Key insights
- An analyst reiterates a bullish stance on Corsair (CRSR), citing its position as a non-software value play and the cyclical upturn in the gaming segment driven by upcoming game releases like GTA 6. Positive earnings from AMD and NVDA support the gaming acceleration thesis. This suggests potential upside for gaming component manufacturers, positively influencing related US equities.
I'm still holding until my first price-target of $10 and then we'll evaluate. I have 3% of my port in Corsair, (doubled my position since posting)
Two additional thoughts that come to mind on top of what I already wrote:
-This is a value play that is non-software. Most value set-ups today are SaaS, but if you want to stay clear of software, then you should like Corsair because it sells physical goods and components that customers love.
DoorDash CEO Xu:
"I don't view any digital solution that's going to replace an end-to-end system that has physical parts if it [AI] can't also do the physical part"
He argues that the value is not just in software, but it lives in something you can actually touch.
-The gaming segment is accelerating, this is confirmed by both AMD and NVDA FY25 earnings. Gaming components is largely cyclical, and I believe we are entering a new cycle especially since 2026 has GTA 6 launching (among many other cool games) which require upgrades