Semiconductors
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jan 21, 2025 by Ben Gilbert · across every show →
Everything said about Semiconductors, oldest first
Jan 21, 2025 negative
Software lacks the immense moat defensibility of heavy semiconductor manufacturing CapEx
“Even better in the notion that gross margins of software can be 80 to 90%, not 50%, but I would back that down because it doesn't have the sort of moat defensibility characteristics that being able to plow your Capex into manufacturing capability does.”