Research Archive
Qualcomm Q4 2024: Transformation in Full Swing: Q4 Results Showcase Successful Pivot Beyond Mobile
Key Takeaways Strong Financial Performance: Exceeded expectations with $10.2B in Q4 revenue and $2.69 EPS, while delivering record free cash flow of $11.2B for the year. This performance came despite challenging market conditions, demonstrating the company’s operational resilience. Successful Diversification Strategy: Moving beyond just mobile chips, with remarkable growth in automotive (68% YoY) and IoT…
Arm Q2: V9 & CSS Transform Growth Model
Key Takeaways Strong Value-Based Pricing Power: Demonstrated by smartphone royalty revenue growing 40% despite only 4% unit growth, showing Arm’s ability to capture significantly more value per chip through V9 adoption and pricing power. This decoupling of revenue from units is a fundamental shift in their business model. V9 + CSS Creating New Growth Layers:…
Google Q3 2024 Earnings Analysis: AI Monetization Hits Stride as Infrastructure Investments Show Returns, Cloud Margins Expand
Key Takeaways Strong AI Adoption & Monetization: AI Overviews reached 1 billion+ monthly users with ads monetizing at similar rates to traditional search, addressing key investor concerns about the AI transition. Gemini API calls grew 14x in 6 months, while machine costs per query dropped 90% over 18 months despite doubling model size. Infrastructure Strategy…
More Core, More Power: The Apple M4 Pro Advantage
Key Takeaways: Focus on performances cores for CPU and increased memory bandwidth. Several configurations available for the M4 series chips: M4, M4 Pro, and M4 Max. CPU core count varies from 8 to 16 cores, with combinations of performance and efficiency cores, but focus on performance cores at higher end SKUs. GPU options range from…
Tesla AI’s New Architecture with FSD v13 Software Stack
Key Points Tesla AI FSD v13 Update Highlights: Tesla has shipped its latest version to 50,000 customers, enhancing highway autonomy significantly. Version 13 (v13) Upgrade: v13 introduces major scaling and architecture improvements, including 3x model scaling, audio inputs for emergency vehicles, and a redesigned control system for smoother driving. Silicon Performance: AI4/HW4 silicon achieves 1.3…
AMD’s Data Center Surge: Q3 Revenue Doubles as AI Chips Gain Traction
Key Takeaways Data Center Momentum: AMD’s Data Center segment more than doubled YoY to $3.5B, with the company raising its 2024 Data Center GPU revenue target to $5B+ from $4.5B+. Major wins at Microsoft and Meta demonstrate growing traction in AI acceleration, though still far behind NVIDIA’s dominance. AI Product Roadmap Strength: Management expressed confidence…