In today’s briefing:
- Intel. US DoD & AWS Deals Are Distractions While The Head Remains Firmly In The Sand
- Oracle’s Cloud Wars: The Story Of Its Expansion and the Challenges That Could Threaten Its Growth! (9/24)
- Samsung Electronics (005930-KR): Quality Generative AI Play, Trading at a Discount
- Adobe’s Winning Formula for Double-Digit Growth: Creative Cloud, Document Cloud, and AI! (9/24)
- Tokyo Communications Group (7359 JP) – 2Q Follow-Up – Sep 4, 2024
Intel. US DoD & AWS Deals Are Distractions While The Head Remains Firmly In The Sand
- US DoD & AWS deals are little more than distractions from the main event
- Making Intel Foundry a subsidiary won’t make one whit of a difference but may just be the next step in its eventual spin-off
- The core issue, the GM collapse in Q224, was not addressed in the BM update from the CEO. That’s a problem.
Oracle’s Cloud Wars: The Story Of Its Expansion and the Challenges That Could Threaten Its Growth! (9/24)
- Oracle Corporation’s Q1 FY 2025 results demonstrated a robust performance, underscored by significant revenue growth and strategic expansions in their cloud offerings.
- The total revenue for the quarter was $13.3 billion, marking an 8% year-over-year increase.
- Cloud revenue was a standout with SaaS and IaaS generating $5.6 billion, reflecting a 22% increase.
Samsung Electronics (005930-KR): Quality Generative AI Play, Trading at a Discount
- Samsung Electronics (005930 KS) is a leading beneficiary of the recovery in global Smartphone demand, and strength in Memory prices, driven by the proliferation of Gen AI demand.
- Global Memory prices have recovered by up to +80%y/y driven by demand from hyperscaler customers for leading-technology DDR5, HBM, and other high-value-added memory products.
- Samsung Electronics trades more than one standard deviation below its 5-year historic average trading range, a historically proved to be an excellent buying point.
Adobe’s Winning Formula for Double-Digit Growth: Creative Cloud, Document Cloud, and AI! (9/24)
- Adobe’s third-quarter fiscal year 2024 performance highlighted a strong trajectory, with substantial year-over-year revenue growth and positive developments across its major product lines.
- Revenue stood at $5.41 billion, marking an 11% increase from the previous year.
- This growth was fueled by the consistent strength in Creative Cloud, Document Cloud, and Experience Cloud.
Tokyo Communications Group (7359 JP) – 2Q Follow-Up – Sep 4, 2024
- On August 7, 2024, Tokyo Communications Group, Inc. (hereafter, the “Company”) announced its 1H FY2024/12 financial results.
- Net sales fell 7.3% YoY to ¥2,771 mn, EBITDA was in the red with a loss of ¥16 mn (versus a positive EBITDA of ¥132 mn in 1H FY2023/12), and operating loss was at ¥211 mn, coming in worse than the ¥30 mn loss recorded in 1H FY2023/12.
- Ordinary losses increased from ¥56 mn to ¥88 mn, and 1H net loss expanded from¥87 mn to ¥158 mn.
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