Collyer Bridge Joins FundaAI, Kioxia, TSMC, Meta’s Muse Spark, AWS Bedrock, Mythos

What a week of big news. No, we are not talking about the ceasefire deal; we are talking about Collyer Bridge officially joining FundaAI. For those who follow the Asian small- and mid-cap semiconductor and hardware space on Twitter and Substack, CB needs no introduction — he is, hands down, one of the best at identifying differentiated AI semiconductor and hardware ideas in Asia. CB will cover mid-cap names at FundaAI while continuing to run his own Substack. If you haven’t subscribed to his excellent work, you could do so here.

Coming back to the market, AI semi/hardware continued to demonstrate extreme alpha, while Mega Caps started to show some life, with META/AMZN leading the pack. Software continued to bleed as the market digested the astonishing growth in Anthropic’s ARR. As we enter a catalyst-rich period in the upcoming weeks, with CSP earnings announcements, new model releases, and Google Cloud Next (Apr 22-24), we believe the momentum will likely stay the course. Stay tuned for more ideas coming soon.

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This Week’s Reports

Kioxia: Not a Flash in the Pan — Our most comprehensive NAND thesis yet. Agent scaling is bottlenecked by storage infrastructure, and Kioxia’s Super High IOPS SSD and LTA positioning make it one of the most compelling risk/rewards in the memory space. This is also the first report CB contributed since joining us, and our first Japanese stock coverage.