Memory-cost pressure, weak volumes and weak services should make Apple's quarter bad, giving the short a chance to work on this quarter alone. Other hardware companies this quarter also point to weakness, though Apple has been a terrible short so far. x.com  x.com 

Memory pricing power now sits with makers like Micron, as even Apple cannot absorb the costs. Micron rose 14% after 16 long-term agreements locked in prices for 3-5 years, which the market reads as possibly ending memory's boom-bust cycle; management sees shortages past 2027. Per JPMorgan, memory rises from under 20% of big-tech capex in 2022 to about 52% in 2026. If AI capex holds, $2,000 by year-end is reasonable; next year, once 2027 earnings are priced in, take care. x.com 

Qualcomm is shifting from handset supplier to AI infrastructure platform, which should shrink its handset discount. At its June 24 investor day it targeted data center revenue rising from $0.3 billion in fiscal 2026 to over $15 billion by 2029, with the Dragonfly C1000 CPU and AI300 inference accelerator. Micron's results show insatiable AI memory demand that its efficient compute can serve. At about 21x forward earnings versus 30-50x for AI pure plays, a 12-month target of $325 is justified. … Show more

Qualcomm is weak in its own capabilities while facing longer phone replacement cycles and pricier memory. Its other growth narratives are a very long way off. x.com 

Rising mobile DRAM prices are the biggest risk for Apple and Qualcomm and could make their consumer businesses unsustainable. TrendForce forecasts Q2 2026 contract prices for LPDDR4X up at least 70-75% and LPDDR5X up 78-83% quarter on quarter, putting smartphone brands under heavier cost pressure and forcing spec cuts: high-end models settling at 12GB of RAM, mid-range back to 8GB and low-end converging on 4GB. x.com 

Qualcomm looks undervalued among tech stocks given its opportunities in physical AI, CPUs and an emerging data-center market. x.com 

Qualcomm is hurt by plunging consumer smartphone sales. Counterpoint Research's preliminary estimate puts global Q3 2026 shipments down 20% year over year, the lowest Q3 since 2012. Apple outperformed Android but was still down. x.com  x.com 

Qualcomm has a terrible position in every market it competes in and is not cheap enough to compensate. It faces Nvidia in cars, Intel and AMD in data-center CPUs, and Samsung and Google on their own phones. China is a material share of revenue, and Apple is aggressively cutting out Qualcomm's modem, a long-term revenue headwind. @citrini, bullish since December, made a good call, but the short stands; it also works as a funding short against long compute names such as AMD, SanDisk and Lumentum. … Show more

Qualcomm could rerate from a handset chipmaker into an AI infrastructure story now that Amazon is co-developing multiple generations of inference silicon with it. As AI shifts toward stacks built around workloads, power and cost, Qualcomm need not beat Nvidia, only help optimize around the GPU. Amazon and Qualcomm are also working on 1.6T links using Qualcomm SerDes and optical DSPs, entering a space led by Broadcom and Marvell. Deployment volumes and further design wins would confirm it. x.com 

Apple risks sliding after WWDC without a one-more-thing surprise, as Siri AI looks less robust than expected and Apple remains way behind in using AI in its OS. Adding a CPU scheduler back to models as old as the iPhone 11 to make them faster also undercuts the main reason to upgrade: speed. x.com  x.com  x.com