EVENTS:   Best TMT Equity Ideas Conference Call - Andrew Beale/Arete Research & Craig Huber/Huber Research Partners & Martin Jacobs/JNK Research & KC Rajkumar/Lynx Equity Strategies & Steve Thompson/Sales Pulse Research & Kevin Cassidy/Rosenblatt Securities - 03 Jun 26   Fault Lines: China, Iran and the Future of U.S.-China Competition - Alice Han/Greenmantle - 04 Jun 26   Rubin, ASICs, and the Analog Price Reset (JNK’s 2H 2026 Supply Chain Signals) - Martin Jacobs/JNK Research - 09 Jun 26     ROADSHOWS: Europe and Asia Short Ideas - Robert Prather /Vision Research   •   Edinburgh, Paris, Geneva   03 - 07 Jun 26       High Performance Computing & FinTech Coverage and Ideas - Chris Brendler /Rosenblatt Securities   •   London   03 - 04 Jun 26       L/S Industrials, Materials, Energy & Utilities Ideas - Jay Van Sciver & Fernando Valle /Hedgeye   •   London   09 - 11 Jun 26       Global Conflicts - Implications for Defense Contractors - Byron Callan /Capital Alpha Partners   •   London   09 - 12 Jun 26      

Rubin, ASICs, and the Analog Price Reset (JNK’s 2H 2026 Supply Chain Signals)

JNK Research

Tue 09 Jun 2026 - 10:00 EST / 15:00 GMT / 16:00 CET

Topics

• Ruben is the new AI signal — CSP order books have moved past Blackwell. Orders, wafers, 2007 estimates

• Custom ASICs are taking CoWoS allocation from GPUs — winners & losers.

• CPO vs CPC: supply chain data puts a date on the production timeline.

• IFX raised prices, TXN went twice, STM is next — the analog cycle is broadening.

• AI power demand is draining analog inventory faster than the earnings narrative.