AMD Warns on PC Slump but Gains on Intel in Lucrative Data Center Market

Advanced Micro Devices reported Tuesday quarterly revenue ahead of consensus, AMD however guided lower for the quarter ahead by over $150 million. Analysts and investors were excited that AMD is gaining further ground on Intel. The stock traded higher on AMD making up for a personal-computer slump with gains in the lucrative data center market. The company’s data center business revenue grew 42% in the quarter, compared with the 33% decline recorded at INTC’s data center and artificial intelligence unit … Continue reading “AMD Warns on PC Slump but Gains on Intel in Lucrative Data Center Market”

Netflix Shares Jump on Big Paid Subscribers Beat, Despite Earnings Miss on Forex Losses

Streaming giant Netflix reported worse than expected fourth quarter earnings after the market close Thursday on foreign exchange losses or remeasurement. NFLX reported revenues in-line, paid net subscriber additions of 7.66 mln topped prior guidance. The company guided Q1 EPS below consensus, but revenues above consensus, saying it expects positive paid net adds yr/yr. Netflix appointed new co-CEOs, which at first glance seems confusing for investors. NFLX stock traded up to $338.27 gaining $22.49 (+ 7.12%) after Hours.  Over the past … Continue reading “Netflix Shares Jump on Big Paid Subscribers Beat, Despite Earnings Miss on Forex Losses”

C3.ai Beat Analysts Revenue Targets but AI Cash Burn Rate Worries Remain

Artificial intelligence software company C3.ai beat analyst expectations for the Q2 fiscal FY2023 quarter, with revenue up 7% year-over-year to $62.41 million. However, AI is still running with large losses and its growth has stagnated. For Q2 2023, bookings were down 14% y/y. while bulls cite the large amount of cash on hand it is the burn rate that is of concern and explains much of why the stock is down over 90% from its highs. AI stock traded at … Continue reading “C3.ai Beat Analysts Revenue Targets but AI Cash Burn Rate Worries Remain”

Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth

NVidia announced mixed earnings for the October fiscal quarter of 2023 with sales beating analyst expectations but earnings per share lower than forecast. Nvidia said it expected $6 billion in sales in the fourth quarter, lower than consensus estimates of $6.09 billion $NVDA Shares got relief from Gaming beating expectations and Data Center revenue $3.83 billion, up 31% year-over-year. Nvidia said reduced sales from the GPUs banned in China would be largely offset by its alternative products like Automotive. AI … Continue reading “Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth”

Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger

Take Two Interactive Software stock took a tumble after it announced disappointing second-quarter 2023 results Monday after the closing bell. $TTWO traded at $90.55▼ 17.85 or 16.47% after hours at a new 52 week low. TTWO incurred a loss of $257 million or $1.54 per share in the September quarter, compared to a profit of $10.2 million or $0.09 per share in the prior-year quarter. Clearly the lofty premium the gaming company paid for Zynga is still impacting. The two companies merged … Continue reading “Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger”

Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush

Video game publisher Activision Blizzard reported better than expected third quarter earnings after the close Monday and updated on a pending acquisition of the company by Microsoft Corporation ($MSFT). Activision Blizzard ended the third quarter with 368 million monthly active users with its segment seeing revenue up double-digits thanks to the launch of “Diablo II: Resurrected” and “Diablo Immortal.” Released in October “Call of Duty: Modern Warfare II” was the fastest-selling title in the history of the franchise. $ATVI saw … Continue reading “Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush”

Netflix Earnings Beat, Adds Subscribers, Games & Password Sharing Plan

Streaming giant Netflix reported better than expected third quarter earnings after the market close. NFLX added 2.41 million net subscribers during the quarter more than double the 1 million it had forecast. The majority of Netflix’s net subscriber growth came from the Asia-Pacific region with 1.43 million new subscribers. Netflix also outlined its plan to crack down on password sharing next year. NFLX also updated it’s gaming strategy. $NFLX rose to $275.49 up 34.63 or 14.38% after hours adding to the … Continue reading “Netflix Earnings Beat, Adds Subscribers, Games & Password Sharing Plan”

What to Look for in Netflix Earnings from Mobile Gaming to Expanding Content

Streaming giant Netflix report third quarter earnings reports quarterly earnings on October 18 after the market close. With the tech wreck of 2022 $NFLX has endured a volatile year. Over the past twelve months, NFLX stock has traded in an extreme range between $162.71 and $700.99. Heading into earnings it trades at $248.29, +18.29, +7.95% the day prior. FactSet analyst estimates provide an EPS consensus of $2.14 and a sales consensus of $7.83bn Netflix Inc NASDAQ: NFLX · Report After … Continue reading “What to Look for in Netflix Earnings from Mobile Gaming to Expanding Content”

Semiconductor gloom as AMD Warns Again, Samsung First Profit Decline in Three Years

Advanced Micro Devices issued preliminary third-quarter results Thursday that are well below its initial guidance from an already weak second-quarter earnings and guidance where AMD slashed its revenue and gross margin guidance for Q3, citing a “significantly” weaker PC market. Now they are saying it’s even worse saying its non-GAAP gross margin is expected to come in around 50%, while it had previously expected gross margin to be closer to 54%. AMD is seen as having a significant market opportunity … Continue reading “Semiconductor gloom as AMD Warns Again, Samsung First Profit Decline in Three Years”

Nvidia Launches DRIVE Thor Autonomous and Assisted Driving Platform

Chip maker Nvidia has been aggressively developing its key growth automotive business segment enhancing its artificial intelligence (AI) market capabilities. NVDA on Tuesday unveiled its new computing platform called DRIVE Thor to centralize autonomous and assisted driving. The platform has other digital functions including in-car entertainment which will bring down the ultimate cost. Nvidia’s head of automotive business Danny Shapiro said DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall … Continue reading “Nvidia Launches DRIVE Thor Autonomous and Assisted Driving Platform”