🔔 The Daily Semi-Cap — September 29, 2026 📊 SMH: $606.90 (+1.15%) 📈 Earnings: • No new semiconductor earnings released today. 🔥 Major Developments: • OpenAI launched Dots, GPT-6.1 Sol at one-fifth of Astra's standard token pricing, and an Ultrafast tier offering up to 8x faster generation in Codex and 6x in the API. • OpenAI's annualized revenue run rate is nearing $70B, up more than 70% since Q3 began, while the company seeks at least $30B at a $1.4T valuation. • Anthropic has $252B of non-cancelable compute obligations across Microsoft, Google, and Amazon, plus $161.2B of largely non-cancelable Broadcom TPU lease obligations. • TrendForce projects blended HBM ASPs to jump 121% YoY in 2027 while supply remains constrained; 8-Hi products are expected to command a 10–20% price premium per Gb over 12-Hi products.