Research Sources Directory
A curated directory of equity research firms, analysts, and publications used throughout the knowledge base.
Region-specific: For Japanese-stock research sources (analyst reports, JP-focused Substacks, filings/data platforms, IR interviews, macro/alt-data), see research-sources-japan.
Independent Analysts (X / Substack)
Per-author canonical pages — see sources.md for the full feed list.
- source-doug-olaughlin — Doug O'Laughlin (Fabricated Knowledge + @fabknowledge + @FoolAllTheTime)
- source-insane-analyst — Anonymous engineer (Irrational Analysis + @insane_analyst)
- source-illyquid — Asia AI/semis live analysis (Collyer Bridge + @illyquid)
- source-damnang — EE PhD photonics deep dives (@damnang2 + Damnang's Substack)
- source-photoncap — Photonics foundries / OFC (PhotonCap Substack + @PhotonCap)
- source-citrini — Macro / thematic trades (Citrini Research + @citrini)
- source-dnystedt — Asian tech / semis reporting (@dnystedt)
- source-mike-multibagger — Microcap / event-driven (Multibagger Monitor + @Mike10947310)
- source-fundament-edge — Brett Caughran methodology (@FundamentEdge)
- source-aleabit — Serenity supply-chain methodology (@aleabitoreddit)
- source-fundaai — AI agents / memory / infrastructure (FundaAI Substack)
- source-semianalysis — Dylan Patel et al. (SemiAnalysis Substack)
- source-meridian-report — Defense / critical minerals (The Meridian Report)
Independent Research & Specialized Firms
SemiAnalysis → source-semianalysis
Focus: Semiconductor industry deep dives, data center infrastructure, AI compute economics Key Themes: Energy dilemma, neocloud dynamics, multi-datacenter training, power delivery, geopolitical impacts Notable Content:
- sa-ai-dc-energy-dilemma — AI data center energy constraints
- sa-ai-neocloud-playbook — GPU cloud market dynamics
- sa-multi-dc-training-openai — Multi-datacenter training infrastructure
- sa-google-ai-infra-supremacy — Google's infrastructure advantage
Citrini Research → source-citrini
Focus: Market intelligence, equity research, specialized deep dives Key Themes: Competitive dynamics, market structure, transaction analysis Notable Content: LQDT market memos, Celestica analysis, robotics updates
Other Independent Sources
- Jason's Chips — Semiconductor market analysis
- Doug O'Laughlin / Fabricated Knowledge → source-doug-olaughlin — semis core, market structure
Investment Banking & Capital Markets
JPMorgan Chase (JPM)
Specialties: Semiconductor, datacenter, optical/networking, AI infrastructure Notable Coverage:
- jpm-chiplets-primer — Chiplet technology and implications
- jpm-datacenter-deep-dive-part1 — Data center architecture and spending
- jpm-datacenter-deep-dive-part2 — 100GW+ data center expansion
- glw-corning-jpm-optical-deep-dive — Optical connectivity in data centers
- siph-primer-jpm — Silicon photonics market sizing
- inphi-jpm-initiation — High-speed connectivity and optical
Barclays Capital
Specialties: AI infrastructure, semiconductor equipment, hyperscale dynamics Notable Coverage:
- ALAB initiation (AI connectivity leader)
- Hyperscale infrastructure investments
- Equipment and supply chain positioning
Needham & Company
Specialties: Semiconductors, semiconductor capital equipment, emerging technologies Notable Coverage:
- Semiconductor equipment initiations and updates
- ALGM (Allegro MicroSystems) automotive semiconductor analysis
- FEIM (FormFactor) semiconductor test equipment
- Technology company initiations and conference presentations
Evercore ISI
Specialties: Semiconductor equipment, data center infrastructure, power systems Notable Coverage:
- vertiv-evercore-deepdive — Data center power and cooling solutions
- Equipment company positioning and capital intensity analysis
William Blair
Specialties: Semiconductor systems, AI infrastructure, chip-to-systems connectivity Notable Coverage:
- broadcom-william-blair-initiation — Semiconductor networking leader
- william-blair-chip-to-systems-ai-infra — AI infrastructure ecosystem
- gev-initiation-william-blair — Geopolitical themes in AI
Jefferies
Specialties: Semiconductor equipment, OSAT/packaging, specialized technologies Notable Coverage:
- mellanox-jefferies-initiation — High-speed networking
- OSAT company analysis
- Optical interconnect expert calls
- Transistor and process technology analysis
Deutsche Bank
Specialties: Competitive positioning, transaction analysis, multi-industry Notable Coverage:
- lqdt-deutsche-bank-competition — Competitive dynamics in specialized markets
UBS
Specialties: Semiconductor, optical/networking, data center infrastructure Notable Coverage:
- comseuipment-data-center-networking-ubs — Data center networking equipment
- glw-corning-ubs-initiation — Optical components for infrastructure
Credit Suisse
Specialties: Semiconductor, technology hardware (when active)
Other Major Banks
- Haitong Securities — Asia-focused semiconductor and energy analysis
- Nomura — China semiconductor strategy, optical communications
- Kenanga Investment Bank — Asia-Pacific energy and infrastructure
- CGS-CIMB — ASEAN data centers, renewable energy, semiconductor supply chain
Multilateral & Government Organizations
World Bank
Focus: Global infrastructure, sustainable development, project financing Notable Content: Infrastructure development and financing frameworks
U.S. Department of Energy (DOE)
Focus: Nuclear energy supply chain, critical minerals, energy infrastructure Notable Content:
- doe-nuclear-supply-chain-2022 — Domestic nuclear supply chain assessment
- Energy policy and climate themes
International Energy Agency (IEA)
Focus: Global energy dynamics, data center power consumption, renewable energy Notable Content: Data center energy consumption forecasts and policy recommendations
Consulting & Advisory
Boston Consulting Group (BCG)
Focus: Southeast Asia data center expansion, strategic analysis Notable Content:
- bcg-sea-dc-growth — Data center growth in Southeast Asia
- bcg-sea-datacenters — Market sizing and competitive positioning
Other Consulting
- Industry conferences and presentations
- Expert calls and proprietary research networks (Tegus, AlphaSights)
- Trade associations and industry groups
Research Organization by Theme
Semiconductor Equipment & Materials
- Needham (FEIM, equipment initiations)
- Jefferies (OSAT, packaging, advanced process)
- Barclays (lithography and critical process node)
- William Blair (systems and integration)
Optical & Networking Infrastructure
- JPMorgan (silicon photonics, optical deep dives)
- Nomura (China optical transceivers)
- UBS (networking equipment)
- Jefferies (CPO and optical interconnect)
Data Center Infrastructure
- JPMorgan (comprehensive data center series)
- Evercore (power and cooling)
- BCG (market sizing, regional dynamics)
- CGS-CIMB (ASEAN expansion)
- SemiAnalysis (neocloud playbook, energy dilemma)
AI & Compute Infrastructure
- SemiAnalysis (energy, multi-datacenter training, neocloud)
- William Blair (chip-to-systems)
- Needham (technology company initiations)
- JPMorgan (connectivity and infrastructure)
Geopolitical & Trade Policy
- William Blair (geopolitical risk assessment)
- CGS-CIMB (Asia-Pacific dynamics)
- Nomura (China strategy and export controls)
Automotive & EV Semiconductors
- Needham (ALGM automotive positioning)
- Barclays (EV infrastructure)
Using This Directory
For Investment Research:
- Identify key research gaps or contrarian views
- Check this directory for who covers that theme
For Analyst Expertise:
- Look up analyst by company/ticker
- Reference their notable coverage
- Check for sector specialization patterns
For Market Intelligence:
- Cross-reference multiple firms on same topic
- Note consensus vs. outlier views
- Use for thesis validation or falsification
Notes on Analyst Quality & Bias
Higher Quality:
- Specialized research boutiques with deep technical expertise
- Sell-side analysts with long track records of accurate calls
- Institutions with proprietary research networks
Potential Biases:
- Investment banking clients (coverage bias toward positive ratings)
- Sector rotation and narrative shifts
- Early adopter vs. skeptic tendencies vary by analyst
Last Updated: 2026-03-01 Directory Scope: Active research firms and banks referenced in KB