Chip Stock Investor Podcast

About Chip Stock Investor Podcast

Semiconductors are the heart of the modern economy. These small devices that manipulate the flow of electricity run everything from our PCs and smartphones to our cars to manufacturing. The semiconductor industry is at an inflection point of renewed growth, powering new movements like generative AI and electric vehicles. The Chip Stock Investor Podcast explores how semiconductors work, and especially the business of chips. Follow Nicholas and Kasey to learn how chip technology has become the engine of the world, and how to invest in its growth.

Publisher

Nicholas Rossolillo; Kasey Rossolillo

Category

business

Language

en

Explicit

No

First episode

30 May 2023

Latest episode

14 Oct 2026

Latest episodes

42 of 504 episodes have a transcript.

1. 

   14 Oct 2026

   ASML Q3 2026 Earnings: Sold Out Through 2028 & The New WFE Cycle

   ASML just reported Q3 2026 earnings, and management delivered a major update: the company cannot fully meet customer demand for the next two years. With net sales hitting €11.66 billion—up 55% year over year—these results reshape the trajectory for the entire wafer fab equipment (WFE) industry. In this episode, we break down the quarterly print and what extended capacity constraints mean for semi equipment through 2028: End-Market Shift: How memory chipmakers and installed base management offset softer logic spending to drive the top-line surge. Profitability & Cash: Net income near €5 billion (including ~€500M from ASML’s Mistral AI stake) and the rebound in free cash flow after several lumpy quarters. Q4 2026 Guidance: The setup for ~52% revenue growth and record gross margins near 57%. Revisiting Our 2028 Call: Why our earlier thesis on a potential 2028 equipment slowdown looks completely different now that ASML is weighing expansion beyond its planned 30% capacity bump. The Fab Five & Sector Strategy: What this supply crunch signals for Applied Materials, Lam Research, KLA, and Tokyo Electron following the post-June sell-off—and why macro equipment allocation matters more than single-stock picking at this stage of the AI cycle. Timestamps: 0:00 ASML Kicks Off Chip Earnings Season 1:10 The EUV Moat: Why Lithography Is a Choke Point 3:00 Sales by End Market: Memory Picks Up the Slack 4:10 Q3 2026 Revenue: +55% and the Lumpy Sales Cycle 6:00 Net Income, the Mistral AI Gain & Free Cash Flow 7:30 Revisiting Our 2028 Slowdown Call 8:10 Q4 Guide: +52% Growth and Record ~57% Margins 9:00 Capacity Constrained Through 2028: Why It’s Bullish 11:10 Fab Five Sell-Off: Is Equipment on Sale? 12:00 Allocation Over Stock Picking: Our Takeaway Sponsor: Try Fiscal.ai, the financial data platform we use every day. Get 15% off any paid plan at https://fiscal.ai/csi (https://fiscal.ai/csi) Join Semiconductor Insider: Get early access to our complete research, weekly live Q&As, and proprietary equipment tracking tools at https://chipstockinvestor.com (https://chipstockinvestor.com/) Platform Vision: Why Chip Stock Investor Is Becoming a Software Business: https://chipstockinvestor.com/why-chip-stock-investor-is-becoming-a-software-business/ (https://chipstockinvestor.com/why-chip-stock-investor-is-becoming-a-software-business/) Connect with Us: https://linktr.ee/chipstockinvestor (https://linktr.ee/chipstockinvestor) Affiliate links are sprinkled throughout our show notes. If something catches your eye and you decide to buy, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction! Content in this episode is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Chip Stock Investor owns shares of ASML.

2. 

   13 Oct 2026

   SpaceX (SPCX): Neocloud Giant or Overhyped AI Data Center Play?

   SpaceX (SPCX) is down from its post-IPO highs, and it’s quietly become one of the biggest neoclouds in the AI data center buildout. Is it hype, or is there a real strategy behind the xAI and Cursor deals? In this episode, we take an objective, numbers-first look at SpaceX as a public company, setting aside the Elon Musk controversy to focus on the business: Why a rocket and satellite company merged with xAI and spent $60 billion in stock on the AI coding platform Cursor. Breaking down the reported compute-leasing deal with Google, the path toward a $41 billion annualized run rate by year-end, and the goal of 10 gigawatts of compute by 2027. Looking at the feasibility and plan to put Nvidia Vera Rubin-based data centers in orbit. Analyzing 92% revenue growth in the June 2026 quarter, Starlink connectivity vs. AI segment revenue, adjusted EBITDA vs. EBIT, an $18.4 billion quarterly CapEx ramp compared with CoreWeave and Nebius, and a balance sheet with $100 billion in cash. Does SpaceX belong in our portfolio right now, and which space economy stocks are on our watch list? Timestamps: 0:00 SpaceX After the IPO: Neocloud Hype or Real Strategy? 1:05 Separating the Business From the Elon Musk Controversy 2:30 The xAI Merger: Why a Rocket Company Bought an AI Lab 4:00 The $60B Cursor Deal and Filling Its Own Data Centers 5:00 Google Deal, $41B Run Rate and the Power Outage Problem 7:05 10 Gigawatts by 2027 and Nvidia Data Centers in Orbit 10:00 Financials: 92% Revenue Growth and Shrinking Operating Profit 11:45 CapEx Ramp: SpaceX vs CoreWeave vs Nebius 13:15 Starlink vs AI Segment, EBITDA vs EBIT and the Balance Sheet 18:00 Is SPCX a Buy? Our Verdict and Space Stock Watch List Join Semiconductor Insider: Get our complete research, weekly live Q&As, and tools to build your process at https://chipstockinvestor.com (https://chipstockinvestor.com/) Why Chip Stock Investor Is Becoming a Software Business: https://chipstockinvestor.com/why-chip-stock-investor-is-becoming-a-software-business/ (https://chipstockinvestor.com/why-chip-stock-investor-is-becoming-a-software-business/) Connect with Us: https://linktr.ee/chipstockinvestor (https://linktr.ee/chipstockinvestor) Affiliate links are sprinkled throughout our show notes. If something catches your eye and you decide to buy, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction! Content in this episode is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Chip Stock Investor holds no shares of SpaceX. Episode DescriptionTimestampsResources & Links

3. 

   12 Oct 2026

   AI Agent E-Comm "Disruption," and Agent CPU Demand Is Helping Intel Turn Its Business Around

   The arrival of AI agents like Meta Muse is poised to reshape e-commerce platforms and trigger a ripple effect upstream across data center silicon. In this episode, Nick breaks down how agentic workloads change the margin equation for software and hardware companies alike. First, we examine the platform battle lines: why Amazon’s move to block Muse and Shopify’s choice to embrace it could disrupt digital advertising funnels, compress retail margins, and challenge aggregators like Booking Holdings. Then, we follow the infrastructure dollars back to the chip supply chain. While GPUs continue to capture the bulk of AI capital expenditures, persistent AI agents running inside isolated virtual machines introduce heavy CPU and memory demands. We review the data center landscape across Nvidia, AMD, Intel, Broadcom, Marvell, and custom ASIC design houses like Alchip. Along the way, we compare revenue growth, operating margins, and relative valuations—highlighting why Intel could capture unexpected upside from incremental server CPU demand, and what 2027 memory fab additions mean for DRAM and NAND players like Micron, SK hynix, Samsung, and Kioxia. Timestams 0:00 Meta Muse Launch: Why AI Agents Matter Now1:00 Amazon vs. Meta vs. Shopify: Revenue & Margin Breakdown2:50 “Your Margin Is My Opportunity”: Who Loses E-Com Profit4:20 Would an Amazon Sell-Off Be a Buying Opportunity?5:00 Booking Holdings & Travel: Is AI Agent Risk Overblown?7:15 GPUs vs. CPUs: What AI Agents Actually Change12:00 Memory & NAND Flash: The Agent Storage Opportunity13:30 Supplier Map & Valuations: NVDA, AMD, AVGO, MRVL18:00 Why Intel Has the Most to Gain20:20 2027 Memory Capacity & Where to Allocate Now Join Semiconductor Insider: Access our complete research archive, weekly live Q&A sessions, and proprietary tool suite: https://chipstockinvestor.com (https://chipstockinvestor.com) Article: Why Chip Stock Investor Is Becoming a Software Business: https://chipstockinvestor.com/why-chip-stock-investor-is-becoming-a-software-business/ (https://chipstockinvestor.com/why-chip-stock-investor-is-becoming-a-software-business/) Connect with Us: https://linktr.ee/chipstockinvestor (https://linktr.ee/chipstockinvestor) Disclosure: Chip Stock Investor team members hold shares in Meta. Affiliate links may be included; if you make a purchase through them, we may earn a small commission that helps fund the channel (and Kasey's coffee habit). Disclaimer: Content presented is for informational and educational purposes only and does not constitute individualized investment advice. Projections and historical analyses may not reflect future performance. All investing involves risk, including possible loss of principal.

Inside a recent episode

Palo Alto Is Up 1,400% in a Decade — What Comes Next? (PANW FY2026)

Published 2 Sept 2026 · Transcript excerpt

[…] And within the greater cloud security market, AI native security is also becoming a hot trend. Of course it would be. Two more recent acquisitions were made. One of them announced just yesterday during earnings, the acquisition of console for AI agent security. As that digital cloud world expands, there are now lots of autonomous workers, AI agents running around Getting work done for businesses and for their employees. And earlier this summer, they also acquired Embrace. That is another observability product that will complement Chronosphere. Yet another acquisition that they made around the same time as CyberArk to get into the observability market. […]

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

YouTube views

4,553,232

Score snapshot 15 Sept 2025

Apple Podcasts (US)

4.6 / 5

14 ratings

Spotify

4.6 / 5

78 ratings

Podcast Authority Score: 81 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

90

Social presence

0

YouTube

93

Engagement

85

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