Probably should have! Broadcom's predictions seem to be at odds with the rest of the semi industry. Most chip companies lowered full year guidance last quarter, Broadcom maintained their guidance. Then after other chip companies are predicting a 2nd half recovery, Broadcom today reduces their full year revenue guidance. Perhaps to be in line with … Continue reading Could You See Broadcom’s Miss Coming?
Technology stocks are increasingly diverging from each other as a trade war between the U.S. and China drags on. Ratio between the S&P 500 Software and Philadelphia Semiconductor indexes. The gauge closed Tuesday at its highest level since a bull market in U.S. stocks began in March 2009, according to data compiled by Bloomberg. The … Continue reading Software and Chipmakers
Advanced Micro Devices talked processors at Computex this past weekend. Investors liked what CEO Lisa Su had to say, the stock is up nicely on a pretty dull day. First up was Datacenter talk. Their Datacenter chip is called Epyc (pronounced Epic). Su announced "Today we have more than 60 Epyc platforms in production." she … Continue reading AMD Pushes the Envelope at Computex
This coming from U.S. District Judge Lucy Koh. She sided with the Federal Trade Commission(FTC) who said Qualcomm used it's dominant position in the CDMA and LTE modem chip market to squeeze rivals out of contracts and force mobile phone makers to pay more for its patents. The FTC filed the lawsuit in 2017, accusing … Continue reading Qualcomm Violated Antitrust Law
The U.S. markets dropped today as the blacklist of Huawei and 26 of its affiliates went into effect on Friday. I thought we knew this already... The big pain for Huawei has got to start with Alphabet halting most of it's relations. Huawei counts on Alphabet to supply it's operating system for it's phones. Huawei … Continue reading Huawei Blacklisted
Pinterest is down big this morning after issuing weaker than expected guidance on future revenue. The company expects 2019 revenue of $1.055 billion to $1.080 billion. The estimates were for $1.09 billion. They did beat on current revenue, but I guess missed on earnings... they reported a loss of $0.33 per share on revenue of … Continue reading PINS and NVDAs…. and Applied Materials
Apple reported $2.45 per share on revenue of $58.0 B vs estimates of $2.37 per share on revenue of $57.6 B. Apple's worldwide smartphone shipments were down 30.2 percent to 36.4 million iPhones from 52.2 million. This was enough to give up 2nd place to Huawei. First still belongs to Samsung with 23.1% market share. … Continue reading Apple Slips to Third… and No One Cares
PC Chip leader Intel reported last night after the close $0.89 a share on revenue of $16.1 B. Estimates were for $0.87 cents a share, revenue $16.0 B. But... they lowered guidance for the rest of the year to $4.35 per share on revenue of $69.0 B. Previous guidance was $4.60 / $71.5 B, consensus … Continue reading Intel Down Big, Amazon Flat