James Covello
James Covello
begins franchise investors pricing question slow strategy value
Investors will increasingly question Intel's franchise value until/unless their pricing strategy begins to slow down AMD's momentum.
addition believe capacity capital declines dedicated driven excess further invested last makers prices primarily problem purely several supply transition
We believe precipitous declines in NAND prices are being driven primarily by excess supply, as NAND makers have invested significant capital over the last several quarters. In addition to capital investments dedicated purely to NAND, the transition of DRAM capacity to NAND capacity has further exacerbated the supply problem in NAND.