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Technology Stocks : AMD, ARMH, INTC, NVDA -- Ignore unavailable to you. Want to Upgrade?

To: Pravin Kamdar who wrote (54919)	4/25/2024 2:57:01 AM
From: Vattila	Respond to of 72163

Intel may give you some indicator as to how the PC market is doing, but nothing much else, I would think. Sadly, Intel — with their need to fill fabs — has eradicated any operating income from the Client segment. AMD's other segments are on their own paths — even Data Centre, with EPYC and Instinct adoption rate being the limiting factors there. As per guidance, EPYC sales are expected to be seasonally down, offset by the Instinct ramp. The question is how much of a pullback there is in Gaming and Embedded. A "significant double-digit percentage" decline quarter-on-quarter was forecasted in the latter segment. I've modelled -20% and -24%, respectively. Hopefully, it is not even worse. I suspect expectations to be a bit on the high side, hence my entry below Zacks's average estimate (which is just ever so slightly above the midpoint of the reported outlook). Guidance will determine the stock movement, of course. The second half of the year should show tremendous growth, but investors may wait to see significant AI sales starting to materialise, by Q2 or Q3. Interestingly, a notable shift in the company this quarter is that, for the first time ever, the Data Centre segment is likely to generate more operating income than the rest of the segments combined. And this is likely to increasingly be the case going forward, as Instinct revenue continues rapid growth — into the billions at high margin. Play with the numbers.