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Patrick Moorhead
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Patrick Moorhead

Things Patrick Says on Podcasts

Covers the tech industry broadly: cloud infrastructure, enterprise software, semiconductors, and increasingly the economics of AI data centers and chip supply chains. Tracks earnings from Nvidia, TSMC, Oracle and other companies building AI infrastructure, along with corporate leadership changes and IPO news like SpaceX's. Runs Moor Insights & Strategy as founder, CEO and chief analyst. Hosts The Six Five with Daniel Newman, a weekly show analyzing the week's biggest tech news, and has appeared as a guest on Prof G Markets, the a16z Podcast, CNBC's Fast Money and The Information's TITV. Writes as a contributor at Forbes and is a frequent guest on CNBC. Industry trackers rank him among the most-cited technology analysts.

“TSMC says it's sold out until 2028, and NVIDIA is talking about the same thing. So the industry doesn't have enough, and it probably won't have enough even data center memory until 2030.” — Patrick Moorhead, The Information's TITV “The semiconductor business is a cruel business in that if you find yourself with the wrong architecture, you're literally going to have a hard time fighting back. It'll take you four years. You lose the recipe in a foundry, it could take you even longer. And then when you try to connect the two together, which Intel is doing between design and foundry, it is and continues to be a challenge.” — Patrick Moorhead, The Information's TITV “Apple didn't hire a visionary. It really promoted the engineer who built the moat.” — Patrick Moorhead, The Six Five with Patrick Moorhead and Daniel Newman

Where to Find Them

Patrick Moorhead hosts and writes The Six Five with Patrick Moorhead and Daniel Newman , hosts and writes a16z Podcast and hosts AI + a16z . They have also been a guest on Closing Bell (35 times) , Prof G Markets (4 times) , The Information's TITV (3 times) , CNBC's "Fast Money" (2 times) and Squawk on the Street .

Recently: “Intel Shares Plunge 25%, Cohere Targets $5B Series E and Binance Hit by $6.3B Hack” on The Information's TITV (October 2026); “11AM Hour: Intel Plunges After Earnings, CFTC Chairman on Utah Charging Kalshi & Twilio CEO on Earnings 10/30/26” on Squawk on the Street (October 2026); “Meta and Google Rejoin the Frontier, Microsoft's Maia 300, and the AI Credit Scare | The Six Five Pod Ep. 324” on The Six Five with Patrick Moorhead and Daniel Newman (October 2026); “Windows Goes Hybrid, Marvell's $90B Target, and the AI Routing Race | The Six Five Pod Ep. 323” on The Six Five with Patrick Moorhead and Daniel Newman (October 2026); “The Six Five Pod | EP 322: AI Writes Its Own Rules, Copilot Bills by the Task, and Memory Names Its Price” on The Six Five with Patrick Moorhead and Daniel Newman (October 2026); “The Six Five Pod | EP 322: AI Writes Its Own Rules, Copilot Bills by the Task, and Memory Names Its Price” on The Six Five with Patrick Moorhead and Daniel Newman (October 2026).

What They Said

“TSMC says it's sold out until 2028, and NVIDIA is talking about the same thing. So the industry doesn't have enough, and it probably won't have enough even data center memory until 2030.” — Patrick Moorhead, The Information's TITV

Asked how other chip companies will fare given the memory and substrate shortages that hit Intel, Moorhead says the whole industry stays supply-constrained for years.

The Information's TITV · 2026-10-30 Permalink → Listen →
The Information's TITV Around 09:09 into the episode
Patrick Moorhead

…PC market, though, is that demand is not gone. Let's say you had a five-year-old PC and you looked at memory prices and you're about to pull the trigger on a new one and you're like, ah, I'm going to wait. Like, you can't, PCs don't live seven, eight, nine, 10 years. I mean, some do, but not a lot.

Akash Pasricha

Right. But just very quickly, so you talk about AMD, but what about all the other chip companies that inevitably do rely on the same memory in many cases?

Patrick Moorhead

Yeah. So I think NVIDIA has taken care of substrates. They were in their first cut deals, even two chains deep with the Japanese sub-suppliers of substrates. I think they're going to be fine. I think a lot of folks who are tied into TSMC are going to be good on wafers. I mean, there's never going to be enough. TSMC says it's sold out until 2028, and NVIDIA is talking about the same thing. So the industry doesn't have enough, and it probably won't have enough even data center memory until 2030.

Akash Pasricha

Great. Well, Patrick, I want to thank you for coming on. That is Patrick Moorhead from More Insights and Strategy here on TI TV.

Patrick Moorhead

Thanks.

Akash Pasricha

AWS revenue continued to accelerate in Amazon's third quarter, but the rest of Amazon's business segments, like its online marketplace and advertising, decelerated in some cases dramatically. Here to discuss the results is Ken Gawrelski, Managing Director, Senior Internet Analyst at Wells Fargo.…

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.
“The semiconductor business is a cruel business in that if you find yourself with the wrong architecture, you're literally going to have a hard time fighting back. It'll take you four years. You lose the recipe in a foundry, it could take you even longer. And then when you try to connect the two together, which Intel is doing between design and foundry, it is and continues to be a challenge.” — Patrick Moorhead, The Information's TITV

On the morning Intel shares fell about 25% after earnings, the host asked when its foundry business turns a profit; Moorhead said he expects 2029 or 2030. Here he explains why chip turnarounds take so long.

The Information's TITV · 2026-10-30 Permalink → Listen →
The Information's TITV Around 06:42 into the episode
Patrick Moorhead

…the foundry, but also the transistor technology. And then you have to get far enough along so you attract customers, right? Lipu Tan, Intel's CEO, did talk about they would make some announcements in the next two quarters on foundry customers, which I think is very important. But we're waiting,

Akash Pasricha

we're waiting to hear. No, no, no, no.

Patrick Moorhead

I know. I mean, it's likely Google and AWS on the packaging side. It's on the wafer side that is the biggest unknown, but I do believe that it's going to be NVIDIA and Apple out of the gates because they need a second source and they also see the need to manufacture more in the United States. And a lot of that capex that's going in right now that's making them cash flow negative is investments that is going into 14A node and 18A and AP nodes to build out the capability. The semiconductor business is a cruel business in that if you find yourself with the wrong architecture, you're literally going to have a hard time fighting back. It'll take you four years. You lose the recipe in a foundry. It could take you even longer. And then when you try to connect the two together, which Intel is doing between design and foundry, it is and continues to be a challenge. So I look at milestones. Was Intel able to crank out 18A? Check. Yields are getting better every quarter. Is the feedback on their early designs called PDK kits for 14A? It looks like everything is out on time. And what I'm hearing in the ecosystem is those are higher quality. And in 2027, you have this convergence of…

Akash Pasricha

Right. Hey, Patrick, so I know you said you're obviously looking ahead to AMD earnings, but based on the commentary that we got and the results we got from Intel, what are you expecting from the other chip companies, broadly speaking? How does this affect what you think they might report?

Patrick Moorhead

I think data center, it's going to be full steam ahead. I think TSMC will cross every bridge. And break every rule to be able to give AMD what it needs on the server side. And then on the PC side, we will likely see a lower number from Intel, right? Because they're all selling to the same people.…

Akash Pasricha

Right. But just very quickly, so you talk about AMD, but what about all the other chip companies that inevitably do rely on the same memory in many cases?

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.
“Apple didn't hire a visionary. It really promoted the engineer who built the moat.” — Patrick Moorhead, The Six Five with Patrick Moorhead and Daniel Newman

Moorhead said it in a speed round on Apple's change of chief executive, having already called the incoming leader a continuity pick in an interview back in April and seeing no reason to revise it. His read is that the appointment protects an advantage Apple already has rather than betting on a new direction. Newman spent the following turns on the outgoing CEO's buyback record instead.

The Six Five with Patrick Moorhead and Daniel Newman · 2026-09-07 Permalink → Listen →
The Six Five with Patrick Moorhead and Daniel Newman Around 24:04 into the episode
Patrick Moorhead

I mean, that's not too far from the truth, or you've already been on.

Daniel Newman

That is not true, by the way. I'm just fudging. I'm just fudging. There's plenty of room for the both of us.

Patrick Moorhead

…clinging this out. Astra, artificial analysis said, same performance, 62 on intelligence score between it and its predecessor. So 5.6 sold. That makes absolutely no sense. So another proof point that benchmarks need an overhaul here. Hey, this can be a speed round here. John Turnis officially takes over as Apple's CEO, probably the first hardware bet in the AI era. You know, I don't think Apple, Apple didn't hire a visionary. It really promoted the engineer who built the moat. That's the hardware company that's around the moat. And I've been considering Turnis a continuity pick on my CNBC interview back in April. That's exactly what I called him. And by the way, continuity is not bad. Tim Cook took all of Steve Jobs' ideas and monetized it and scaled it and did an amazing job on that, but didn't come up with any new products that weren't dreamt up by Steve Jobs that…

Daniel Newman

Yeah, I mean, welcome, John. I appreciated him jumping on X right away. I also got a good laugh on Tim Cook's updated profile. He took all, you know, he just keep it simple, stupid, just went chairman Apple, you know, from having all his descriptions. But also, like, you know, it's a new era. I…

Patrick Moorhead

Amazing.

Daniel Newman

So his engineering is also second to none.

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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