Latest interview with the founder of SemiAnalysis: Storage still has room to double, CPUs are merely supporting actors, and CPO deployment is delayed until 2029

Founder Dylan Patel stated that Anthropic is already profitable, with an annual recurring revenue (ARR) exceeding $50 billion, refuting doubts about its return on investment (ROI). On the hardware front, memory prices have already quadrupled and are expected to rise another 2–3 times; the structural shortage driven by inference models will persist for several years. Demand for CPUs largely represents historical 'catch-up' purchases, constituting a short-term 'mini-cycle' rather than a long-term inflection point. Co-packaged optics (CPO) mass production has been delayed until late 2028, unexpectedly extending the copper cabling window of opportunity; meanwhile, power constraints are compelling data centers to shift toward behind-the-meter power generation.

wallstreetcn24minutes ago

Daniel Newman Says Meta Isn't Replacing Nvidia or AMD With In-House AI Chips: 'It Is Augmenting...'

Benzinga14:22

Semiconductor ETFs Draw Record $7.1 Billion as Investors Buy the AI Chip Dip

Benzinga13:19

As the Philadelphia Semiconductor Index surged 83% year-to-date while the Magnificent Seven stocks stalled, top Wall Street strategists collectively called for a 'reshuffle.'

The Mag 7 stocks have barely moved in the first half of the year, while the S&P 500 Index rose 9.3% over the same period. Capital has flowed heavily into semiconductor stocks, with the Philadelphia Semiconductor Index up 83% year-to-date. Although the Mag 7’s valuation multiple has declined from 32.6x to 23.9x—bringing its valuation premium close to a historical low—investors remain cautious about the near-term returns on their AI investments. Institutions such as Morgan Stanley and Goldman Sachs argue that the Mag 7 stocks have been oversold and are calling for renewed portfolio allocation.

wallstreetcn09:06

All-optical architecture may become a clear evolutionary direction, with OCS poised to serve as the core foundation for next-generation intelligent computing center networks.

① Institutions believe that full optical networking has become a clear evolutionary direction for computing power networks, and Optical Circuit Switching (OCS) has emerged as the core foundation of next-generation intelligent computing center networks. ② Zheshang Securities noted that NVIDIA has invested in nEye, a silicon photonics OCS startup, to position itself along this technological path. Combined with the industry standardization efforts driven by the Open Compute Project (OCP), this will further lower technical barriers and accelerate the widespread adoption of OCS in hyperscale AI clusters.

cls.cn07:48

GPT-5.6 fully launched! New ChatGPT agent released simultaneously; Altman stated that 'many adjustments' were made following discussions with the U.S. government.

OpenAI has fully launched three new GPT-5.6 models, which outperform Anthropic's Fable 5 in benchmark tests; the flagship Sol model costs one-fourth as much as Fable 5, while Terra and Luna cost only one-sixteenth as much. On the same day, OpenAI introduced ChatGPT Work agents, capable of working continuously across applications for multiple hours. Altman did not specify the exact nature of recent adjustments and also stated that it remains uncertain whether the company will go public this year. GPT-5.6 achieves a 54% improvement in token efficiency for agent programming, and open-source models from China are becoming 'very good.'

wallstreetcn04:24