Sources
Greg
This chart from $TXN showing semiconductor units shipped really puts it in perspective on how bad the down cycle has been. Semis are the lifeblood of the economy & this just represents how weak growth is. What it doesn’t show is how strong pricing has been which has kept revenues… https://t.co/UJR1oAmNvG
The Transcript $TXN CEO: "You can see here that the current market environment remains weak with global semiconductor shipments now below 2019 levels. We believe it is helpful to consider the last 3 peaks as we prepare for the opportunity ahead" https://t.co/oVoCZIiCh0
Daily Chartbook "Based on current consensus forecasts, hardware revenue growth is expected to peak in 1Q25, supporting the notion that we are only ⅓ of the way through the upcycle and that this upcycle could last closer to 6 quarters." - Morgan Stanley https://t.co/lPjuRnw63o
