Insights analyst Kinngai Chan said.

March 6th, 2025 Reuters

With Marvell facing margin pressure from a pivot to lower-margin custom AI chips and softer demand in its core networking business, Chan emphasized that profitability remains key: investors are ultimately focused on bottom-line growth, not just expanding revenues.

"Investors pay for earnings per share growth, not just top-line growth," Summit Insights' analyst Kinngai Chan said.

October 30th, 2024 Reuters

Following AMD’s latest earnings report, the company acknowledged ongoing supply constraints for its AI chips, with CEO Lisa Su warning that shortages could extend into next year. Despite strong demand from tech giants like Microsoft and Meta, investors were disappointed by AMD’s fourth-quarter outlook.

"AMD's stock was priced for a beat and raise," Summit Insights analyst Kinngai Chan said. "Clearly, AMD's (fourth-quarter) outlook was not good enough for investors.”