𝗟𝗶𝗴𝗵𝘁𝗺𝗮𝘁𝘁𝗲𝗿 𝗝𝗼𝗶𝗻𝘀 𝗡𝗩𝗟𝗶𝗻𝗸 𝗙𝘂𝘀𝗶𝗼𝗻 𝗖𝗹𝘂𝗯 𝖠𝗍 @computex_taipei 𝟤𝟢𝟤𝟨, @LightmatterCo 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝖽 𝗍𝗁𝖺𝗍 𝗂𝗍 𝗁𝖺𝖽 𝗃𝗈𝗂𝗇𝖾𝖽 𝗍𝗁𝖾 𝖭𝖵𝖫𝗂𝗇𝗄 𝖥𝗎𝗌𝗂𝗈𝗇 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝗍𝗈 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝖾 𝗍𝗁𝖾 𝖽𝖾𝗉𝗅𝗈𝗒𝗆𝖾𝗇𝗍 𝗈𝖿 𝗁𝗂𝗀𝗁-𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖺𝗇𝖼𝖾 𝗈𝗉𝗍𝗂𝖼𝖺𝗅 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝗂𝗏𝗂𝗍𝗒 𝖿𝗈𝗋 𝖠𝖨 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾. 𝖳𝗁𝗂𝗌 𝖼𝗈𝗅𝗅𝖺𝖻𝗈𝗋𝖺𝗍𝗂𝗈𝗇 𝗐𝗂𝗅𝗅 𝖽𝖾𝗅𝗂𝗏𝖾𝗋 𝖢𝗈-𝖯𝖺𝖼𝗄𝖺𝗀𝖾𝖽 𝖮𝗉𝗍𝗂𝖼𝗌 (𝖢𝖯𝖮) 𝖺𝗇𝖽 𝖭𝖾𝖺𝗋-𝖯𝖺𝖼𝗄𝖺𝗀𝖾𝖽 𝖮𝗉𝗍𝗂𝖼𝗌 (𝖭𝖯𝖮) 𝗉𝗋𝗈𝖽𝗎𝖼𝗍𝗌 𝗍𝗁𝖺𝗍 𝖺𝗋𝖾 𝖼𝗈𝗆𝗉𝖺𝗍𝗂𝖻𝗅𝖾 𝗐𝗂𝗍𝗁 @nvidia’𝗌 𝗈𝗉𝗍𝗂𝖼𝖺𝗅 𝖺𝗇𝖽 𝖲𝖾𝗋𝖣𝖾𝗌 𝗍𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗂𝖾𝗌. 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗧𝗮𝗸𝗲 • 𝖠𝗌 𝖺 𝗌𝗍𝖺𝗋𝗍-𝗎𝗉, 𝖫𝗂𝗀𝗁𝗍𝗆𝖺𝗍𝗍𝖾𝗋 𝗂𝗌 𝗉𝗎𝗇𝖼𝗁𝗂𝗇𝗀 𝖺𝖻𝗈𝗏𝖾 𝗂𝗍𝗌 𝗐𝖾𝗂𝗀𝗁𝗍 𝖺𝗇𝖽 𝗁𝖺𝗌 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝖾𝖽 𝖺𝖽𝗏𝖺𝗇𝖼𝖾𝖽 𝗍𝖾𝖼𝗁𝗇𝗈𝗅𝗈𝗀𝗂𝖾𝗌 𝗌𝗎𝖼𝗁 𝖺𝗌 𝖡𝗂-𝖣𝗂 𝖬𝗎𝗅𝗍𝗂𝗉𝗅𝖾𝗑𝗂𝗇𝗀 𝖺𝗇𝖽 𝗂𝗍𝗌 𝖵𝖫𝖲𝖯 𝗅𝖺𝗌𝖾𝗋 𝖾𝗇𝗀𝗂𝗇𝖾𝗌 𝖺𝗁𝖾𝖺𝖽 𝗈𝖿 𝗆𝗈𝗋𝖾 𝖾𝗌𝗍𝖺𝖻𝗅𝗂𝗌𝗁𝖾𝖽, 𝗂𝗇𝖼𝗎𝗆𝖻𝖾𝗇𝗍 𝗈𝗉𝗍𝗂𝖼𝗌 𝖼𝗈𝗆𝗉𝖺𝗇𝗂𝖾𝗌. • 𝖨𝗍 𝗁𝖺𝗌 𝖺𝗅𝗋𝖾𝖺𝖽𝗒 𝖺𝗅𝗂𝗀𝗇𝖾𝖽 𝗂𝗍𝗌𝖾𝗅𝖿 𝗐𝗂𝗍𝗁 𝗈𝗉𝖾𝗇 𝗌𝗍𝖺𝗇𝖽𝖺𝗋𝖽𝗌 𝗌𝗎𝖼𝗁 𝖺𝗌 𝖴𝖠𝖫𝗂𝗇𝗄 𝗅𝖾𝖽 𝖻𝗒 @AMD, @intel 𝖺𝗇𝖽 @Meta, 𝗐𝗁𝗂𝖼𝗁 𝖼𝗈𝗆𝗉𝖾𝗍𝖾𝗌 𝖺𝗀𝖺𝗂𝗇𝗌𝗍 𝖭𝗏𝗂𝖽𝗂𝖺. • 𝖡𝗒 𝗃𝗈𝗂𝗇𝗂𝗇𝗀 𝖭𝖵𝖫𝗂𝗇𝗄 𝖥𝗎𝗌𝗂𝗈𝗇, 𝗍𝗁𝖾 𝖼𝗈𝗆𝗉𝖺𝗇𝗒 𝖺𝗅𝗌𝗈 𝖻𝖾𝖼𝗈𝗆𝖾𝗌 𝖺 𝗏𝖺𝗅𝗂𝖽𝖺𝗍𝖾𝖽 𝗁𝖺𝗋𝖽𝗐𝖺𝗋𝖾 𝗉𝗅𝖺𝗒𝖾𝗋 𝖿𝗈𝗋 𝖭𝗏𝗂𝖽𝗂𝖺’𝗌 𝗉𝗋𝗈𝗉𝗋𝗂𝖾𝗍𝖺𝗋𝗒 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆. • 𝖳𝗁𝗂𝗌 𝗆𝖾𝖺𝗇𝗌 𝗍𝗁𝖺𝗍 𝖫𝗂𝗀𝗁𝗍𝗆𝖺𝗍𝗍𝖾𝗋’𝗌 𝗁𝖺𝗋𝖽𝗐𝖺𝗋𝖾 𝗌𝗈𝗅𝗎𝗍𝗂𝗈𝗇𝗌 𝖼𝖺𝗇 𝖻𝖾 𝗎𝗌𝖾𝖽 𝖾𝗊𝗎𝖺𝗅𝗅𝗒 𝗂𝗇 𝖻𝗈𝗍𝗁 𝖼𝖺𝗆𝗉𝗌, 𝗍𝗁𝗎𝗌 𝗌𝗂𝗀𝗇𝗂𝖿𝗂𝖼𝖺𝗇𝗍𝗅𝗒 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝗂𝗇𝗀 𝗂𝗍𝗌 𝖺𝖽𝖽𝗋𝖾𝗌𝗌𝖺𝖻𝗅𝖾 𝗆𝖺𝗋𝗄𝖾𝗍. 𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗔𝗹𝘀𝗼 𝗥𝗲𝗮𝗱: 𝗡𝗩𝗟𝗶𝗻𝗸 𝗙𝘂𝘀𝗶𝗼𝗻 - 𝗡𝘃𝗶𝗱𝗶𝗮’𝘀 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲 𝘁𝗼 𝗨𝗔𝗟𝗶𝗻𝗸?: counterpointresearch.com/en/… #AIInfrastructure #NVLinkFusion #Computex2026 #OpticalConnectivity #AIHardware #Lightmatter #CounterpointResearch $NVDA $AMD $META $INTC

𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗶𝘀 𝗵𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗼 𝗠𝗪𝗖 𝗦𝗵𝗮𝗻𝗴𝗵𝗮𝗶 𝖮𝗎𝗋 𝖺𝗇𝖺𝗅𝗒𝗌𝗍𝗌 𝗐𝗂𝗅𝗅 𝖻𝖾 𝖺𝗍 MWC Shanghai 𝟤𝟢𝟤𝟨 𝗍𝗈 𝖽𝗂𝗌𝖼𝗎𝗌𝗌 𝗍𝗁𝖾 𝗄𝖾𝗒 𝗍𝗋𝖾𝗇𝖽𝗌 𝗌𝗁𝖺𝗉𝗂𝗇𝗀 𝗍𝗁𝖾 𝗀𝗅𝗈𝖻𝖺𝗅 𝖺𝗇𝖽 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝗆𝖺𝗋𝗄𝖾𝗍𝗌, 𝖿𝗋𝗈𝗆 𝖠𝖨 𝗍𝗈 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌, 𝗌𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋𝗌, 𝖨𝗈𝖳, 𝖺𝗇𝖽 𝖼𝗈𝗇𝗇𝖾𝖼𝗍𝖾𝖽 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆𝗌. 𝖨𝖿 𝗒𝗈𝗎'𝗋𝖾 𝖺𝗍𝗍𝖾𝗇𝖽𝗂𝗇𝗀, 𝗅𝖾𝗍'𝗌 𝖼𝗈𝗇𝗇𝖾𝖼𝗍. 𝖲𝖼𝗁𝖾𝖽𝗎𝗅𝖾 𝖺 𝗆𝖾𝖾𝗍𝗂𝗇𝗀 𝗐𝗂𝗍𝗁 𝗈𝗎𝗋 𝗍𝖾𝖺𝗆 𝖺𝗇𝖽 𝗌𝖾𝖾 𝗁𝗈𝗐 𝗈𝗎𝗋 𝗋𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖺𝗇𝖽 𝗌𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝖼𝖺𝗇 𝗁𝖾𝗅𝗉 𝗒𝗈𝗎𝗋 𝖻𝗎𝗌𝗂𝗇𝖾𝗌𝗌 𝗆𝗈𝗏𝖾 𝖿𝗈𝗋𝗐𝖺𝗋𝖽. 𝗠𝗲𝗲𝘁 𝗢𝘂𝗿 𝗧𝗲𝗮𝗺 𝗢𝗻𝘀𝗶𝘁𝗲: • Neil Shah: 𝖵𝖯 𝗈𝖿 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 • Kevin Li: 𝖠𝗌𝗌𝗈𝖼𝗂𝖺𝗍𝖾 𝖣𝗂𝗋𝖾𝖼𝗍𝗈𝗋 • Taimur Zafar: 𝖲𝖾𝗇𝗂𝗈𝗋 𝖠𝗇𝖺𝗅𝗒𝗌𝗍 • Sanghoon Kim: 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖠𝗇𝖺𝗅𝗒𝗌𝗍 • 𝖠𝗅𝗂𝖼𝗂𝖺 𝖦𝗈𝗇𝗀: 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖠𝗇𝖺𝗅𝗒𝗌𝗍 𝗗𝗮𝘁𝗲: 𝖩𝗎𝗇𝖾 𝟤𝟦–𝟤𝟨, 𝟤𝟢𝟤𝟨 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: 𝖲𝗁𝖺𝗇𝗀𝗁𝖺𝗂 𝖭𝖾𝗐 𝖨𝗇𝗍𝖾𝗋𝗇𝖺𝗍𝗂𝗈𝗇𝖺𝗅 𝖤𝗑𝗉𝗈 𝖢𝖾𝗇𝗍𝗋𝖾 (𝖲𝖭𝖨𝖤𝖢) 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝗵𝗲𝗿𝗲: bookings.cloud.microsoft/boo… #AI #China #MWC #MWCShanghai #IoT #Semiconductors

𝗠𝗘𝗔 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗙𝗮𝗹𝗹 𝟳% 𝗬𝗼𝗬 𝗶𝗻 𝗤𝟭 𝟮𝟬𝟮𝟲, 𝗛𝘂𝗿𝘁 𝗯𝘆 𝗠𝗲𝗺𝗼𝗿𝘆 𝗣𝗿𝗶𝗰𝗲𝘀 𝗮𝗻𝗱 𝗖𝗼𝗻𝗳𝗹𝗶𝗰𝘁𝘀 𝖠𝖿𝗍𝖾𝗋 𝖺 𝗌𝗍𝗋𝗈𝗇𝗀 𝟤𝟢𝟤𝟧, 𝗍𝗁𝖾 𝖬𝗂𝖽𝖽𝗅𝖾 𝖤𝖺𝗌𝗍 𝖺𝗇𝖽 𝖠𝖿𝗋𝗂𝖼𝖺 (𝖬𝖤𝖠) 𝗆𝗈𝖻𝗂𝗅𝖾 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖽𝖾𝖼𝗅𝗂𝗇𝖾𝖽 𝗂𝗇 𝖰𝟣 𝟤𝟢𝟤𝟨, 𝖽𝗎𝖾 𝗍𝗈 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝗂𝗇𝗀 𝗉𝗋𝗂𝖼𝖾𝗌 𝗌𝗍𝖾𝗆𝗆𝗂𝗇𝗀 𝖿𝗋𝗈𝗆 𝗍𝗁𝖾 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗋𝗂𝗌𝗂𝗌, 𝖺𝗌 𝗐𝖾𝗅𝗅 𝖺𝗌 𝗍𝗁𝖾 𝗋𝖾𝗀𝗂𝗈𝗇𝖺𝗅 𝖼𝗈𝗇𝖿𝗅𝗂𝖼𝗍. 𝖳𝗁𝖾 $𝟧𝟢-$𝟫𝟫 𝗉𝗋𝗂𝖼𝖾 𝖻𝖺𝗇𝖽 𝗌𝖺𝗐 𝖺 𝟦𝟣% 𝖸𝗈𝖸 𝖽𝖾𝖼𝗅𝗂𝗇𝖾. 𝖣𝖾𝗌𝗉𝗂𝗍𝖾 𝗍𝗁𝖾 𝗈𝗏𝖾𝗋𝖺𝗅𝗅 𝗆𝖺𝗋𝗄𝖾𝗍 𝖽𝗈𝗐𝗇𝗍𝗎𝗋𝗇, 𝟧𝖦 𝖺𝖽𝗈𝗉𝗍𝗂𝗈𝗇 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝗌 𝗍𝗈 𝗀𝖺𝗂𝗇 𝗆𝗈𝗆𝖾𝗇𝗍𝗎𝗆, 𝗌𝖾𝖾𝗂𝗇𝗀 𝖺 𝟦𝟤% 𝖸𝗈𝖸 𝗀𝗋𝗈𝗐𝗍𝗁 𝗂𝗇 𝟧𝖦 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:    • 𝖳𝗁𝖾 𝗉𝗎𝗅𝗅𝖻𝖺𝖼𝗄 𝗂𝗌 𝗌𝗍𝗋𝗈𝗇𝗀𝗅𝗒 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝗍𝗁𝖾 𝖽𝗈𝗐𝗇𝗍𝗎𝗋𝗇 𝗂𝗇 𝗍𝗁𝖾 𝖾𝗇𝗍𝗋𝗒-𝗍𝗂𝖾𝗋, 𝗂𝗆𝗉𝖺𝖼𝗍𝖾𝖽 𝖻𝗒 𝗋𝗂𝗌𝗂𝗇𝗀 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗉𝗋𝗂𝖼𝖾𝗌, 𝗅𝗂𝗆𝗂𝗍𝖾𝖽 𝖾𝗇𝗍𝗋𝗒-𝗍𝗂𝖾𝗋 𝗆𝗈𝖽𝖾𝗅 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗂𝗅𝗂𝗍𝗒, 𝖺𝗇𝖽 𝖾𝗌𝖼𝖺𝗅𝖺𝗍𝗂𝗇𝗀 𝗋𝖾𝗀𝗂𝗈𝗇𝖺𝗅 𝖼𝗈𝗇𝖿𝗅𝗂𝖼𝗍𝗌.    • 𝖢𝗈𝗆𝗉𝗈𝗎𝗇𝖽𝖾𝖽 𝖻𝗒 𝗍𝗁𝖾 𝗋𝖾𝗀𝗂𝗈𝗇𝖺𝗅 𝗎𝗇𝖼𝖾𝗋𝗍𝖺𝗂𝗇𝗍𝗒 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗋𝗂𝗌𝗂𝗌, 𝖬𝖤𝖠 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖺𝗋𝖾 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝖽𝖾𝖼𝗅𝗂𝗇𝖾 𝖿𝗎𝗋𝗍𝗁𝖾𝗋 𝗂𝗇 𝖰𝟤 𝟤𝟢𝟤𝟨, 𝗇𝗈𝗍𝖺𝖻𝗅𝗒 𝖽𝗎𝖾 𝗍𝗈 𝖺 𝗅𝖺𝖼𝗄 𝗈𝖿 𝗉𝗋𝗈𝗆𝗈𝗍𝗂𝗈𝗇𝗌 𝖺𝗇𝖽 𝗌𝖺𝗅𝖾𝗌-𝖽𝗋𝗂𝗏𝗂𝗇𝗀 𝗈𝖼𝖼𝖺𝗌𝗂𝗈𝗇𝗌.    • @SamsungMobile 𝗀𝗋𝖾𝗐 𝟣𝟫% 𝖸𝗈𝖸, 𝗆𝖺𝗂𝗇𝗍𝖺𝗂𝗇𝗂𝗇𝗀 𝗏𝗈𝗅𝗎𝗆𝖾 𝗅𝖾𝖺𝖽𝖾𝗋𝗌𝗁𝗂𝗉 𝗂𝗇 𝗍𝗁𝖾 𝗋𝖾𝗀𝗂𝗈𝗇, 𝗌𝗎𝗉𝗉𝗈𝗋𝗍𝖾𝖽 𝖻𝗒 𝗋𝖾𝗅𝖺𝗍𝗂𝗏𝖾𝗅𝗒 𝗌𝗍𝖺𝖻𝗅𝖾 𝗉𝗋𝗂𝖼𝖾𝗌 𝖺𝗇𝖽 𝗌𝗍𝗋𝗈𝗇𝗀𝖾𝗋 𝗂𝗇𝗏𝖾𝗇𝗍𝗈𝗋𝗂𝖾𝗌. 𝖮𝗍𝗁𝖾𝗋 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝖮𝖤𝖬𝗌, 𝗅𝗂𝗄𝖾 𝖳𝗋𝖺𝗇𝗌𝗌𝗂𝗈𝗇 𝖺𝗇𝖽 @Xiaomi, 𝗁𝖺𝗏𝖾 𝗅𝗂𝗆𝗂𝗍𝖾𝖽 𝗉𝗋𝗈𝖽𝗎𝖼𝗍 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗂𝗅𝗂𝗍𝗒 𝖺𝗇𝖽 𝖾𝗆𝗉𝗍𝗒 𝗌𝗁𝖾𝗅𝗏𝖾𝗌 𝗂𝗇 𝗌𝗈𝗆𝖾 𝖼𝖺𝗌𝖾𝗌.    • @Honorglobal 𝗌𝗎𝗌𝗍𝖺𝗂𝗇𝖾𝖽 𝖺 𝟣𝟧𝟦% 𝖸𝗈𝖸 𝗀𝗋𝗈𝗐𝗍𝗁, 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝖾𝖿𝖿𝖾𝖼𝗍𝗂𝗏𝖾 𝗂𝗇𝗏𝖾𝗇𝗍𝗈𝗋𝗒 𝗅𝖾𝗏𝖾𝗅𝗌, 𝖺𝗇𝖽 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝖽 𝗆𝗈𝗆𝖾𝗇𝗍𝗎𝗆 𝗂𝗇 𝗍𝗁𝖾 𝗋𝖾𝗀𝗂𝗈𝗇’𝗌 𝗉𝗋𝖾𝗆𝗂𝗎𝗆 𝗆𝖺𝗋𝗄𝖾𝗍𝗌, 𝗍𝗁𝖾 𝖦𝖢𝖢 𝗂𝗇 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋. 𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗼𝗻𝗶𝘁𝗼𝗿 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #MEA #SmartphoneMarket #5G #AISmartphones #CounterpointResearch @Apple @Infinix_Mobile @tecnomobile

𝗛𝗢𝗡𝗢𝗥 𝗠𝗮𝗴𝗶𝗰 𝗩𝟲 𝗙𝗶𝗿𝘀𝘁 𝗜𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝗼𝗻𝘀: 𝗦𝗼𝗹𝗶𝗱 𝗥𝗲𝗳𝗶𝗻𝗲𝗺𝗲𝗻𝘁𝘀, 𝗠𝗲𝗮𝗻𝗶𝗻𝗴𝗳𝘂𝗹 𝗨𝗽𝗴𝗿𝗮𝗱𝗲𝘀 𝖧𝖮𝖭𝖮𝖱 𝗁𝖺𝗌 𝖻𝗎𝗂𝗅𝗍 𝖺 𝗋𝖾𝗉𝗎𝗍𝖺𝗍𝗂𝗈𝗇 𝖿𝗈𝗋 𝖼𝗈𝗇𝗌𝗂𝗌𝗍𝖾𝗇𝗍𝗅𝗒 𝖽𝖾𝗅𝗂𝗏𝖾𝗋𝗂𝗇𝗀 𝗌𝗈𝗆𝖾 𝗈𝖿 𝗍𝗁𝖾 𝖿𝗂𝗇𝖾𝗌𝗍 𝖿𝗈𝗅𝖽𝖺𝖻𝗅𝖾 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗅𝖺𝗍𝖾𝗌𝗍 𝖬𝖺𝗀𝗂𝖼 𝖵𝟨 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝖾𝗌 𝗍𝗁𝖾 𝗍𝗋𝖾𝗇𝖽. 𝖶𝖾 𝗌𝗉𝖾𝗇𝗍 𝖺 𝖿𝖾𝗐 𝖽𝖺𝗒𝗌 𝗍𝖾𝗌𝗍𝗂𝗇𝗀 𝗍𝗁𝖾 𝖧𝖮𝖭𝖮𝖱 𝖬𝖺𝗀𝗂𝖼 𝖵𝟨, 𝖺𝗇𝖽 𝗈𝗎𝗋 𝗂𝗇𝗂𝗍𝗂𝖺𝗅 𝗂𝗆𝗉𝗋𝖾𝗌𝗌𝗂𝗈𝗇 𝗂𝗌 𝗍𝗁𝖺𝗍 𝗂𝗍 𝖿𝗈𝖼𝗎𝗌𝖾𝗌 𝗈𝗇 𝗆𝖾𝖺𝗇𝗂𝗇𝗀𝖿𝗎𝗅 𝗎𝗉𝗀𝗋𝖺𝖽𝖾𝗌 𝖺𝗅𝗈𝗇𝗀 𝗐𝗂𝗍𝗁 𝗌𝗈𝗆𝖾 𝗌𝗈𝗅𝗂𝖽 𝗋𝖾𝖿𝗂𝗇𝖾𝗆𝖾𝗇𝗍𝗌, 𝗋𝖺𝗍𝗁𝖾𝗋 𝗍𝗁𝖺𝗇 𝗋𝖾𝗂𝗇𝗏𝖾𝗇𝗍𝗂𝗇𝗀 𝗂𝗍. 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:   • 𝖳𝗁𝖾 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗉𝖺𝖼𝗄𝗌 𝖺 𝗅𝖺𝗋𝗀𝖾𝗋 𝟨,𝟨𝟨𝟢𝗆𝖠𝗁 𝖲𝗂𝖢 𝖻𝖺𝗍𝗍𝖾𝗋𝗒.   • 𝖯𝗈𝗐𝖾𝗋𝖾𝖽 𝖻𝗒 𝗍𝗁𝖾 𝗅𝖺𝗍𝖾𝗌𝗍 @Qualcomm @Snapdragon 𝖤𝗅𝗂𝗍𝖾 𝖦𝖾𝗇𝟧 𝖲𝗈𝖢.   • 𝖨𝖯𝟨𝟪/𝟨𝟫 𝖼𝖾𝗋𝗍𝗂𝖿𝗂𝖾𝖽 𝖿𝗈𝗋 𝗐𝖺𝗍𝖾𝗋 𝖺𝗇𝖽 𝖽𝗎𝗌𝗍 𝗋𝖾𝗌𝗂𝗌𝗍𝖺𝗇𝖼𝖾.   • 𝖢𝗈𝗏𝖾𝗋 𝖽𝗂𝗌𝗉𝗅𝖺𝗒 𝖿𝖾𝖺𝗍𝗎𝗋𝖾𝗌 𝖺 𝗇𝖾𝗐 𝖭𝖺𝗇𝗈𝖢𝗋𝗒𝗌𝗍𝖺𝗅 𝖲𝗁𝗂𝖾𝗅𝖽 𝗐𝗁𝗂𝖼𝗁 𝗈𝖿𝖿𝖾𝗋𝗌 𝗂𝗆𝗉𝗋𝖾𝗌𝗌𝗂𝗏𝖾 𝗌𝖼𝗋𝖺𝗍𝖼𝗁 𝗋𝖾𝗌𝗂𝗌𝗍𝖺𝗇𝖼𝖾. 𝗥𝗲𝗮𝗱 @MobilePeter's 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗳𝗶𝗿𝘀𝘁 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝗼𝗻𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗼𝗹𝗱𝗮𝗯𝗹𝗲 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #FoldableSmartphones #HONORMagicV6 #CounterpointResearch #Foldables @Honorglobal

𝐀𝐩𝐩𝐥𝐞'𝐬 𝐍𝐞𝐰 𝐒𝐢𝐫𝐢 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭 𝐟𝐫𝐨𝐦 𝐖𝐖𝐃𝐂𝟐𝟔 For two years, Siri updates have been stagnant. This year, Siri gets a much-needed boost from a more responsive and integrated Apple Intelligence. 𝐊𝐞𝐲 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬: • Siri can now draw on multimodal user data, i.e., searching through voicemails, texts, and emails for answers. • Siri also works across devices more efficiently: users can begin on one @Apple device and finish on another. • On-screen awareness is used to ask Siri about images and give immediate feedback on details. 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐧𝐨𝐭𝐞 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: counterpointresearch.com/en/… #Apple #WWDC26 #iOS27 #SiriAI #AppleIntelligence #AI

𝗝𝗲𝗻𝘀𝗲𝗻’𝘀 𝗞𝗼𝗿𝗲𝗮 𝗧𝗼𝘂𝗿 - 𝗦𝗲𝗰𝘂𝗿𝗶𝗻𝗴 𝗔𝗜 𝗖𝗼𝗮𝗹𝗶𝘁𝗶𝗼𝗻 & 𝗖𝗵𝗶𝗽𝘀 𝗼𝘃𝗲𝗿 𝗖𝗵𝗶𝗰𝗸𝗲𝗻 𝗮𝗻𝗱 𝗕𝗲𝗲𝗿 (𝗖𝗵𝗶𝗺𝗮𝗲𝗸) @nvidia 𝖢𝖤𝖮 𝖩𝖾𝗇𝗌𝖾𝗇 𝖧𝗎𝖺𝗇𝗀 𝗂𝗌 𝗍𝗋𝖺𝗏𝖾𝗅𝗅𝗂𝗇𝗀 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖪𝗈𝗋𝖾𝖺, 𝗁𝗈𝗅𝖽𝗂𝗇𝗀 𝖻𝖺𝖼𝗄-𝗍𝗈-𝖻𝖺𝖼𝗄 𝗆𝖾𝖾𝗍𝗂𝗇𝗀𝗌 𝗐𝗂𝗍𝗁 𝗍𝗁𝖾 𝗁𝖾𝖺𝖽𝗌 𝗈𝖿 𝗆𝖺𝗃𝗈𝗋 𝖼𝗈𝗇𝗀𝗅𝗈𝗆𝖾𝗋𝖺𝗍𝖾𝗌 𝗈𝗏𝖾𝗋 𝖼𝗁𝗂𝖼𝗄𝖾𝗇 𝖺𝗇𝖽 𝖻𝖾𝖾𝗋, 𝗍𝗁𝖾 𝗉𝖺𝗂𝗋𝗂𝗇𝗀 𝖼𝖺𝗅𝗅𝖾𝖽 𝖢𝗁𝗂-𝗆𝖺𝖾𝗄 𝗂𝗇 𝖪𝗈𝗋𝖾𝖺. 𝖳𝗁𝖾 𝗆𝗈𝗏𝖾 𝗌𝗂𝗀𝗇𝖺𝗅𝗌 𝗍𝗁𝖾 𝗌𝗂𝗀𝗇𝗂𝖿𝗂𝖼𝖺𝗇𝖼𝖾 𝗈𝖿 𝖪𝗈𝗋𝖾𝖺 𝗍𝗈 𝖭𝗏𝗂𝖽𝗂𝖺’𝗌 𝖿𝗎𝗍𝗎𝗋𝖾 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗒 𝖺𝗅𝗈𝗇𝗀𝗌𝗂𝖽𝖾 𝖳𝖺𝗂𝗐𝖺𝗇. 𝗞𝗲𝘆 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗱𝗿𝗶𝘃𝗲𝗿𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘃𝗶𝘀𝗶𝘁:   • 𝖲𝗎𝗉𝗉𝗅𝗒 𝖲𝗂𝖽𝖾: 𝖲𝖾𝖼𝗎𝗋𝗂𝗇𝗀 𝖬𝖾𝗆𝗈𝗋𝗒 (𝖧𝖡𝖬) 𝖿𝗈𝗋 𝖭𝖾𝗑𝗍 𝖦𝖾𝗇𝖾𝗋𝖺𝗍𝗂𝗈𝗇 𝖭𝖵𝖨𝖣𝖨𝖠 𝖠𝖨 𝖥𝖺𝖼𝗍𝗈𝗋𝗂𝖾𝗌 𝖨𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾   • 𝖣𝖾𝗆𝖺𝗇𝖽 𝖲𝗂𝖽𝖾: 𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅 𝖠𝖨 & 𝖲𝗈𝗏𝖾𝗋𝖾𝗂𝗀𝗇 𝖠𝖨 𝖺𝗋𝖾 𝗍𝗁𝖾 𝗄𝖾𝗒 𝗇𝖾𝗑𝗍 𝗆𝖺𝗋𝗄𝖾𝗍𝗌, 𝗐𝗂𝗍𝗁 𝖪𝗈𝗋𝖾𝖺 𝖺 𝗀𝗋𝖾𝖺𝗍 𝖼𝖺𝗌𝖾 𝗌𝗍𝗎𝖽𝗒 𝖿𝗈𝗋 𝖭𝖵𝖨𝖣𝖨𝖠 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:   • 𝖶𝖾 𝖾𝗑𝗉𝖾𝖼𝗍 𝗍𝗁𝖾𝗌𝖾 𝗏𝗂𝗌𝗂𝗍𝗌 𝗍𝗈 𝖺𝖼𝖼𝖾𝗅𝖾𝗋𝖺𝗍𝖾 𝖠𝖨 𝗀𝗋𝗈𝗐𝗍𝗁 𝖺𝗌 𝖭𝗏𝗂𝖽𝗂𝖺’𝗌 𝖼𝗈𝗇𝗍𝗋𝗂𝖻𝗎𝗍𝗂𝗈𝗇 𝗌𝗉𝖺𝗇𝗌 𝖻𝖾𝗒𝗈𝗇𝖽 𝖦𝖯𝖴𝗌 𝗂𝗇 𝖽𝖺𝗍𝖺 𝖼𝖾𝗇𝗍𝖾𝗋𝗌 𝖿𝗈𝖼𝗎𝗌𝗂𝗇𝗀 𝗈𝗇 𝖠𝗀𝖾𝗇𝗍𝗂𝖼 𝖠𝖨 𝗍𝗈 𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅 𝖠𝖨.   • 𝖠𝖨 𝖽𝖾𝗆𝖺𝗇𝖽 𝗂𝗌 𝖽𝗋𝗂𝗏𝗂𝗇𝗀 𝗈𝗏𝖾𝗋𝖺𝗅𝗅 𝗌𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗎𝗉 𝗍𝗈 𝗋𝖾𝖼𝗈𝗋𝖽 𝗅𝖾𝗏𝖾𝗅𝗌 𝖾𝖺𝖼𝗁 𝗊𝗎𝖺𝗋𝗍𝖾𝗋, 𝖺𝗇𝖽 𝗐𝖾 𝖾𝗑𝗉𝖾𝖼𝗍 𝗁𝗂𝗀𝗁 𝗀𝗋𝗈𝗐𝗍𝗁 𝗂𝗇 𝖠𝖲𝖨𝖢𝗌 𝗍𝗁𝗂𝗌 𝗒𝖾𝖺𝗋, 𝗐𝗁𝗂𝖼𝗁 𝗐𝗂𝗅𝗅 𝖺𝗅𝗌𝗈 𝗐𝖺𝗋𝗋𝖺𝗇𝗍 𝖺 𝗌𝖾𝗉𝖺𝗋𝖺𝗍𝖾 𝖧𝖡𝖬/𝖣𝖱𝖠𝖬 𝗌𝗎𝗉𝗉𝗅𝗒.   • 𝖩𝖾𝗇𝗌𝖾𝗇 𝗂𝗌 𝖺𝗅𝗌𝗈 𝖺𝗌𝗍𝗎𝗍𝖾𝗅𝗒 𝗅𝖾𝗇𝖽𝗂𝗇𝗀 𝗁𝗂𝗌 𝗂𝗇𝖿𝗅𝗎𝖾𝗇𝖼𝖾 𝖺𝗇𝖽 𝗏𝗂𝗌𝗂𝗈𝗇 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗆𝖺𝗋𝗄𝖾𝗍 𝗍𝗈 𝗍𝗁𝗂𝗇𝗄 𝖻𝗂𝗀𝗀𝖾𝗋 𝗍𝗈 𝗆𝖺𝗄𝖾 𝖺 𝖼𝖺𝗌𝖾 𝖿𝗈𝗋 𝗆𝖺𝗌𝗌𝗂𝗏𝖾 𝗆𝗎𝗅𝗍𝗂-𝗍𝗋𝗂𝗅𝗅𝗂𝗈𝗇 𝖽𝗈𝗅𝗅𝖺𝗋 𝗏𝖺𝗅𝗎𝖺𝗍𝗂𝗈𝗇𝗌 𝖿𝗈𝗋 𝖭𝖵𝖨𝖣𝖨𝖠 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌 𝗂𝗇 𝗍𝗁𝗂𝗌 𝖠𝖨 𝗀𝗈𝗅𝖽 𝗋𝗎𝗌𝗁. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗔𝗹𝘀𝗼 𝗿𝗲𝗮𝗱: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗜 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗦𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝘁𝗼 𝗦𝗸𝘆𝗿𝗼𝗰𝗸𝗲𝘁, 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗶𝗻𝗴 $𝟳𝟬𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟬: counterpointresearch.com/en/… $NVDA #NVIDIA #PhysicalAI #SovereignAI #HBM #Semiconductor #AIInfrastructure #AI #DRAM #NAND #AgenticAI #ASIC

𝗔𝗽𝗽𝗹𝗲 𝗻𝗼𝘄 𝗵𝗮𝘀 𝗼𝘃𝗲𝗿 𝟰𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗔𝗽𝗽𝗹𝗲 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲-𝗰𝗮𝗽𝗮𝗯𝗹𝗲 𝗶𝗣𝗵𝗼𝗻𝗲𝘀 𝗶𝗻 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿𝘀’ 𝗵𝗮𝗻𝗱𝘀 𝖠𝗌 𝖶𝖶𝖣𝖢 ‘𝟤𝟨 𝖻𝖾𝗀𝗂𝗇𝗌, 𝗍𝗁𝖾 𝗉𝗋𝖾𝗌𝗌𝗎𝗋𝖾 𝗂𝗌 𝗈𝗇 𝖿𝗈𝗋 @Apple 𝗍𝗈 𝖿𝗂𝗇𝖺𝗅𝗅𝗒 𝖽𝖾𝗅𝗂𝗏𝖾𝗋 𝖺 𝗌𝗆𝖺𝗋𝗍𝖾𝗋, 𝗋𝖾𝗏𝖺𝗆𝗉𝖾𝖽 𝖲𝗂𝗋𝗂 𝖾𝗑𝗉𝖾𝗋𝗂𝖾𝗇𝖼𝖾 𝖺𝗇𝖽 𝖽𝖾𝖿𝗂𝗇𝖾 𝗂𝗍𝗌 𝖠𝗀𝖾𝗇𝗍𝗂𝖼 𝖠𝖨 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗒 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗇𝖾𝗑𝗍 𝖾𝗋𝖺 𝗈𝖿 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌. 𝗜𝗻 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵, 𝘄𝗲 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁 𝘁𝗵𝗮𝘁 • 𝖠𝗉𝗉𝗅𝖾 𝗁𝖺𝗌 𝗍𝗁𝖾 𝗅𝖺𝗋𝗀𝖾𝗌𝗍 𝗇𝗎𝗆𝖻𝖾𝗋 𝗈𝖿 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌 𝗐𝗂𝗍𝗁 𝖼𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝗌 𝗐𝗁𝗂𝖼𝗁 𝖺𝗋𝖾 𝖼𝖺𝗉𝖺𝖻𝗅𝖾 𝗈𝖿 𝖦𝖾𝗇𝖠𝖨 𝖺𝗌 𝖼𝗈𝗆𝗉𝖺𝗋𝖾𝖽 𝗍𝗈 𝖺𝗇𝗒 𝗈𝗍𝗁𝖾𝗋 𝖻𝗋𝖺𝗇𝖽. • 𝖳𝗁𝖾 𝖺𝗋𝗋𝗂𝗏𝖺𝗅 𝗈𝖿 𝖠𝗀𝖾𝗇𝗍𝗂𝖼 𝖠𝖨 𝗂𝗌 𝗂𝗆𝗆𝗂𝗇𝖾𝗇𝗍, 𝖺𝗇𝖽 𝗍𝗁𝗂𝗌 𝖼𝗈𝗎𝗅𝖽 𝖿𝗎𝗇𝖽𝖺𝗆𝖾𝗇𝗍𝖺𝗅𝗅𝗒 𝖺𝗅𝗍𝖾𝗋 𝗁𝗈𝗐 𝗁𝗎𝗆𝖺𝗇𝗌 𝗂𝗇𝗍𝖾𝗋𝖺𝖼𝗍 𝗐𝗂𝗍𝗁 𝗍𝗁𝖾𝗂𝗋 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌. • 𝖠𝗉𝗉𝗅𝖾 𝗆𝗎𝗌𝗍 𝗌𝗁𝗈𝗐𝖼𝖺𝗌𝖾 𝗎𝗌𝖾 𝖼𝖺𝗌𝖾𝗌 𝗐𝗁𝗂𝖼𝗁 𝗌𝗈𝗅𝗏𝖾 𝗉𝗋𝖺𝖼𝗍𝗂𝖼𝖺𝗅 𝗉𝗋𝗈𝖻𝗅𝖾𝗆𝗌 𝖺𝗇𝖽 𝗎𝗉𝗅𝗂𝖿𝗍 𝗍𝗁𝖾 𝗎𝗌𝖾𝗋 𝖾𝗑𝗉𝖾𝗋𝗂𝖾𝗇𝖼𝖾 𝗐𝗂𝗍𝗁𝗈𝗎𝗍 𝖼𝗈𝗆𝗉𝗋𝗈𝗆𝗂𝗌𝗂𝗇𝗀 𝗈𝗇 𝗉𝗋𝗂𝗏𝖺𝖼𝗒. • 𝖢𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗂𝗈𝗇 𝗂𝗌 𝖺𝗅𝗋𝖾𝖺𝖽𝗒 𝗆𝗈𝗏𝗂𝗇𝗀 𝖺𝗁𝖾𝖺𝖽, 𝖺𝗇𝖽 𝖠𝗉𝗉𝗅𝖾 𝗆𝗎𝗌𝗍 𝖻𝖾 𝗋𝖾𝖺𝖽𝗒 𝗍𝗈 𝖿𝗈𝗅𝗅𝗈𝗐 𝗌𝗐𝗂𝖿𝗍𝗅𝗒. 𝖮𝗎𝗋 𝖺𝗇𝖺𝗅𝗒𝗌𝗍𝗌 𝖳𝖺𝗋𝗎𝗇 𝖺𝗇𝖽 𝖩𝖾𝖿𝖿 𝖺𝗋𝖾 𝗈𝗇-𝗀𝗋𝗈𝗎𝗇𝖽 𝖺𝗍 𝖶𝖶𝖣𝖢, 𝗍𝗋𝖺𝖼𝗄𝗂𝗇𝗀 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝗆𝖾𝗇𝗍𝗌, 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝗆𝖾𝗇𝗍𝗌, 𝖺𝗇𝖽 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝖼𝗈𝗇𝗏𝖾𝗋𝗌𝖺𝗍𝗂𝗈𝗇𝗌 𝗂𝗇 𝗋𝖾𝖺𝗅 𝗍𝗂𝗆𝖾. 𝖮𝗎𝗋 𝖺𝗇𝖺𝗅𝗒𝗌𝗍𝗌 Tarun Pathak (@Tarunpathak) 𝖺𝗇𝖽 Jeff Fieldhack (@JeffFieldhack) 𝖺𝗋𝖾 𝗈𝗇-𝗀𝗋𝗈𝗎𝗇𝖽 𝖺𝗍 𝖶𝖶𝖣𝖢, 𝗍𝗋𝖺𝖼𝗄𝗂𝗇𝗀 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝗆𝖾𝗇𝗍𝗌, 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝗆𝖾𝗇𝗍𝗌, 𝖺𝗇𝖽 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝖼𝗈𝗇𝗏𝖾𝗋𝗌𝖺𝗍𝗂𝗈𝗇𝗌 𝗂𝗇 𝗋𝖾𝖺𝗅 𝗍𝗂𝗆𝖾. 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗣𝗥 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗙𝗼𝗿 𝗺𝗲𝗱𝗶𝗮 𝗶𝗻𝗾𝘂𝗶𝗿𝗶𝗲𝘀, 𝗲𝘅𝗽𝗲𝗿𝘁 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆, 𝗼𝗿 𝗼𝗻-𝗴𝗿𝗼𝘂𝗻𝗱 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗪𝗪𝗗𝗖 ‘𝟮𝟲, 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘁𝗼 𝘂𝘀 𝗮𝘁: press@counterpointresearch.com #𝖶𝖶𝖣𝖢 #𝖠𝗉𝗉𝗅𝖾 #𝖲𝗂𝗋𝗂 #𝗂𝖯𝗁𝗈𝗇𝖾 #𝖠𝗀𝖾𝗇𝗍𝗂𝖼𝖠𝖨

. @Huawei's Pura X Max success suggests consumers value wider displays that make content consumption more practical. The foldable market may have found its next winning form factor. This can also be good news for @Apple's new foldable, which may have a similar design. Read our detailed analysis here: counterpointresearch.com/en/… $AAPL

𝗚𝗼𝗼𝗴𝗹𝗲 𝗙𝘂𝗲𝗹𝘀 𝘂𝗽 𝗦𝗽𝗮𝗰𝗲𝗫’𝘀 𝗜𝗣𝗢 𝗥𝗼𝗰𝗸𝗲𝘁 @Google 𝗃𝗎𝗌𝗍 𝗂𝗇𝗄𝖾𝖽 𝖺 𝗆𝖺𝗃𝗈𝗋 𝖽𝖾𝖺𝗅 𝗐𝗂𝗍𝗁 @SpaceX 𝗐𝗈𝗋𝗍𝗁 𝗈𝗏𝖾𝗋 $𝟥𝟢 𝖻𝗂𝗅𝗅𝗂𝗈𝗇, 𝗇𝗈𝗍 𝖿𝗈𝗋 𝗋𝗈𝖼𝗄𝖾𝗍𝗌, 𝖻𝗎𝗍 𝖿𝗈𝗋 𝟣𝟣𝟢,𝟢𝟢𝟢 @nvidia 𝖦𝖯𝖴𝗌, 𝖺𝗍 $𝟫𝟤𝟢 𝗆𝗂𝗅𝗅𝗂𝗈𝗇 𝗉𝖾𝗋 𝗆𝗈𝗇𝗍𝗁, 𝗍𝗈 𝗄𝖾𝖾𝗉 𝗉𝖺𝖼𝖾 𝗐𝗂𝗍𝗁 𝗂𝗍𝗌 𝗈𝗐𝗇 𝖠𝖨 𝖽𝖾𝗆𝖺𝗇𝖽. 𝖦𝗈𝗈𝗀𝗅𝖾’𝗌 𝗐𝗁𝗈𝗅𝖾𝗌𝖺𝗅𝖾 𝖼𝗈𝗌𝗍 𝖿𝗋𝗈𝗆 𝖲𝗉𝖺𝖼𝖾𝖷 𝗐𝗈𝗋𝗄𝗌 𝗈𝗎𝗍 𝗍𝗈 𝖺𝗋𝗈𝗎𝗇𝖽 $𝟣𝟣.𝟦𝟧 𝗉𝖾𝗋 𝖦𝖯𝖴 𝗉𝖾𝗋 𝗁𝗈𝗎𝗋. 𝖳𝗁𝖾 𝗍𝗂𝗆𝗂𝗇𝗀 𝗈𝖿 𝗍𝗁𝗂𝗌 𝖽𝖾𝖺𝗅 𝖺𝗅𝗈𝗇𝗀𝗌𝗂𝖽𝖾 𝖺𝗇 𝖺𝗆𝖾𝗇𝖽𝗆𝖾𝗇𝗍 𝗍𝗈 𝖲𝗉𝖺𝖼𝖾𝖷’𝗌 𝖲-𝟣 𝗋𝖾𝗀𝗂𝗌𝗍𝗋𝖺𝗍𝗂𝗈𝗇 𝗂𝗌 𝖺 𝗀𝖾𝗇𝗂𝗎𝗌 𝗆𝗈𝗏𝖾 𝗍𝗈 𝖿𝗎𝖾𝗅 𝖲𝗉𝖺𝖼𝖾𝖷’𝗌 𝗌𝗍𝗈𝖼𝗄 𝗉𝗋𝗂𝖼𝖾 𝖺𝗁𝖾𝖺𝖽 𝗈𝖿 𝗍𝗁𝖾 𝖨𝖯𝖮. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:   • 𝖲𝗉𝖺𝖼𝖾𝖷 𝗌𝖾𝖼𝗎𝗋𝖾𝖽 𝖺𝗇 𝖾𝗌𝗍𝗂𝗆𝖺𝗍𝖾𝖽 $𝟥𝟣.𝟧 𝖻𝗂𝗅𝗅𝗂𝗈𝗇 𝖽𝖾𝖺𝗅 𝗐𝗂𝗍𝗁 𝖦𝗈𝗈𝗀𝗅𝖾 𝖿𝗈𝗋 𝖺𝖼𝖼𝖾𝗌𝗌 𝗍𝗈 𝗋𝗈𝗎𝗀𝗁𝗅𝗒 𝟣𝟣𝟢,𝟢𝟢𝟢 𝖭𝖵𝖨𝖣𝖨𝖠 𝖦𝖯𝖴𝗌 𝗈𝗏𝖾𝗋 𝟥𝟥 𝗆𝗈𝗇𝗍𝗁𝗌, 𝗌𝗍𝖺𝗋𝗍𝗂𝗇𝗀 𝗂𝗇 𝖮𝖼𝗍𝗈𝖻𝖾𝗋 𝟤𝟢𝟤𝟨, 𝖺𝗍 $𝟫𝟤𝟢 𝗆𝗂𝗅𝗅𝗂𝗈𝗇 𝗉𝖾𝗋 𝗆𝗈𝗇𝗍𝗁.   • 𝖦𝗈𝗈𝗀𝗅𝖾 𝗀𝖺𝗂𝗇𝗌 𝗂𝗆𝗆𝖾𝖽𝗂𝖺𝗍𝖾 𝖼𝗈𝗆𝗉𝗎𝗍𝖾 𝖿𝗈𝗋 𝖦𝖾𝗆𝗂𝗇𝗂, 𝖠𝖨 𝗌𝖾𝖺𝗋𝖼𝗁, 𝖺𝗇𝖽 𝖢𝗅𝗈𝗎𝖽 𝖼𝗎𝗌𝗍𝗈𝗆𝖾𝗋𝗌, 𝖻𝗒𝗉𝖺𝗌𝗌𝗂𝗇𝗀 𝗒𝖾𝖺𝗋𝗌-𝗅𝗈𝗇𝗀 𝖽𝖺𝗍𝖺 𝖼𝖾𝗇𝗍𝗋𝖾 𝖻𝗎𝗂𝗅𝖽𝗌 𝖺𝗇𝖽 𝗉𝗈𝗐𝖾𝗋 𝖼𝗈𝗇𝗌𝗍𝗋𝖺𝗂𝗇𝗍𝗌.   • 𝖳𝗁𝖾 𝗉𝖺𝗋𝗍𝗇𝖾𝗋𝗌𝗁𝗂𝗉 𝗅𝖾𝗍𝗌 𝖦𝗈𝗈𝗀𝗅𝖾 𝗋𝖾𝗌𝖾𝗅𝗅 𝖭𝖵𝖨𝖣𝖨𝖠 𝖢𝖴𝖣𝖠 𝖼𝖺𝗉𝖺𝖼𝗂𝗍𝗒 𝗍𝗈 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾𝗌 𝗐𝗁𝗂𝗅𝖾 𝗉𝗋𝗈𝗍𝖾𝖼𝗍𝗂𝗇𝗀 𝗂𝗍𝗌 𝖳𝖯𝖴 𝗌𝗎𝗉𝗉𝗅𝗒 𝖿𝗈𝗋 𝗂𝗇𝗍𝖾𝗋𝗇𝖺𝗅 𝗆𝗈𝖽𝖾𝗅𝗌.   • 𝖤𝖼𝗈𝗇𝗈𝗆𝗂𝖼𝗌 𝖽𝖾𝗅𝗂𝗏𝖾𝗋 𝖦𝗈𝗈𝗀𝗅𝖾 𝗌𝗍𝗋𝗈𝗇𝗀 𝗆𝖺𝗋𝗀𝗂𝗇𝗌; 𝖲𝗉𝖺𝖼𝖾𝖷 𝗅𝗈𝖼𝗄𝗌 𝗂𝗇 𝗁𝗂𝗀𝗁-𝗆𝖺𝗋𝗀𝗂𝗇 𝗋𝖾𝗏𝖾𝗇𝗎𝖾 𝗃𝗎𝗌𝗍 𝖻𝖾𝖿𝗈𝗋𝖾 𝖨𝖯𝖮, 𝗌𝗁𝗂𝖿𝗍𝗂𝗇𝗀 𝗂𝗍𝗌 𝗏𝖺𝗅𝗎𝖺𝗍𝗂𝗈𝗇 𝗇𝖺𝗋𝗋𝖺𝗍𝗂𝗏𝖾.   • 𝖡𝗈𝗍𝗁 𝗉𝖺𝗋𝗍𝗂𝖾𝗌 𝖻𝖾𝗇𝖾𝖿𝗂𝗍 𝖿𝗋𝗈𝗆 𝗌𝗒𝗆𝖻𝗂𝗈𝗍𝗂𝖼 𝖼𝗈-𝗈𝗉𝖾𝗍𝗂𝗍𝗂𝗈𝗇 𝗂𝗇 𝗍𝗁𝖾 𝖠𝖨 𝖻𝗎𝗂𝗅𝖽𝗈𝗎𝗍, 𝗐𝗂𝗍𝗁 𝖿𝗅𝖾𝗑𝗂𝖻𝗅𝖾 𝗍𝖾𝗋𝗆𝗂𝗇𝖺𝗍𝗂𝗈𝗇 𝖺𝖿𝗍𝖾𝗋 𝖣𝖾𝖼𝖾𝗆𝖻𝖾𝗋 𝟤𝟢𝟤𝟨. 𝗠𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 @neiltwitz 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #AI #SpaceX #Google #GoogleCloud #NVIDIA $SPCX $GOOG $GOOGL $NVDA

𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁’𝘀 𝗦𝗼𝗹𝗮𝗿𝗮 𝘀𝗶𝗴𝗻𝗮𝗹𝘀 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝗮𝗽𝗽-𝗯𝗮𝘀𝗲𝗱 𝗨𝗜𝘀 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗔𝗴𝗲𝗻𝘁𝗶𝗰 𝗔𝗜 𝖬𝗂𝖼𝗋𝗈𝗌𝗈𝖿𝗍 (@Microsoft) 𝗁𝖺𝗌 𝗂𝗇𝗍𝗋𝗈𝖽𝗎𝖼𝖾𝖽 𝗍𝗐𝗈 𝗇𝖾𝗐 𝗋𝖾𝖿𝖾𝗋𝖾𝗇𝖼𝖾 𝖽𝖾𝗏𝗂𝖼𝖾𝗌 𝗎𝗇𝖽𝖾𝗋 𝖯𝗋𝗈𝗃𝖾𝖼𝗍 𝖲𝗈𝗅𝖺𝗋𝖺, 𝗍𝗈 𝖽𝖾𝗆𝗈𝗇𝗌𝗍𝗋𝖺𝗍𝖾 𝗁𝗈𝗐 𝖠𝖨-𝗇𝖺𝗍𝗂𝗏𝖾 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾 𝗁𝖺𝗋𝖽𝗐𝖺𝗋𝖾 𝖼𝖺𝗇 𝗌𝗍𝗋𝖾𝖺𝗆𝗅𝗂𝗇𝖾 𝗐𝗈𝗋𝗄𝖿𝗅𝗈𝗐𝗌. • 𝖠 𝖬𝖾𝖽𝗂𝖺𝖳𝖾𝗄 (@MediaTek) -𝗉𝗈𝗐𝖾𝗋𝖾𝖽 𝗌𝗆𝖺𝗋𝗍 𝖽𝗂𝗌𝗉𝗅𝖺𝗒 𝖽𝖾𝗌𝗂𝗀𝗇𝖾𝖽 𝖺𝗌 𝖺 𝗉𝖾𝗋𝗌𝗂𝗌𝗍𝖾𝗇𝗍 𝖠𝖨 𝖼𝗈𝗆𝗉𝖺𝗇𝗂𝗈𝗇 𝖿𝗈𝗋 𝗈𝖿𝖿𝗂𝖼𝖾 𝖾𝗇𝗏𝗂𝗋𝗈𝗇𝗆𝖾𝗇𝗍𝗌, 𝖾𝗇𝖺𝖻𝗅𝗂𝗇𝗀 𝖼𝗈𝗇𝗍𝖾𝗑𝗍-𝖺𝗐𝖺𝗋𝖾 𝖺𝗌𝗌𝗂𝗌𝗍𝖺𝗇𝖼𝖾, 𝖿𝖺𝖼𝗂𝖺𝗅 𝗋𝖾𝖼𝗈𝗀𝗇𝗂𝗍𝗂𝗈𝗇, 𝖺𝗇𝖽 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾-𝗀𝗋𝖺𝖽𝖾 𝗌𝖾𝖼𝗎𝗋𝗂𝗍𝗒 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖢𝗈𝗉𝗂𝗅𝗈𝗍 𝖺𝗀𝖾𝗇𝗍𝗌. • 𝖠 𝖰𝗎𝖺𝗅𝖼𝗈𝗆𝗆 (@Qualcomm)-𝗉𝗈𝗐𝖾𝗋𝖾𝖽 𝖠𝖨 𝖲𝗆𝖺𝗋𝗍 𝖡𝖺𝖽𝗀𝖾 𝖿𝗈𝗋 𝖿𝗋𝗈𝗇𝗍𝗅𝗂𝗇𝖾 𝗐𝗈𝗋𝗄𝖾𝗋𝗌, 𝗈𝖿𝖿𝖾𝗋𝗂𝗇𝗀 𝗁𝖺𝗇𝖽𝗌-𝖿𝗋𝖾𝖾, 𝗋𝖾𝖺𝗅-𝗍𝗂𝗆𝖾 𝖠𝖨 𝖺𝗌𝗌𝗂𝗌𝗍𝖺𝗇𝖼𝖾 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝗏𝗈𝗂𝖼𝖾, 𝗌𝖾𝗇𝗌𝗈𝗋𝗌, 𝖺𝗇𝖽 𝖼𝗈𝗇𝗍𝖾𝗑𝗍𝗎𝖺𝗅 𝖺𝗐𝖺𝗋𝖾𝗇𝖾𝗌𝗌 𝖺𝖼𝗋𝗈𝗌𝗌 𝗁𝖾𝖺𝗅𝗍𝗁𝖼𝖺𝗋𝖾, 𝗋𝖾𝗍𝖺𝗂𝗅, 𝖺𝗇𝖽 𝖿𝗂𝖾𝗅𝖽 𝗌𝖾𝗋𝗏𝗂𝖼𝖾𝗌. 𝖳𝗁𝖾 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗒 𝗂𝗌 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋𝗅𝗒 𝗋𝖾𝗅𝖾𝗏𝖺𝗇𝗍 𝖿𝗈𝗋 𝖾𝗇𝗏𝗂𝗋𝗈𝗇𝗆𝖾𝗇𝗍𝗌 𝗐𝗁𝖾𝗋𝖾 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾𝗌 𝖺𝗋𝖾 𝗋𝖾𝗌𝗍𝗋𝗂𝖼𝗍𝖾𝖽 𝗈𝗋 𝗂𝗆𝗉𝗋𝖺𝖼𝗍𝗂𝖼𝖺𝗅, 𝗂𝗇𝖼𝗅𝗎𝖽𝗂𝗇𝗀 𝖿𝖺𝖼𝗍𝗈𝗋𝗂𝖾𝗌, 𝗐𝖺𝗋𝖾𝗁𝗈𝗎𝗌𝖾𝗌, 𝗁𝖾𝖺𝗅𝗍𝗁𝖼𝖺𝗋𝖾 𝖿𝖺𝖼𝗂𝗅𝗂𝗍𝗂𝖾𝗌, 𝖺𝗇𝖽 𝖼𝗋𝗂𝗍𝗂𝖼𝖺𝗅 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾 𝗌𝗂𝗍𝖾𝗌, 𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇𝗂𝗇𝗀 𝖲𝗈𝗅𝖺𝗋𝖺 𝖺𝗌 𝖺 𝖼𝗈𝗆𝗉𝗅𝖾𝗆𝖾𝗇𝗍𝖺𝗋𝗒 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾 𝖠𝖨 𝖽𝖾𝗏𝗂𝖼𝖾 𝗋𝖺𝗍𝗁𝖾𝗋 𝗍𝗁𝖺𝗇 𝖺 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝗋𝖾𝗉𝗅𝖺𝖼𝖾𝗆𝖾𝗇𝗍. 𝖳𝗈 𝗋𝖾𝖺𝖽 𝗆𝗈𝗋𝖾 𝖺𝖻𝗈𝗎𝗍 𝖲𝗈𝗅𝖺𝗋𝖺, 𝗏𝗂𝗌𝗂𝗍: counterpointresearch.com/en/… #𝖬𝗂𝖼𝗋𝗈𝗌𝗈𝖿𝗍 #𝖲𝗈𝗅𝖺𝗋𝖺 #𝖰𝗎𝖺𝗅𝖼𝗈𝗆𝗆 #𝖬𝖾𝖽𝗂𝖺𝖳𝖾𝗄 #𝖢𝗈𝖯𝗂𝗅𝗈𝗍

𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗶𝘀 𝗵𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗼 𝗔𝗽𝗽𝗹𝗲 𝗪𝗪𝗗𝗖 𝟮𝟬𝟮𝟲 𝖠𝗉𝗉𝗅𝖾’𝗌 𝖶𝗈𝗋𝗅𝖽𝗐𝗂𝖽𝖾 𝖣𝖾𝗏𝖾𝗅𝗈𝗉𝖾𝗋𝗌 𝖢𝗈𝗇𝖿𝖾𝗋𝖾𝗇𝖼𝖾 𝟤𝟢𝟤𝟨 𝗄𝗂𝖼𝗄𝗌 𝗈𝖿𝖿 𝗍𝗁𝗂𝗌 𝖬𝗈𝗇𝖽𝖺𝗒, 𝖺𝗇𝖽 𝖾𝗑𝗉𝖾𝖼𝗍𝖺𝗍𝗂𝗈𝗇𝗌 𝖺𝗋𝖾 𝗁𝗂𝗀𝗁 𝖺𝗋𝗈𝗎𝗇𝖽 𝗍𝗁𝖾 𝗇𝖾𝗑𝗍 𝗉𝗁𝖺𝗌𝖾 𝗈𝖿 𝖠𝗉𝗉𝗅𝖾 𝖨𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝖼𝖾, 𝖠𝖨-𝗉𝗈𝗐𝖾𝗋𝖾𝖽 𝖲𝗂𝗋𝗂 𝖾𝗑𝗉𝖾𝗋𝗂𝖾𝗇𝖼𝖾𝗌. 𝖮𝗎𝗋 𝖺𝗇𝖺𝗅𝗒𝗌𝗍𝗌 𝗐𝗂𝗅𝗅 𝖻𝖾 𝗈𝗇 𝗀𝗋𝗈𝗎𝗇𝖽, 𝗍𝗋𝖺𝖼𝗄𝗂𝗇𝗀 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝗆𝖾𝗇𝗍𝗌, 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒 𝖼𝗈𝗇𝗏𝖾𝗋𝗌𝖺𝗍𝗂𝗈𝗇𝗌, 𝖺𝗇𝖽 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝗆𝖾𝗇𝗍𝗌 𝖿𝗂𝗋𝗌𝗍𝗁𝖺𝗇𝖽. 𝖧𝖺𝗏𝗂𝗇𝗀 𝖼𝗅𝗈𝗌𝖾𝗅𝗒 𝗍𝗋𝖺𝖼𝗄𝖾𝖽 𝖠𝗉𝗉𝗅𝖾’𝗌 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗒 𝖺𝖼𝗋𝗈𝗌𝗌 𝖠𝖨, 𝗉𝗋𝖾𝗆𝗂𝗎𝗆 𝖽𝖾𝗏𝗂𝖼𝖾𝗌, 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝖾𝗑𝗉𝖺𝗇𝗌𝗂𝗈𝗇, 𝖺𝗇𝖽 𝗌𝗎𝗉𝗉𝗅𝗒 𝖼𝗁𝖺𝗂𝗇 𝗍𝗋𝖾𝗇𝖽𝗌 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝗈𝗎𝗋 𝗈𝗇𝗀𝗈𝗂𝗇𝗀 𝗋𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖺𝗇𝖽 𝗆𝖺𝗋𝗄𝖾𝗍 𝖺𝗇𝖺𝗅𝗒𝗌𝗂𝗌, 𝗈𝗎𝗋 𝗍𝖾𝖺𝗆 𝖻𝗋𝗂𝗇𝗀𝗌 𝖽𝖾𝖾𝗉 𝗉𝖾𝗋𝗌𝗉𝖾𝖼𝗍𝗂𝗏𝖾 𝗂𝗇𝗍𝗈 𝗐𝗁𝖺𝗍 𝗍𝗁𝖾𝗌𝖾 𝗎𝗉𝖽𝖺𝗍𝖾𝗌 𝖼𝗈𝗎𝗅𝖽 𝗆𝖾𝖺𝗇 𝖿𝗈𝗋 𝗍𝗁𝖾 𝖻𝗋𝗈𝖺𝖽𝖾𝗋 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒. 𝗠𝗲𝗲𝘁 𝗼𝘂𝗿 𝗲𝘅𝗽𝗲𝗿𝘁𝘀 𝗮𝘁 𝗪𝗪𝗗𝗖 𝟮𝟬𝟮𝟲: • Tarun Pathak (@Tarunpathak) – 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝖣𝗂𝗋𝖾𝖼𝗍𝗈𝗋 • Jeff Fieldhack (@JeffFieldhack) – 𝖦𝖾𝗇𝖾𝗋𝖺𝗅 𝖬𝖺𝗇𝖺𝗀𝖾𝗋 𝖥𝗈𝗋 𝗂𝗇𝗌𝗂𝗀𝗁𝗍𝗌 𝗈𝗇 𝖠𝗉𝗉𝗅𝖾, 𝖠𝖨, 𝖽𝖾𝗏𝗂𝖼𝖾𝗌, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝖾𝗏𝗈𝗅𝗏𝗂𝗇𝗀 𝖾𝖼𝗈𝗌𝗒𝗌𝗍𝖾𝗆 𝗅𝖺𝗇𝖽𝗌𝖼𝖺𝗉𝖾, 𝖼𝗈𝗇𝗇𝖾𝖼𝗍 𝗐𝗂𝗍𝗁 𝗎𝗌 𝖽𝗎𝗋𝗂𝗇𝗀 𝗍𝗁𝖾 𝖾𝗏𝖾𝗇𝗍. 𝗙𝗼𝗿 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗶𝗻𝗾𝘂𝗶𝗿𝗶𝗲𝘀, 𝗿𝗲𝗮𝗰𝗵 𝘂𝘀 𝗮𝘁: 𝗉𝗋𝖾𝗌𝗌@𝖼𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍𝗋𝖾𝗌𝖾𝖺𝗋𝖼𝗁.𝖼𝗈𝗆 𝗧𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗿𝗲𝗽𝗼𝗿𝘁 𝗼𝗻 𝗔𝗽𝗽𝗹𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲 𝗯𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 (𝗩𝗼𝗹𝘂𝗺𝗲 & 𝗥𝗲𝘃𝗲𝗻𝘂𝗲): counterpointresearch.com/en/… #𝖶𝖶𝖣𝖢𝟤𝟢𝟤𝟨 #𝖠𝗉𝗉𝗅𝖾 #𝖠𝗉𝗉𝗅𝖾𝖨𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝖼𝖾 #𝖲𝗂𝗋𝗂 #𝖠𝖨 #𝗂𝖯𝗁𝗈𝗇𝖾 #𝖢𝗈𝗇𝗌𝗎𝗆𝖾𝗋𝖳𝖾𝖼𝗁 #𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁

𝗡𝗔𝗡𝗗 𝗺𝗲𝗺𝗼𝗿𝘆 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗺𝗶𝗿𝗿𝗼𝗿𝘀 𝘁𝗵𝗲 𝗱𝗿𝗮𝗺𝗮𝘁𝗶𝗰 𝗗𝗥𝗔𝗠 𝗴𝗿𝗼𝘄𝘁𝗵 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗮 𝗺𝗮𝘀𝘀𝗶𝘃𝗲 $𝟰𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗤𝟭 𝟮𝟬𝟮𝟲. 𝖠𝗋𝗍𝗂𝖿𝗂𝖼𝗂𝖺𝗅 𝗂𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝖼𝖾 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾 𝗋𝗈𝗅𝗅 𝗈𝗎𝗍 𝖺𝗇𝖽 𝗆𝗈𝗏𝖾 𝗍𝗈 𝖠𝗀𝖾𝗇𝗍𝗂𝖼 𝖠𝖨 𝖽𝗋𝗂𝗏𝖾𝗌 𝗍𝗁𝖾 𝗀𝗋𝗈𝗐𝗍𝗁 𝖾𝗇𝗀𝗂𝗇𝖾 𝗈𝖿 𝖰𝟣 𝟤𝟢𝟤𝟨 𝖭𝖠𝖭𝖣 𝗋𝖾𝗏𝖾𝗇𝗎𝖾𝗌 𝗐𝗁𝗂𝖼𝗁 𝗐𝖺𝗌 𝗀𝗋𝖾𝖺𝗍𝖾𝗋 𝗍𝗁𝖺𝗇 𝗍𝗁𝖾 𝖿𝗎𝗅𝗅 𝗒𝖾𝖺𝗋 𝟤𝟢𝟤𝟥 𝗋𝖾𝗏𝖾𝗇𝗎𝖾𝗌. 𝗔 𝗳𝗲𝘄 𝗻𝗼𝘁𝗮𝗯𝗹𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀: • 𝖲𝖾𝗋𝗏𝖾𝗋-𝗈𝗋𝗂𝖾𝗇𝗍𝖾𝖽 𝖾𝗇𝗍𝖾𝗋𝗉𝗋𝗂𝗌𝖾 𝖲𝖲𝖣𝗌 (𝖾𝖲𝖲𝖣𝗌) 𝖺𝖼𝖼𝗈𝗎𝗇𝗍𝖾𝖽 𝖿𝗈𝗋 𝟦𝟥% 𝗈𝖿 𝗍𝗁𝖾 𝗍𝗈𝗍𝖺𝗅 𝖭𝖠𝖭𝖣 𝗆𝖺𝗋𝗄𝖾𝗍 𝗂𝗇 𝖰𝟣 𝟤𝟢𝟤𝟨 𝖺𝗇𝖽 𝖺𝗋𝖾 𝗉𝗋𝗈𝗃𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝖼𝗋𝗈𝗌𝗌 𝟨𝟢% 𝖻𝗒 𝗍𝗁𝖾 𝖾𝗇𝖽 𝗈𝖿 𝗍𝗁𝖾 𝗒𝖾𝖺𝗋. • Samsung (@Samsung) 𝖼𝗈𝗆𝖿𝗈𝗋𝗍𝖺𝖻𝗅𝗒 𝗆𝖺𝗂𝗇𝗍𝖺𝗂𝗇𝖾𝖽 𝗂𝗍𝗌 𝗇𝗎𝗆𝖻𝖾𝗋-𝗈𝗇𝖾 𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇, 𝖼𝖺𝗉𝗍𝗎𝗋𝗂𝗇𝗀 𝖺 𝟤𝟫% 𝗆𝖺𝗋𝗄𝖾𝗍 𝗌𝗁𝖺𝗋𝖾 𝗐𝗂𝗍𝗁 KIOXIA (@KIOXIAAmerica), Micron (@MicronTech), Sandisk(@SanDisk) 𝖺𝗇𝖽 𝖸𝖬𝖳𝖢 𝖿𝗂𝖾𝗋𝖼𝖾𝗅𝗒 𝖿𝗂𝗀𝗁𝗍𝗂𝗇𝗀 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗍𝗁𝗂𝗋𝖽 𝗌𝗉𝗈𝗍 𝗐𝗂𝗍𝗁 𝗌𝗈𝗅𝗂𝖽 𝖽𝖾𝗆𝖺𝗇𝖽 𝖺𝗅𝗅 𝖺𝖼𝗋𝗈𝗌𝗌. • 𝖸𝖬𝖳𝖢, 𝖽𝗋𝗂𝗏𝖾𝗇 𝖻𝗒 𝖽𝖾𝗆𝖺𝗇𝖽 𝖿𝗋𝗈𝗆 𝖽𝗈𝗆𝖾𝗌𝗍𝗂𝖼 𝖢𝗁𝗂𝗇𝖾𝗌𝖾 𝗆𝖺𝗇𝗎𝖿𝖺𝖼𝗍𝗎𝗋𝖾𝗋𝗌, 𝗀𝗋𝖾𝗐 𝖺𝗅𝗆𝗈𝗌𝗍 𝟦𝟦𝟧% 𝖺𝗇𝗇𝗎𝖺𝗅𝗅𝗒 𝖺𝗌 𝗂𝗍𝗌 𝗆𝖺𝗋𝗄𝖾𝗍 𝗌𝗁𝖺𝗋𝖾 𝗋𝗈𝗌𝖾 𝖿𝗋𝗈𝗆 𝟪% 𝖺 𝗒𝖾𝖺𝗋 𝖺𝗀𝗈 𝗍𝗈 𝟣𝟥% 𝗍𝗁𝗂𝗌 𝗊𝗎𝖺𝗋𝗍𝖾𝗋. 𝗧𝗼 𝗸𝗻𝗼𝘄 𝗺𝗼𝗿𝗲, 𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗣𝗥 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗔𝗡𝗗 𝗠𝗲𝗺𝗼𝗿𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲: 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #𝖭𝖠𝖭𝖣𝖥𝗅𝖺𝗌𝗁 #𝖲𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋𝗌 #𝖣𝖺𝗍𝖺𝖢𝖾𝗇𝗍𝖾𝗋𝗌 #𝖠𝗋𝗍𝗂𝖿𝗂𝖼𝗂𝖺𝗅𝖨𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝖼𝖾 #𝖬𝖾𝗆𝗈𝗋𝗒𝖬𝖺𝗋𝗄𝖾𝗍

𝗜𝘀 𝗔𝗜 𝗥𝗲𝗱𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀? 𝘈𝘐-𝘱𝘰𝘸𝘦𝘳𝘦𝘥 𝘭𝘰𝘤𝘢𝘵𝘪𝘰𝘯 𝘪𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘪𝘴 𝘳𝘢𝘱𝘪𝘥𝘭𝘺 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘪𝘯𝘨 𝘮𝘢𝘱𝘱𝘪𝘯𝘨 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘧𝘳𝘰𝘮 𝘯𝘢𝘷𝘪𝘨𝘢𝘵𝘪𝘰𝘯 𝘵𝘰𝘰𝘭𝘴 𝘪𝘯𝘵𝘰 𝘳𝘦𝘢𝘭-𝘵𝘪𝘮𝘦 𝘤𝘰𝘯𝘵𝘦𝘹𝘵𝘶𝘢𝘭 𝘪𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘦𝘯𝘨𝘪𝘯𝘦𝘴 𝘧𝘰𝘳 𝘮𝘰𝘣𝘪𝘭𝘪𝘵𝘺, 𝘦𝘯𝘵𝘦𝘳𝘱𝘳𝘪𝘴𝘦, 𝘳𝘰𝘣𝘰𝘵𝘪𝘤𝘴 𝘢𝘯𝘥 𝘢𝘨𝘦𝘯𝘵𝘪𝘤 𝘈𝘐 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴. 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲, 𝗖𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗼𝗶𝗻𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗜𝗻𝗱𝗲𝘅 𝟮𝟬𝟮𝟲 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀- • HERE (@here) 𝘳𝘦𝘵𝘢𝘪𝘯𝘴 𝘪𝘵𝘴 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘯𝘪𝘯𝘵𝘩 𝘤𝘰𝘯𝘴𝘦𝘤𝘶𝘵𝘪𝘷𝘦 𝘺𝘦𝘢𝘳. •TomTom (@TomTom) 𝘫𝘰𝘪𝘯𝘴 𝘏𝘌𝘙𝘌 𝘪𝘯 𝘵𝘩𝘦 “𝘓𝘦𝘢𝘥𝘦𝘳𝘴 & 𝘗𝘢𝘤𝘦𝘴𝘦𝘵𝘵𝘦𝘳𝘴” 𝘤𝘢𝘵𝘦𝘨𝘰𝘳𝘺 𝘢𝘭𝘰𝘯𝘨𝘴𝘪𝘥𝘦 𝘎𝘰𝘰𝘨𝘭𝘦 𝘢𝘯𝘥 𝘔𝘢𝘱𝘣𝘰𝘹. • 𝘈𝘐 𝘪𝘯𝘵𝘦𝘨𝘳𝘢𝘵𝘪𝘰𝘯, 𝘳𝘦𝘢𝘭-𝘵𝘪𝘮𝘦 𝘥𝘢𝘵𝘢 𝘰𝘳𝘤𝘩𝘦𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘴𝘰𝘧𝘵𝘸𝘢𝘳𝘦-𝘥𝘦𝘧𝘪𝘯𝘦𝘥 𝘷𝘦𝘩𝘪𝘤𝘭𝘦 𝘦𝘯𝘢𝘣𝘭𝘦𝘮𝘦𝘯𝘵 𝘢𝘳𝘦 𝘣𝘦𝘤𝘰𝘮𝘪𝘯𝘨 𝘬𝘦𝘺 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘷𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵𝘪𝘢𝘵𝘰𝘳𝘴. • Baidu, Inc. (@Baidu_Inc) 𝘢𝘯𝘥 𝘈𝘮𝘢𝘱 𝘦𝘮𝘦𝘳𝘨𝘦 𝘢𝘴 𝘴𝘵𝘳𝘰𝘯𝘨 “𝘊𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘳𝘴” 𝘸𝘪𝘵𝘩 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘪𝘯𝘧𝘭𝘶𝘦𝘯𝘤𝘦 𝘢𝘤𝘳𝘰𝘴𝘴 𝘊𝘩𝘪𝘯𝘢’𝘴 𝘮𝘰𝘣𝘪𝘭𝘪𝘵𝘺 𝘦𝘤𝘰𝘴𝘺𝘴𝘵𝘦𝘮. 𝗧𝗵𝗶𝘀 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲 𝗶𝗻 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗼𝘀𝘁 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗜𝗻𝗱𝗲𝘅 𝟮𝟬𝟮𝟲 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #𝘓𝘰𝘤𝘢𝘵𝘪𝘰𝘯𝘗𝘭𝘢𝘵𝘧𝘰𝘳𝘮 #𝘚𝘋𝘝 #𝘔𝘰𝘣𝘪𝘭𝘪𝘵𝘺 #𝘔𝘢𝘱𝘱𝘪𝘯𝘨𝘗𝘭𝘢𝘵𝘧𝘰𝘳𝘮

𝗜𝘀 𝗔𝗽𝗽𝗹𝗲 𝗘𝗻𝘁𝗲𝗿𝗶𝗻𝗴 𝗜𝘁𝘀 𝗖𝗵𝗶𝗽𝗹𝗲𝘁 𝗘𝗿𝗮? 𝗜𝗻𝘀𝗶𝗱𝗲 𝘁𝗵𝗲 𝗠𝟱 𝗣𝗿𝗼 @Apple's 𝖬𝟧 𝖯𝗋𝗈 𝗆𝖺𝗋𝗄𝗌 𝖺 𝗆𝖺𝗃𝗈𝗋 𝗌𝗁𝗂𝖿𝗍 𝗂𝗇 𝖠𝗉𝗉𝗅𝖾 𝖲𝗂𝗅𝗂𝖼𝗈𝗇 𝖽𝖾𝗌𝗂𝗀𝗇, 𝗂𝗇𝗍𝗋𝗈𝖽𝗎𝖼𝗂𝗇𝗀 𝗂𝗍𝗌 𝖿𝗂𝗋𝗌𝗍 𝖯𝗋𝗈-𝗌𝖾𝗋𝗂𝖾𝗌 𝖽𝗎𝖺𝗅-𝖽𝗂𝖾 𝖺𝗋𝖼𝗁𝗂𝗍𝖾𝖼𝗍𝗎𝗋𝖾 𝖺𝗇𝖽 𝗌𝗂𝗀𝗇𝖺𝗅𝗅𝗂𝗇𝗀 𝗍𝗁𝖾 𝗌𝗍𝖺𝗋𝗍 𝗈𝖿 𝖠𝗉𝗉𝗅𝖾’𝗌 𝖼𝗁𝗂𝗉𝗅𝖾𝗍 𝖾𝗋𝖺. 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝘁𝗲𝗮𝗿𝗱𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀: • 𝖠𝗉𝗉𝗅𝖾 𝗌𝖾𝗉𝖺𝗋𝖺𝗍𝖾𝗌 𝖢𝖯𝖴 𝖺𝗇𝖽 𝖦𝖯𝖴 𝖽𝗂𝖾𝗌 𝖿𝗈𝗋 𝗌𝖼𝖺𝗅𝖺𝖻𝗂𝗅𝗂𝗍𝗒, 𝖻𝗂𝗇𝗇𝗂𝗇𝗀 𝖿𝗅𝖾𝗑𝗂𝖻𝗂𝗅𝗂𝗍𝗒, 𝖺𝗇𝖽 𝗂𝗆𝗉𝗋𝗈𝗏𝖾𝖽 𝗍𝗁𝖾𝗋𝗆𝖺𝗅 𝖾𝖿𝖿𝗂𝖼𝗂𝖾𝗇𝖼𝗒 • 𝖬𝖺𝗂𝗇𝗍𝖺𝗂𝗇𝗌 𝖴𝗇𝗂𝖿𝗂𝖾𝖽 𝖬𝖾𝗆𝗈𝗋𝗒 𝖺𝖼𝗋𝗈𝗌𝗌 𝖻𝗈𝗍𝗁 𝖽𝗂𝖾𝗌, 𝗌𝗈 𝗍𝗁𝖾 𝗌𝗒𝗌𝗍𝖾𝗆 𝗈𝗉𝖾𝗋𝖺𝗍𝖾𝗌 𝖺𝗌 𝖺 𝗌𝗂𝗇𝗀𝗅𝖾 𝖼𝗁𝗂𝗉, 𝗐𝗁𝗂𝖼𝗁 𝗂𝗌 𝖺 𝗄𝖾𝗒 𝖽𝗂𝖿𝖿𝖾𝗋𝖾𝗇𝖼𝖾 𝖼𝗈𝗆𝗉𝖺𝗋𝖾𝖽 𝗍𝗈 𝖠𝖬𝖣 𝖺𝗇𝖽 𝖨𝗇𝗍𝖾𝗅 𝖼𝗁𝗂𝗉𝗅𝖾𝗍 𝖽𝖾𝗌𝗂𝗀𝗇𝗌. • 𝖦𝖯𝖴 𝖠𝖨 𝗍𝗁𝗋𝗈𝗎𝗀𝗁𝗉𝗎𝗍 𝗋𝖾𝖺𝖼𝗁𝗂𝗇𝗀 𝟦 𝗍𝗂𝗆𝖾𝗌 𝗁𝗂𝗀𝗁𝖾𝗋 𝗍𝗁𝖺𝗇 𝖬𝟦 𝖯𝗋𝗈 • 𝖧𝗂𝗀𝗁𝖾𝗌𝗍 𝗆𝖾𝗆𝗈𝗋𝗒 𝖻𝖺𝗇𝖽𝗐𝗂𝖽𝗍𝗁 𝖾𝗏𝖾𝗋 𝗂𝗇 𝖺𝗇 𝖠𝗉𝗉𝗅𝖾 𝖯𝗋𝗈-𝗍𝗂𝖾𝗋 𝖲𝗈𝖢 (𝟥𝟢𝟩 𝖦𝖡/𝗌 𝖻𝖺𝗇𝖽𝗐𝗂𝖽𝗍𝗁 𝖺𝗇𝖽 𝗎𝗉 𝗍𝗈 𝟨𝟦 𝖦𝖡 𝗎𝗇𝗂𝖿𝗂𝖾𝖽 𝗆𝖾𝗆𝗈𝗋𝗒) 𝖮𝗎𝗋 𝗍𝖾𝖺𝗋𝖽𝗈𝗐𝗇 𝖺𝗅𝗌𝗈 𝖼𝗈𝗏𝖾𝗋𝗌 𝗍𝗁𝖾 𝖬𝖺𝖼𝖡𝗈𝗈𝗄 𝖯𝗋𝗈’𝗌 𝖽𝖾𝗏𝗂𝖼𝖾 𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾, 𝖯𝖢𝖡 𝖽𝖾𝗌𝗂𝗀𝗇, 𝗁𝖾𝖺𝗍 𝖽𝗂𝗌𝗌𝗂𝗉𝖺𝗍𝗂𝗈𝗇 𝗌𝗒𝗌𝗍𝖾𝗆, 𝗍𝗁𝖾 𝖬𝟧 𝖯𝗋𝗈 𝖼𝗁𝗂𝗉 𝗂𝗍𝗌𝖾𝗅𝖿, 𝗂𝗍𝗌 𝗉𝖺𝖼𝗄𝖺𝗀𝗂𝗇𝗀 𝖺𝗇𝖽 𝗎𝗇𝗂𝖿𝗂𝖾𝖽 𝗆𝖾𝗆𝗈𝗋𝗒 𝖺𝗋𝖼𝗁𝗂𝗍𝖾𝖼𝗍𝗎𝗋𝖾 𝖺𝗇𝖺𝗅𝗒𝗌𝗂𝗌. 𝗙𝗼𝗿 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝘃𝗶𝗲𝘄, 𝗰𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… #𝖠𝗉𝗉𝗅𝖾 #𝖬𝟧𝖯𝗋𝗈 #𝖦𝖯𝖴𝗌 #𝖬𝖺𝖼𝖡𝗈𝗈𝗄𝖯𝗋𝗈

𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝘄𝗵𝗲𝗻 𝗔𝗜 𝗺𝗼𝘃𝗲𝘀 𝗯𝗲𝘆𝗼𝗻𝗱 𝘀𝗰𝗿𝗲𝗲𝗻𝘀 𝗮𝗻𝗱 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝘄𝗼𝗿𝗹𝗱? 𝖨𝗇 𝗁𝗂𝗌 𝗅𝖺𝗍𝖾𝗌𝗍 𝗂𝗇𝗍𝖾𝗋𝗏𝗂𝖾𝗐 𝗐𝗂𝗍𝗁 @CNBC's 𝖲𝗊𝗎𝖺𝗐𝗄 𝖡𝗈𝗑 𝖠𝗌𝗂𝖺 𝗐𝗂𝗍𝗁 Chery Kang (@cherykang) 𝖺𝗇𝖽 Amanda Drury (@MandyCNBC), 𝗈𝗎𝗋 𝖵𝗂𝖼𝖾 𝖯𝗋𝖾𝗌𝗂𝖽𝖾𝗇𝗍 𝗈𝖿 𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁 Neil Shah (@neiltwitz) 𝖾𝗑𝗉𝗅𝗈𝗋𝖾𝗌 𝗁𝗈𝗐 𝖾𝗆𝖻𝗈𝖽𝗂𝖾𝖽 𝖠𝖨, 𝗅𝗒𝗂𝗇𝗀 𝖺𝗍 𝗍𝗁𝖾 𝗂𝗇𝗍𝖾𝗋𝗌𝖾𝖼𝗍𝗂𝗈𝗇 𝗈𝖿 𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅 𝖺𝗇𝖽 𝖠𝗀𝖾𝗇𝗍𝗂𝖼 𝖠𝖨, 𝗂𝗌 𝖻𝖾𝖼𝗈𝗆𝗂𝗇𝗀 𝗈𝗇𝖾 𝗈𝖿 𝗍𝗁𝖾 𝗂𝗇𝖽𝗎𝗌𝗍𝗋𝗒’𝗌 𝗆𝗈𝗌𝗍 𝗂𝗆𝗉𝗈𝗋𝗍𝖺𝗇𝗍 𝖿𝗋𝗈𝗇𝗍𝗂𝖾𝗋𝗌. 𝗧𝗵𝗲 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻 𝗱𝗶𝘃𝗲𝘀 𝗶𝗻𝘁𝗼: • 𝖠𝖨 𝗍𝗋𝖺𝗇𝗌𝗂𝗍𝗂𝗈𝗇𝗂𝗇𝗀 𝖿𝗋𝗈𝗆 𝖽𝗂𝗀𝗂𝗍𝖺𝗅 𝖺𝗌𝗌𝗂𝗌𝗍𝖺𝗇𝗍𝗌 𝗍𝗈 𝗂𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝗍 𝗉𝗁𝗒𝗌𝗂𝖼𝖺𝗅 𝗌𝗒𝗌𝗍𝖾𝗆𝗌 𝗂𝗇𝗍𝖾𝗋𝖺𝖼𝗍𝗂𝗇𝗀 𝗐𝗂𝗍𝗁 𝗍𝗁𝖾 𝗋𝖾𝖺𝗅 𝗐𝗈𝗋𝗅𝖽 • 𝖲𝗈𝗎𝗍𝗁 𝖪𝗈𝗋𝖾𝖺 𝖾𝗆𝖾𝗋𝗀𝗂𝗇𝗀 𝖺𝗌 𝖺 𝗌𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖼 𝗁𝗎𝖻 𝖿𝗈𝗋 𝗌𝗈𝗏𝖾𝗋𝖾𝗂𝗀𝗇 𝖠𝖨 𝖺𝗇𝖽 𝗉𝗋𝗈𝗍𝖾𝖼𝗍𝖾𝖽 𝗇𝖺𝗍𝗂𝗈𝗇𝖺𝗅 𝖠𝖨 𝗂𝗇𝖿𝗋𝖺𝗌𝗍𝗋𝗎𝖼𝗍𝗎𝗋𝖾 • 𝖭𝖵𝖨𝖣𝖨𝖠’𝗌 𝖾𝗑𝗉𝖺𝗇𝖽𝗂𝗇𝗀 𝗂𝗇𝖿𝗅𝗎𝖾𝗇𝖼𝖾 𝗂𝗇 𝖾𝗇𝖺𝖻𝗅𝗂𝗇𝗀 𝗌𝗈𝗏𝖾𝗋𝖾𝗂𝗀𝗇 𝖠𝖨 𝖺𝗆𝖻𝗂𝗍𝗂𝗈𝗇𝗌 𝗀𝗅𝗈𝖻𝖺𝗅𝗅𝗒 𝗪𝗮𝘁𝗰𝗵 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻 𝗵𝗲𝗿𝗲: youtube.com/watch?v=XjCkXnU0… #𝖭𝖵𝖨𝖣𝖨𝖠 #𝖯𝗁𝗒𝗌𝗂𝖼𝖺𝗅𝖠𝖨 #𝖤𝗆𝖻𝗈𝖽𝗂𝖾𝖽𝖠𝖨

𝗪𝗶𝗹𝗹 𝗥𝗶𝘀𝗶𝗻𝗴 𝗠𝗲𝗺𝗼𝗿𝘆 𝗣𝗿𝗶𝗰𝗲𝘀 𝗜𝗺𝗽𝗮𝗰𝘁 𝘁𝗵𝗲 𝗫𝗥 𝗮𝗻𝗱 𝗔𝗜 𝗚𝗹𝗮𝘀𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁? @Meta 𝗋𝖾𝖼𝖾𝗇𝗍𝗅𝗒 𝗋𝖺𝗂𝗌𝖾𝖽 𝗉𝗋𝗂𝖼𝖾𝗌 𝗈𝗇 𝗂𝗍𝗌 𝖰𝗎𝖾𝗌𝗍 𝟥𝖲 𝖺𝗇𝖽 𝖰𝗎𝖾𝗌𝗍 𝟥 𝖵𝖱 𝗁𝖾𝖺𝖽𝗌𝖾𝗍𝗌 𝖻𝗒 $𝟧𝟢 𝖺𝗇𝖽 $𝟣𝟢𝟢 𝗋𝖾𝗌𝗉𝖾𝖼𝗍𝗂𝗏𝖾𝗅𝗒, 𝖼𝗂𝗍𝗂𝗇𝗀 𝗌𝗎𝗋𝗀𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗁𝗂𝗉 𝖼𝗈𝗌𝗍𝗌 𝖺𝗌 𝗍𝗁𝖾 𝗉𝗋𝗂𝗆𝖺𝗋𝗒 𝖽𝗋𝗂𝗏𝖾𝗋 a𝗇𝖽 𝗍𝗁𝖾 𝗇𝗎𝗆𝖻𝖾𝗋𝗌 𝖻𝖾𝗁𝗂𝗇𝖽 𝗍𝗁𝖺𝗍 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇 𝖺𝗋𝖾 𝗁𝖺𝗋𝖽 𝗍𝗈 𝗂𝗀𝗇𝗈𝗋𝖾. 𝖣𝖱𝖠𝖬 𝗉𝗋𝗂𝖼𝖾𝗌 𝖿𝗈𝗋 𝗍𝗁𝖾𝗌𝖾 𝗁𝖾𝖺𝖽𝗌𝖾𝗍𝗌 𝗋𝗈𝗌𝖾 𝟩𝟪% 𝗂𝗇 𝖰𝟦 𝟤𝟢𝟤𝟧, 𝗐𝗂𝗍𝗁 𝖿𝗎𝗋𝗍𝗁𝖾𝗋 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾𝗌 𝗈𝖿 𝟧𝟨% 𝖺𝗇𝖽 𝟪𝟢% 𝗉𝗋𝗈𝗃𝖾𝖼𝗍𝖾𝖽 𝖿𝗈𝗋 𝖰𝟣 𝖺𝗇𝖽 𝖰𝟤 𝟤𝟢𝟤𝟨. 𝗛𝗲𝗿𝗲'𝘀 𝘄𝗵𝗮𝘁 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗿𝗲𝘃𝗲𝗮𝗹𝘀: • 𝖭𝖠𝖭𝖣 𝗉𝗋𝗂𝖼𝗂𝗇𝗀 𝗁𝖺𝗌 𝗍𝗂𝗀𝗁𝗍𝖾𝗇𝖾𝖽 𝗌𝗁𝖺𝗋𝗉𝗅𝗒, 𝗐𝗂𝗍𝗁 𝖰𝟣 𝖺𝗇𝖽 𝖰𝟤 𝟤𝟢𝟤𝟨 𝖻𝗈𝗍𝗁 𝗋𝖾𝖼𝗈𝗋𝖽𝗂𝗇𝗀 𝖰𝗈𝖰 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾𝗌 𝖾𝗑𝖼𝖾𝖾𝖽𝗂𝗇𝗀 𝟪𝟢%. 𝖭𝖠𝖭𝖣 𝖼𝗈𝗌𝗍𝗌 𝖿𝗈𝗋 𝗍𝗁𝖾𝗌𝖾 𝗁𝖾𝖺𝖽𝗌𝖾𝗍𝗌 𝖺𝗋𝖾 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗍𝗋𝗂𝗉𝗅𝖾 𝖻𝗒 𝖰𝟤 𝟤𝟢𝟤𝟨 𝗏𝗌 𝖰𝟦 𝟤𝟢𝟤𝟧 𝗅𝖾𝗏𝖾𝗅𝗌 • 𝖬𝖾𝗍𝖺 𝗂𝗌 𝗇𝗈𝗍 𝖺𝗅𝗈𝗇𝖾. @PICOXR 𝗁𝖺𝗌 𝖺𝗇𝗇𝗈𝗎𝗇𝖼𝖾𝖽 𝖵𝖱 𝗁𝖾𝖺𝖽𝗌𝖾𝗍 𝗉𝗋𝗂𝖼𝖾 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾𝗌 𝖾𝖿𝖿𝖾𝖼𝗍𝗂𝗏𝖾 𝖩𝗎𝗅𝗒 𝟣, 𝟤𝟢𝟤𝟨, 𝖺𝗇𝖽 @valvesoftware 𝗁𝖺𝗌 𝖽𝖾𝗅𝖺𝗒𝖾𝖽 𝗉𝗋𝗂𝖼𝗂𝗇𝗀 𝖺𝗇𝖽 𝗌𝗁𝗂𝗉𝗆𝖾𝗇𝗍𝗌 𝖿𝗈𝗋 𝗂𝗍𝗌 𝗇𝖾𝗐 𝖲𝗍𝖾𝖺𝗆 𝖥𝗋𝖺𝗆𝖾 𝖺𝗇𝖽 𝖲𝗍𝖾𝖺𝗆 𝖬𝖺𝖼𝗁𝗂𝗇𝖾 𝗉𝗋𝗈𝖽𝗎𝖼𝗍𝗌, 𝖺𝗅𝗌𝗈 𝖼𝗂𝗍𝗂𝗇𝗀 𝗋𝗂𝗌𝗂𝗇𝗀 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗈𝗌𝗍𝗌 • 𝖠𝗌 𝖿𝗈𝗋 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌, 𝗐𝗁𝗂𝗅𝖾 𝗌𝗈𝗆𝖾 𝖮𝖤𝖬𝗌 𝗁𝖺𝗏𝖾 𝗇𝗎𝖽𝗀𝖾𝖽 𝗉𝗋𝗂𝖼𝖾𝗌 𝗎𝗉 𝖺𝗇𝖽 𝖺 𝖿𝖾𝗐 𝗌𝗆𝖺𝗋𝗍𝗉𝗁𝗈𝗇𝖾 𝖻𝗋𝖺𝗇𝖽𝗌 𝗁𝖺𝗏𝖾 𝗉𝖺𝗎𝗌𝖾𝖽 𝗇𝖾𝗐 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗉𝗋𝗈𝗃𝖾𝖼𝗍𝗌, 𝗍𝗁𝖾 𝖻𝗋𝗈𝖺𝖽𝖾𝗋 𝗆𝖺𝗋𝗄𝖾𝗍 𝗂𝗆𝗉𝖺𝖼𝗍 𝗂𝗌 𝖾𝗑𝗉𝖾𝖼𝗍𝖾𝖽 𝗍𝗈 𝗋𝖾𝗆𝖺𝗂𝗇 𝗅𝗂𝗆𝗂𝗍𝖾𝖽. 𝖶𝗂𝗍𝗁 𝗁𝗂𝗀𝗁𝖾𝗋 𝗀𝗋𝗈𝗌𝗌 𝗆𝖺𝗋𝗀𝗂𝗇𝗌 (𝟧𝟢% ) 𝖺𝗇𝖽 𝗅𝗈𝗐𝖾𝗋 𝗆𝖾𝗆𝗈𝗋𝗒 𝖼𝗈𝗇𝖿𝗂𝗀𝗎𝗋𝖺𝗍𝗂𝗈𝗇𝗌, 𝖬𝖾𝗍𝖺'𝗌 𝖠𝖨 𝗀𝗅𝖺𝗌𝗌𝖾𝗌 𝗅𝗂𝗇𝖾𝗎𝗉 𝗂𝗌 𝗐𝖾𝗅𝗅-𝗉𝗈𝗌𝗂𝗍𝗂𝗈𝗇𝖾𝖽 𝗍𝗈 𝖺𝖻𝗌𝗈𝗋𝖻 𝗍𝗁𝖾 𝗉𝗋𝖾𝗌𝗌𝗎𝗋𝖾 𝗐𝗂𝗍𝗁𝗈𝗎𝗍 𝖺 𝗉𝗋𝗂𝖼𝖾 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝖾. 𝗧𝗼 𝗴𝗲𝘁 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝘃𝗶𝗲𝘄, 𝗰𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲: counterpointresearch.com/en/… 𝗧𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝗼𝘂𝗿 𝗺𝗲𝗺𝗼𝗿𝘆 𝗽𝗿𝗶𝗰𝗲 𝘁𝗿𝗮𝗰𝗸𝗲𝗿, 𝘃𝗶𝘀𝗶𝘁: counterpointresearch.com/en/… #𝖷𝖱 #𝖵𝖱 #𝖠𝖨𝖦𝗅𝖺𝗌𝗌𝖾𝗌 #𝖬𝖾𝗍𝖺 #𝖬𝖾𝗆𝗈𝗋𝗒𝖯𝗋𝗂𝖼𝖾𝗌 #𝖣𝖱𝖠𝖬 #𝖲𝖾𝗆𝗂𝖼𝗈𝗇𝖽𝗎𝖼𝗍𝗈𝗋𝗌 #𝖢𝗈𝗎𝗇𝗍𝖾𝗋𝗉𝗈𝗂𝗇𝗍𝖱𝖾𝗌𝖾𝖺𝗋𝖼𝗁