Qualcomm answers the M-series challenge. Qualcomm has worked out how to challenge Apple’s current advantage in Arm-based CPUs but the fact that it will be 2023 before it hits the market underlines just how far ahead Apple is. Qualcomm held its 2021 analyst day in which it stated that it sees its serviceable market growing by 12% for the next...
Interoperability between these two is the easy bit. Interoperability between Microsoft and Meta Platforms is an important step to ensuring the success of the Metaverse, but this one was an obvious and easy move meaning that interoperability remains by far the biggest hurdle that the Metaverse has to overcome. Microsoft and Meta will partner so that Microsoft Teams and Horizons...
A deeper investigation was always expected. It looks like the UK Government is going to order a phase II investigation into Nvidia’s purchase of Arm from Softbank which is going to delay things further and may force Nvidia to make bigger concessions to get the deal through. The UK Sunday Times (see here) has found sources that claim that Nadine...
I am not a big believer in simulation. GM Cruise is one of the leaders in autonomous driving, but I suspect that its use of simulation as opposed to the real world will prevent its performance from getting to a level where it can be truly called autonomous. GM Cruise held an event last week where it discussed its autonomous...
Regulatory overhang remains. A slow down in growth at Tencent was mitigated somewhat by international expansion but could hide the fact that the regulatory spectre still looms large over this company particularly in financial services. Q3 2021 revenues / operating profit were RMB142.4 ($22.0bn) / RMB40.8bn a little behind estimates of RMB146.0bn / RMB40.2bn which sent the shares down...
Dreams trump arithmetic for now. Rivian is coming to market at $78 a share giving it a valuation of $77bn despite not having sold a single vehicle. Furthermore, no one is even bothering to discuss unimportant issues like revenue or cash flow preferring instead to rely on the “dreams” that are being sold by the management and its advisors. These...
Roblox confirms that it is not Peloton. Roblox has exited the pandemic in good shape despite its users getting out and about again confirming that it is a proper contender for the Metaverse if or when it comes to the mass market. Q3 2021 bookings / EPS were $637.8m / LOSS$0.13 which was ahead of expectations of $624.2m / LOSS$0.04....
Meta’s trip around the Digital Life Pie begins. Hot on the heels of its name change, Meta has begun to do exactly what I suspected which is to acquire both the technologies and services that it lacks in order to have a complete ecosystem for the Metaverse when it is ready. It has only taken two days for Meta to...
Peloton is under assault on all fronts. Peloton is a warning to anyone who has invested in narrative-driven stocks that when the story breaks and the fundamentals start to matter again, the result is agonising. Peloton reported good FQ1 2021 results relative to expectations but was forced to greatly reduce guidance for the full year to June 2022 as demand...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Alibaba & Nvidia – Government hassles.
Alibaba: a bail-out to win favour? The fact that news of an Alibaba-led consortium being the lead contender to bail out failed chipmaker Tsinghua Unigroup sent the shares down 5% tells investors everything they need to know about this transaction. Tsinghua Unigroup is just another example of how problematic China’s strategy to become self-sufficient in semiconductors has become. While the...