Martin Bradstreet
Investor & Programmer, Former Poker Player
TTM Technologies' data center and networking business is growing fast enough to become half or more of the company, a shift expected eventually but that showed up in a single quarter. Its end markets are strong, including circuit boards for TPUs and aerospace and defense. The stock is probably getting a little extended here. x.comÂ
TTM Technologies' defense-tech PCB exposure is incredibly underappreciated because the market lumps it into AI infrastructure. That infrastructure cycle is nowhere near its peak given PCB and substrate shortages. Insiders bought big; TTM looks like a no-brainer here. x.comÂ
TTM Technologies is a re-rating gem. x.comÂ
TTM Technologies, Rogers and Murata Manufacturing are among the component names on a list of potential losers, though TTM may still work as a shorter-term long trade into earnings. x.comÂ
TTM Technologies benefits from rising printed circuit board prices, a fit for what is clearly a stock picker's market. x.comÂ
TTM Technologies is the top defense and AI PCB pick, central to AI hardware yet trading at 20.3x forward earnings versus a 25.6x median for Asian rivals. It just posted its first $1B revenue quarter at record margins, holds over 40% share on Nvidia's VR200 platform and is qualified on nearly every major AI accelerator. PCB content rises from $35k in GB300 to $116k in VR200 as layer counts climb. The CEO and a board member bought $1.6M of stock, the first insider buying after months of selling. … Show more
Companies highly correlated with TPU capital spending, Broadcom, MediaTek, Lumentum, Semtech and TTM Technologies, should all keep going up; embrace the bubble. x.comÂ
Insiders are buying TTM Technologies 17% below its highs, supporting the case that its AI circuit-board bottleneck is underpriced. The CEO put $1.1 million into the stock, a day after a director bought $525K. Nvidia GPU boards use over 30 layers and the next generation needs 50 to 100+. TTM is the only US-listed pure-play PCB maker, called a top-five qualified supplier by an Nvidia account manager, yet trades at 20x forward earnings against 25x for Asian competitors. x.comÂ
Low multiples give AI infrastructure good risk/reward as demand outruns supply and agentic workloads have runway. TSMC at 17x 2027E EPS appears to have all the accelerator and CPU demand it can handle this year and next; Ultra Clean is at 8x, MKS 12x, TTM 13x, Nvidia 14x and Celestica 15x. Kioxia at 3x and Samsung preferreds at 2.5x carry a big discount on pricing and cycle fears. Multiples imply a 2027 capex peak and meaningful drop; 2028 capex growth is expected, but below 2027's rate. x.com … Show more
Broadcom's diverse networking exposure makes it one of the best positioned in the theme. The market has overlooked it year to date. Optical DSPs, Tomahawk and Jericho underpin the view; Tomahawk 6/7 ramps in 2027, and Tomahawk Ultra and optical DSPs should accelerate growth. New XPU customers and extended hyperscaler deals add to earnings upside and an eventual re-rating. Risks remain, and weak semiconductor flows warrant caution about calling a bottom. x.comÂ
TSMC's latest results point to AI chip demand still running ahead of supply, supporting the semiconductor and equipment trade. Cantor says TSMC raised its 2026 revenue outlook again, guided December-quarter sales above consensus and held 65-67% gross-margin guidance through the N2 ramp; its bullish sector read names Nvidia, Broadcom, AMD, ASML, Applied Materials, Lam Research and KLA. Jensen Huang says AI labs need not reach trillions in revenue to justify the buildout. x.com x.comÂ
