This episode of The Circuit covers a mix of tech industry tributes and major semiconductor financial updates. Hosts Ben and Jay begin by paying their respects to pioneering tech blogger and journalist Om Malik, who recently passed away. They then dive into Cerebras’s first earnings report as a public company, highlighting strong top-line demand for AI inference but noting investor concern over their complicated gross margins. Next, the hosts unpack Qualcomm’s Investor Day, focusing on the company's aggressive $15 billion data center revenue guidance for fiscal 2029, their "Dragonfly" custom ARM CPU roadmap, and their strategic acquisition of software startup Modular. Finally, they analyze Micron's massive earnings report, detailing a staggering 60% quarter-on-quarter memory price surge that has caught major buyers like Apple by surprise, concluding with a lively discussion on the "Game of Thrones" style market dynamics driving the memory industry.

Key Topics:

AI infrastructure evolution
Server and rack engineering innovations
Analog components and power management
Semiconductor industry growth and GPU impact
Enterprise and hyperscaler strategies for differentiation
Cooling technologies and hybrid solutions
Networking and infrastructure for AI workloads
Multi-cloud and on-prem AI deployment trends

In this episode of The Circuit, Ben and Jay dive deep into Apple's WWDC announcements, unpacking the "applied AI" strategy behind the newly indexed Siri, system-level CPU scheduling updates, and Apple's surprising embrace of Nvidia for private cloud compute. Ben also shares his takeaways from the Nebius conference in San Francisco, analyzing their unique custom server racks and their positioning as a highly capable neo-cloud infrastructure provider. Finally, Jay reports back from his recent trip to China, sharing ground-level observations on why US entity list restrictions are losing their impact, how IoT chipmaker Espressif creatively markets globally via Reddit and YouTube despite domestic blocks, and the real-world manufacturing bottlenecks facing humanoid robot actuators.