Leroy Groffier(@LeroyGroffier):MLCCs: interesting discussion by MS from yday, detailing the technical constraints (e.g., low voltage, "rapid current excursions") that are forcing accelerator boards to use higher capacitance MLCCs, dominated by TY $6976; Murata $6981; SEMCO. "...total installed capacitance per accelerator and per rack is growing faster than MLCC unit count.." Having hundreds of layers, these 47+ microfarad MLCCs suck up disproportionate share of prod capacity, inevitably leading to shortages of commodity MLCCs as well (benefiting Yageo $2327). MS raised Yageo 27-28 ests by 23-53% on 1 Jun, sees another 58% upside for stock. Sector has seen some profit-taking but my sense is estimates will continue to rise.

9hours ago

MLCCs: interesting discussion by MS from yday, detailing the technical constraints (e.g., low voltage, "rapid current excursions") that are forcing accelerator boards to use higher capacitance MLCCs, dominated by TY $6976; Murata $6981; SEMCO. "...total installed capacitance per accelerator and per rack is growing faster than MLCC unit count.." Having hundreds of layers, these 47+ microfarad MLCCs suck up disproportionate share of prod capacity, inevitably leading to shortages of commodity MLCCs as well (benefiting Yageo $2327). MS raised Yageo 27-28 ests by 23-53% on 1 Jun, sees another 58% upside for stock. Sector has seen some profit-taking but my sense is estimates will continue to rise.