Showing my age, I am paraphrasing from Monty Python’s “The Meaning Of Life”. For years after seeing this movie, when ever I tried to get someone to order dessert after a big meal, I would put on a French accent, and say “It’s only wafer thin”.
Speaking of wafers, paid subscribers to the Substack and Slice will know that I quite like wafer stocks. Like most semiconductor related names, they are up a lot this year. Unlike most semiconductor names, they still look cheap. I detailed the buy case for wafers in February here.
If you cannot be bothered to go through the old presentation, I repost the most important part below. Basically ASML said in its January presentation that the new NVIDIA chips were going to need more silicon wafers.
