MTS - Research Analyst Intern, AI Infrastructure & Economics

SemiAnalysis is an independent research and analysis firm specializing in the semiconductor and AI industries. The Research Analyst Intern will support defined research projects on GPU cloud providers, AI model developers, or AI economics by collecting and validating data, maintaining sources, building spreadsheet models, and drafting research notes.

What you'll do:

• Collect and check company, pricing, capacity, and funding data
• Maintain sources, and distinguish reported facts from estimates
• Build or update a focused spreadsheet model
• Draft a short research note and explain the calculations behind it

What they're looking for:

• No prior full-time experience is required. You can show relevant ability through coursework, independent work, or previous internships
• Comfort with spreadsheets, basic accounting, percentages, and financial statements
• Ability to explain a calculation and check its units
• Clear writing, and care with source records
• Evidence of interest in AI, technology markets, or business economics through reading, coursework, projects, or work
• Willingness to ask questions, learn unfamiliar concepts, and revise your work after feedback
• Academic work samples are accepted
• A CS or ML degree, a particular university, and prior employment at a well-known firm are not required
• Coursework or projects in finance, economics, accounting, consulting, or a comparable analytical field
• A company model, investment memo, or independently researched article that shows your ability
• Python and SQL are optional and useful, but not expected

Benefits:

• Work setting: In office preferred, hybrid considered.
• Support from an analyst while working on a defined research project.
• You will finish the internship with a completed research project, a model you built or maintained, and a written note you can explain end to end.
• Strong interns are a natural pipeline into the Research Analyst, AI Infrastructure & Economics role.