Cross-Sector Ripples

Investment

Value Chain Ripple - Dec 23, 2025

Editor's Notes: * Memory and lithium cost surge will have negative impact on downstream players (gaming consoles, computers, EVs, mobile phones, etc.) The margin hit may be temporary, but the impact on stock prices have been asymmetric - beneficiaries stock price surging while losers stock price decline relatively muted.

Investment

Value Chain Read-across: Tech Ripple Effects - Dec 06, 2025

In this analysis, we identify a few ripple effects poised to create asymmetric impacts across various technology sectors, offering unique opportunities and risks for professional investors. 1. Memory Margin Squeeze The Trigger (Upstream) DRAM and NAND spot contract prices surged 80-100% since last week/year (Digitimes, TrendForce, X posts), with