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

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.

Permanently Deleted

AMD saw huge gains on Thursday and Friday after getting a favorable mention in Dell's blowout earnings report.

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

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.

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.

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 on launch day.
• CEO Pat Gelsinger fired a shot across Nvidia's bow 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

Intel (INTC) announced its third quarter earnings after the bell on Thursday, beating analysts' expectations on the top and bottom lines and provided Q4 guidance implying revenue growth for the first time since 2020. Shares of the chipmaker jumped more than 7% following the report.

Intel's Q3 revenue came in at $14.2 billion with adjusted earnings per share (EPS) of $0.41. Analysts were expecting revenue of $13.5 billion and adjusted EPS of $0.31.