Trends with Benefits #127: Unpacking the Semiconductor Market: AI and Beyond with Brian Colello

Who is Nvidia’s biggest competitor? Hear from Brian Colello, technology equity strategist at Morningstar, who joins to talk about the current state of the semiconductor industry, factors driving demand, and potential headwinds. He discusses the key players, including Nvidia, Intel, Taiwan Semiconductor Manufacturing Company (TSMC), AMD, Apple, and Qualcomm, and gives insight into their valuations and wide economic moats. Brian also breaks down the differences between integrated device manufacturers, fabless companies, and foundries.

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Unpacking the Semiconductor Market: AI and Beyond with Brian Colello

Show Notes:

01:40 Importance of earnings calls

03:18 The different business models across the semiconductor industry

06:29 Profit of business models

09:43 Semiconductor company wide moat ratings

16:25 Semiconductor company valuations

19:22 Cheap names in the power semiconductor space

20:21 Long-term trends in semis

21:10 Nvidia’s biggest competition

25:00 Potential headwinds

26:30 Is there an AI bubble?

27:55 Automotive market

29:40 Emerging technologies to watch

33:15 Semiconductor industry outlook

32:25 Themes outside of semiconductors

36:43 Trend or fad

Trend or Fad

Listen for Brian’s take on the metaverse, nuclear power, printable electronics for wearables, and Fed funds rate cuts.

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