Hardware Podcasts

EP 181: Cerebras Earnings, QCOM Investor Day, Micron Earnings and the Memory Mafia

The Circuit · 29 Jun 2026 · 1h 02m · Episode 174

What this episode covers

Ben Bajarin and Jay Goldberg analyze Cerebras's first public earnings, highlighting strong AI inference demand but investor concern over low gross margins caused by expensive wafer-scale packaging and capacity rental dynamics. They then dissect Qualcomm's Investor Day, focusing on its aggressive $15 billion data center revenue guidance, the 'Dragonfly' ARM CPU roadmap, and the strategic acquisition of Modular to address software integration challenges. Finally, the hosts examine Micron's massive earnings report, noting a 60% quarter-on-quarter memory price surge that surprised buyers like Apple, and discuss the 'Game of Thrones' style market dynamics and pricing leverage among Micron, SK Hynix, and Samsung.

Most relevant to

early-stage companies, companies scaling up and established companies

Topics

Mentioned

Companies
Cerebras, Qualcomm, Modular, Micron, SK Hynix, Samsung, Apple, Nvidia
Products
Dragonfly
Also
HBM

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