How to Value SoftBank’s Semiconductor Arm IPO Among the NVidia and AI Frenzy

The much-anticipated IPO for SoftBank Group Corp. semiconductor unit Arm was filed Monday. With the AI frenzy Softbank is looking to time the listing to perfection. In what has been a rather dour few years for IPOs with high interest rates and a bear market for much of that period this is expected to be the year’s largest US initial public offering. Arm Holdings Ltd. didn’t disclose proposed terms in its filing Monday with the US Securities and Exchange Commission. … Continue reading “How to Value SoftBank’s Semiconductor Arm IPO Among the NVidia and AI Frenzy”

Nvidia Crushes Earnings and Guidance Acceleration with AI and Data Center Growth

NVidia trounced analysts with spectacular earnings and guidance for the April fiscal quarter of 2023 establishing itself as the leader in the emergence of AI technology. Nvidia fulfills the insatiable market needs of generative AI and accelerated computing. NVDA shares have been running hot with the generative artificial intelligence boom that started with the launch of OpenAI’s ChatGPT back in November. Even with that NVDA projected $11 billion in sales for the quarter ending in July, shocking analysts who had … Continue reading “Nvidia Crushes Earnings and Guidance Acceleration with AI and Data Center Growth”

Nvidia Earnings Beat with Rebound in Gaming, Sees Acceleration of AI and Data Center Growth

NVidia announced better than expected earnings and guidance for the January fiscal quarter of 2023 with sales and earnings beating analyst expectations. $NVDA shares jumped +29.10 or +14.02% on the results which also gave some hope to the beaten down semiconductor sector. Nvidia’s superior growth prospects are tied to the substantial investments it made in AI-powered technology over the past several years. CEO Jensen Huang commented that AI adoption is at an inflection point as the company prepares to launch … Continue reading “Nvidia Earnings Beat with Rebound in Gaming, Sees Acceleration of AI and Data Center Growth”

Micron Lowers Guidance with Severe DRAM and NAND Supply and Demand Imbalance

Memory chip maker Micron reported lower fiscal first-quarter revenue, which dropped by nearly half to $4.09 billion as prices fall for both main types of memory, DRAM and NAND. MU reported a worse than expected net loss of $195 million for the quarter after the bell Wednesday. Revenue, margins and earnings were hit further by lower memory prices and industry oversupply that are driving the chipmaker’s grim outlook. Micron earnings have been drastically hurt by China weakness which is 30% … Continue reading “Micron Lowers Guidance with Severe DRAM and NAND Supply and Demand Imbalance”

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”

US Tech Billionaires Added $59 Billion in Richest Day Ever as Nasdaq Surged 7.5%

The markets reacted dovishly to the US CPI moderating after resurging in August with aggressive Fed interest rate rises. The repricing of risk was furious, plunging Treasury yields a weakening dollar and big gains in mega cap stock. The Vanguard Mega Cap Growth ETF (MGK) closed up 8.0%. The Nasdaq soared +654.23 or 6.36%. The big winners were the big Techs, Amazon, Google, Microsoft, Apple and even beaten down Tesla. US tech Bloomberg billionaires’ fortunes rose $59 billion, a one-day record … Continue reading “US Tech Billionaires Added $59 Billion in Richest Day Ever as Nasdaq Surged 7.5%”

Micron Lowers Guidance as DRAM on NAND Chip Sales Persist in Down Cycle

Memory chip maker Micron report lower fiscal fourth-quarter revenue and warned for the next quarter after the bell Thursday. $MU beat with Adj EPS of $1.45 over expected $1.37 but revenue of $6.64Bil missed exp $6.80Bil. The chipmaker sees Q1 Adj Revenue of $4B To $4.5B down from exp $6.02B. This comes after MU Recently warned revenue may come in at or below the low end of the revenue guidance range. Revenue, margins and earnings were hit further by lower … Continue reading “Micron Lowers Guidance as DRAM on NAND Chip Sales Persist in Down Cycle”

Micron Downside Risks on DRAM on NAND Chip Sales Persist

Memory chip maker Micron is set to report fiscal fourth-quarter results after the bell Thursday. Recently $MU warned revenue may come in at or below the low end of the revenue guidance range. Revenue, margins and earnings may be hit further by lower memory prices and industry oversupply that are driving the chipmaker’s grim outlook. Both Mizuho and Wells Fargo analysts downgraded Micron last week. Micron earnings have been drastically hurt by China weakness which is 30% of the company’s … Continue reading “Micron Downside Risks on DRAM on NAND Chip Sales Persist”

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”

Nvidia Gaming Revenue Weakness Persists While Data Center Hyperscale Customers Grow

NVidia beat earnings expectations in the July Fiscal quarter of 2023. Q2 revenue of $6.7 billion matched consensus. Non-GAAP EPS of $0.51 beat by $0.01. However, Nvidia guided for FQ3 revenue of $5.9B, plus or minus 2%. That’s below a $6.91B consensus. The release comes just two weeks after NVDA issued a sales and margin warning. $NVDA Shares got relief from Gaming and Professional Visualization segment revenue expected to be down Q/Q in FQ3, but Data Center and Automotive revenue … Continue reading “Nvidia Gaming Revenue Weakness Persists While Data Center Hyperscale Customers Grow”