North America Equity Research 09 July 2026 J P M O R G A N Hardware & Networking Industry Model Unpacked: Key Takeaways from Discussion with 650 Group Marc Vitenzon Following the latest publication of the Hardware & Networking industry model (see report here), based on updated forecasts from 650 Group, we spoke with Alan Weckel (Co-founder & Analyst, 650 Group) to discuss the drivers behind recent revisions, notable industry trends, and more. Key takeaways from the discussion include: See page 3 for analyst ...