Chip Stocks
Additional info: https://finance.yahoo.com/news/nvidia-591-078-rally-most-203019055.html
COMPUTEX Taipei, or Taipei International Information Technology Show, is a computer expo held annually in Taipei, Taiwan. Since the early 2000s, it is one of the largest computer and technology trade shows in the world. -Wikipedia [COMPUTEX SHOW GUIDE](https://computexdaily.com/computex-show-guide/#flipbook-df_3779/1/) Nvidia's Keynote recap from Paul's Hardware: https://www.youtube.com/watch?v=M64Kdicx0rQ AMD's Keynote recap from CNET: https://www.youtube.com/watch?v=4L1ZV3Ql5-I Qualcomm's Keynote commentary from PCWorld: https://www.youtube.com/watch?v=HhmLNtBNDFs Intel 2024 Computex coverage from Gamers Nexus https://www.youtube.com/watch?v=MGD41i5QCyk Computex Day 1 Keynote Reviews and AMD Interviews - Level1Techs https://www.youtube.com/watch?v=n67ihXEfAPg
>... A closer reading of the notice shows that the Biden administration will actually exclude GPUs and motherboards from the tariffs for another year, until May 31, 2025.
www.youtube.com
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AMD saw huge gains on Thursday and Friday after getting a favorable mention in Dell's blowout [earnings report](https://finance.yahoo.com/video/dells-ai-guidance-raises-prominent-205039208.html). AMD finally crossed the $200 per share mark and finished the week with a market cap of $327 billion. To put it in perspective, AMD traded at $2.16 a share on January 4, 2016.
Nvidia managed to silence the doubters, rising 16.4% to close at an all time high, beating earnings and revenue estimates and posting strong guidance for this quarter. AMD gained 10.69%, closing within a few dollars of its all time high, and SMCI closed up 32.87%.
Intel beat it's revenue and earnings projections for Q4, but posted weak guidance for Q1 2024, resulting in a 12% share price drop after hours. Intel was able to increase their client computing (PCs and laptops) revenue and profit, but they suffered losses in data center and AI (DCAI) and network and edge computing. The weak guidance for Q1 reflects that corporate customers (and investors) are looking for GPU AI accelerators, and Intel doesn't currently have any to offer. [earnings slide deck](https://d1io3yog0oux5.cloudfront.net/_2097bf81f221a2853d515e36f8d49166/intel/db/887/8982/earnings_presentation/Q4%272023+Earnings+Deck.pdf)
>ASML is the only company that produces equipment needed to make the most sophisticated semiconductors, and demand for its products is a bellwether for the industry’s health.
www.techspot.com
AMD, which began 2023 at $64 a share and ended at $147, predicts $2 billion in AI data center revenue this year. All eyes are on Nvidia, which is expected to bring in 60B+ this year, but if AMD holds on to at least 10% of the market, it means huge growth for team red.
www.hardwaretimes.com
Note that these results came from *one* retailer in Germany and don't represent the market as a whole, but it's still impressive.
Yesterday was a big day for Intel: • The Intel Core Ultra 100H has gotten pretty favorable [reviews](https://videocardz.com/169099/intel-core-ultra-100h-review-roundup) on launch day. • CEO Pat Gelsinger fired a shot across Nvidia's [bow](https://www.tomshardware.com/tech-industry/artificial-intelligence/intel-ceo-attacks-nvidia-on-ai-the-entire-industry-is-motivated-to-eliminate-the-cuda-market) saying 'The entire industry is motivated to eliminate the CUDA market' I mean, he's not wrong, but it's a ballsy thing to say on stage. • Intel stock has been on a tear, rising 38% over the past month
AMD delivered decent results for Q3, but Wall Street was disappointed by its guidance for Q4. After hours trading was low, as much as -4% at times, but recovered after the earnings podcast and Q&A. CEO Lisa Su predicted MI300 AI chip sales of $400m in Q4 and $2b for Fy2024. Slide show: https://d1io3yog0oux5.cloudfront.net/_bb564a866bc41f45b16c329e8171eb02/amd/db/778/6935/file/AMD+Q3%2723+Earnings+Slides.pdf
This would have been a help to Intel's foundry services plan, but on the other hand, they really don't need a lot of new debt right now.
www.cnbc.com
Samsung fell slightly short of revenue estimates but beat earnings estimates by a slim margin.
AMD, which reports earnings next Tuesday, has finally brought 3D V-Cache to mobile. ASUS' [ROG Strix SCAR 17 X3D](https://rog.asus.com/laptops/rog-strix/rog-strix-scar-17-x3d-2023/spec/) will come with Nvidia's RTX 4090 mobile GPU.
Earnings beat from STM. The semiconductor market is showing strength despite all the calls for a recession.
I've never heard of ASE before, they provide semiconductor manufacturing, packaging, testing, etc. which could really be anything. But apparently it's a $17B company and pays a 7% dividend.
I gotta admit, I'm surprised by this. I mean I know Intel will come back in force eventually, but I didn't expect a profit this quarter.
This is starting to become a trend this earnings season, companies beat estimates, but forecast lower earnings for Q3.
Welcome to Chip Stocks! MSFT and GOOGL report earnings tomorrow, followed by META on Wednesday - not chip companies, but big players in the AI market, so hopefully they'll give some guidance on data center spending for this quarter. FMAIL(Five minutes ago I learned) you can copy cells from Open Office, paste them into a Lemmy comment and they'll be converted to an image. Open Source for the win! 