2/15/2023 0 Comments Nip tuck season 3 episode 7![]() INVESTMENT THESIS: AMD is a chip maker that specializes in the development of both CPUs (like Intel) and GPUs (like Nvidia). Given AMD's exposure to the gaming and PC market, we are inclined to stay on the sidelines in the very near-term. The combination of those reports will likely keep AMD shares rangebound at least until the company presents at the Goldman Sachs Communacopia & Technology Conference on Sept. By comparison, Marvell (MRVL) guided its current quarter in-line with consensus expectations, as its business benefited from digital infrastructure (data center, carrier) spending as well as ramping automotive wins, and shared expectations for sequential revenue growth to accelerate in the fourth quarter as supply constraints begin to ease. The dollar's strength was also a headwind in Dell's guidance. ![]() While the company confirmed the slowdown on consumer PC demand, it comments about the slowdown in Enterprise customer spending is likely to raise questions over enterprise spending in the back half of 2022. $28.4 billion in the year-ago quarter and the $26.4 billion consensus. Dell now sees revenue for the current quarter in the range of $23.8 billion-$25 billion vs. Dell also expects a more challenging demand environment for its multi-cloud and data solutions. ![]() ![]() Later in the week, Dell's second-quarter results were good, but through the quarter it saw PC demand weakening. But, the company expects that decline will be mitigated by its data center and auto markets. WEEKLY UPDATE: Nvidia reported mixed July-quarter results and cut its outlook for the current quarter citing the weakening gaming market.
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